$1,700,000
bed
0bath469 Bethune Drive, Gravenhurst, ON P1P 1B8
Price Comparison
Property Description
Property type
Investment
Lot size
N/A
Style
Approx. Area
N/A
About 469 Bethune Drive
21 ROOM MOTEL For Sale in the city of Gravenhurst in MUSKOKA AREA, one of the major tourists attractions. This motel runs on long-term customer living there on Monthly basis, all rooms always occupied, 100% occupancy throughout the year. Just one employee runs the motel. This location and the property has indeed a great income potential for the new owner if operates as a regular motel with all online exposure. Very low operating costs as just one employee, NO housekeeping, Minimum Supplies, NO online reservations system. Investors own this property since last 8 years and it has been operated the same way by one employee only. The property has a Restaurant as well (it was on lease till mid 2024) currently it is closed. FUTURE POTENTIAL: Ideal location for the Builder/Developer to utilize this 3.08 Acres lot and build a branded hotel or other dream project with the city's approval.
Home Overview
Last updated
3 days ago
Virtual tour
None
Basement information
Building size
3.079
Status
In-Active
Property sub type
Investment
Maintenance fee
$N/A
Year built
--
Additional Details
MORTGAGE INFO
ESTIMATED PAYMENT
Location
Some information about this property - Bethune Drive
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