1695-1703 Winhara Road Gravenhurst, Ontario P1P 1R1

15 Bathroom 28,780 sqft
Partially Air Conditioned Baseboard Heaters, Forced Air Acreage

$6,700,000

HIGH-PERFORMING COMMERCIAL INVESTMENT OPPORTUNITY WITH SIGNIFICANT UPSIDE. Exceptional opportunity to acquire a well-established, income-producing commercial property generating over $430,000 in annual net income, with increasing revenues and substantial potential for future expansion. Situated on an impressive 5.2-acre C3-zoned property with approximately 815 feet of road frontage, this highly visible investment enjoys excellent exposure along busy Highway 11 between Gravenhurst and Bracebridge in majestic Muskoka. The property currently features 168 rented self-storage units totaling approximately 22,351 sq. ft., plus 56 occupied outdoor storage spaces, providing multiple established and dependable revenue streams. Complementing the storage operation is a guest occupied 14-unit Extended Stay Inn totaling approximately 5,757 sq. ft., along with a 672 sq. ft. insulated workshop. Additional income is generated through roof-space rental to a solar collection company and coin-operated laundry facilities. The accommodation component includes 2 renovated apartments, heated by a forced-air natural gas furnace, as well as 12 updated housekeeping/motel-style units with upgraded electrical and plumbing services. Property amenities include an in-ground swimming pool, two wells, two septic systems, and secure perimeter fencing. With strong existing operations, established revenue streams, quality equipment and chattels included, and excellent highway exposure, this property offers a compelling combination of current income and future growth potential. There is considerable opportunity to expand both the storage facilities and Extended Stay accommodations, providing the potential to increase rental income and overall property value and/or add your enterprise. A rare opportunity to acquire a diversified commercial investment with multiple income sources, proven operating history, substantial land, excellent highway visibility, and significant room for future development. (id:49269)

Business

Business Type Transportation and Warehousing
Business Sub Type Storage/Mini

Property Details

MLS® Number X13865546
Property Type Business
Community Name Muskoka (S)
Amenities Near By Highway
Parking Space Total 80

Building

Bathroom Total 15
Age 51 To 99 Years
Cooling Type Partially Air Conditioned
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Forced Air
Size Interior 28,780 Sqft
Utility Water Drilled Well, Dug Well

Land

Acreage Yes
Land Amenities Highway
Sewer Septic System
Size Depth 626 Ft ,2 In
Size Frontage 814 Ft ,6 In
Size Irregular 6.5
Size Total 6.5 Ac
Size Total Text 6.5 Ac
Zoning Description C3

https://www.realtor.ca/real-estate/30368762/1695-1703-winhara-road-gravenhurst-muskoka-s-muskoka-s

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