171 Muskoka Road S Gravenhurst, Ontario P1P 1X3

$1,600,000

Rare Downtown Gravenhurst Investment & Development Opportunity!!! A true once-in-two-generation offering, this 9,295 sq. ft. commercial/residential building occupies a prime location on the vibrant main street of Gravenhurst. Owned and operated by the same successful furniture and appliance business for an extraordinary 76 years, this property now awaits its next chapter. The Retail Space on two levels comprising 7,169 sq. ft. (3,938 sq. ft. main floor + 3,231 sq. ft. lower level). The Residential Space: has two well-kept apartments totaling 2,126 sq. ft., each with its own kitchen, Bathroom and Hydro service. South Apt. has approx. 1000sqft with 2 beds, 1 bath and in kitchen laundry while North Apt. has approx. 1200sqft with 1 bed + den, 1 bath and a large living/dining room. The efficient gas-fired boiler heating system; 200 AMP electrical service; on municipal water and sewer. 42 feet store front with large display windows ideal for showcasing retail. At rear is a cover loading dock, warehouse storage area, and utility rooms. The interior retail space is open, bright, with 9' ceilings and ready for your vision whether you continue retail operations, create a mixed-use hub, or redevelop for modern commercial and residential use with C1 Commercial Core Zoning. The apartments above are in good condition, offering immediate rental income or on-site living for an owner/operator. This is a rare find in the heart of Gravenhurst the gateway to Muskoka, surrounded by year-round tourism and a growing local community. Seize the opportunity to own a landmark property with proven longevity and unlimited potential. (id:56991)

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