About This Property
Excellent investment opportunity in the heart of downtown Gravenhurst. This detached two-storey property offers approximately 1,440 sq. ft. of finished space, with approximately 720 sq. ft. on each level. The main floor is currently occupied by an established hair salon, with the same tenant in place for over 20 years. The upper level features a self-contained two-bedroom residential apartment with separate entrances. A large backyard provides ample parking and is currently used by both the residential and commercial tenants. Recent improvements include a furnace approximately three years old, along with newer shingles and soffit.Both tenants are currently month-to-month. The residential tenant pays 100% of their hydro. The main-floor salon tenant pays 100% of hydro, 75% of gas, and 80% of water and sewer costs. A versatile downtown property offering established tenancy, on-site parking and a combination of residential and commercial income, all within walking distance of Gravenhurst's downtown amenities.
Property Overview
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Listing ID
X13665672
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Type
Detached
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Bedrooms
2
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Bathrooms
2
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Size
1100-1500 sqft
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Transaction
For Sale
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Kitchens
1
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Parking
10 spots
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Garage
None
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Heat
Forced Air / Gas
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Annual Tax
$1,996 (2025)
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Lot
66 × 137 Feet
Features & Amenities
- None
- Exposed Rock
- Unfinished
- Separate Hydro Meter
- Water Heater Owned
- Porch Enclosed
- Year Round Living
- Private
- Other
From Our Gallery (28 photos)
Location
Address:
151 Royal Street, Gravenhurst, ON P1P 1H5
City:
Gravenhurst, ON
Postal Code:
P1P 1H5