469 BETHUNE DRIVE N, Gravenhurst (Muskoka (S))

$1,499,000

For sale: Other

Property type

Sale Of Business

Bedrooms / bathrooms

23 bathrooms

MLS®

MLS® X12954940

Neighbourhood

Muskoka (S)

21 room motel and restaurant for sale in the city of Gravenhurst in Muskoka Area, one of the major tourists' attractions. Just 1.5 hours north of the GTA and close to the Trans Canada Hwy 11 exit. The restaurant & pub has been closed since 2024 (it was on lease before). Most of the rooms have been occupied since long time by the customers living there on monthly basis. The current owner has been managing it remotely as an absentee owner since last 10 years with just one employee on site to take care of the property...... Future Potential: Ideal opportunity for the builder/developer/contractor to utilize this 3.08 acres lot and build a new hotel with the city's approval OR to renovate, remodel the existing motel and run as regular motel operation similar to other hotels and motels in the Muskoka area. This location and the property have indeed great income potential for the new owner operator if it's operated as a regular daily motel operation, currently it's underperforming with No online presence or reservation system in place. NOTE: The seller is retiring and selling the entire property in AS IS condition and the new buyer must assume all people living there in each room on the closing.