Description
HIGH-PERFORMING COMMERCIAL INVESTMENT OPPORTUNITY WITH SIGNIFICANT UPSIDE. Exceptional opportunity to acquire a well-established, income-producing commercial property generating substantial annual net income, with increasing revenues and substantial potential for future expansion. Situated on an impressive 6.5-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:59846)
