For Sale

469 Bethune Drive, Gravenhurst, Ontario P1P 1B8

$1,700,000

469 Bethune Drive, Gravenhurst, Ontario P1P 1B8 is For Sale and has a listing price of 1,700,000. The property is located in the Gravenhurst neighbourhood . It's been on the website for 33 Days.

  • Investment
    Property Type
  • 23
    Bathrooms
  • MLS ID: X12033312
  • Office Name CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Property Description

21 ROOM MOTEL For Sale in the city of Gravenhurst in MUSKOKA AREA, one of the major tourists attractions. This motel runs on long-term customer living there on Monthly basis, all rooms always occupied, 100% occupancy throughout the year. Just one employee runs the motel. This location and the property has indeed a great income potential for the new owner if operates as a regular motel with all online exposure. Very low operating costs as just one employee, NO housekeeping, Minimum Supplies, NO online reservations system. Investors own this property since last 8 years and it has been operated the same way by one employee only. The property has a Restaurant as well (it was on lease till mid 2024) currently it is closed. FUTURE POTENTIAL: Ideal location for the Builder/Developer to utilize this 3.08 Acres lot and build a branded hotel or other dream project with the city’s approval.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12033312
  • Price: $1,700,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 370
  • Ref ID: X12033312
  • Dir / Cross St: Bethune Dr N & Winewood Ave E
  • Tax Year: 2024
  • Property Type: Investment
Price History
List Date MLS ID List Price Status End Date Closed Price
03/21/2025 X12033312 $1,700,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Gravenhurst
  • $893,404 Average List Price
    based on 1 year
  • 137 New Listings
    based on 30 days
  • 123 Median Days on Market
    based on 1 year
  • List vs. Selling Price 161.65 % Up
  • Sold (12mo) 204
  • Rented (12mo) 34

  • 1 Month Change -88.6%
  • 3 Month Change -79.9%
  • 6 Month Change -84.5%
Walkscore
Property Type Distribution
  • All Houses
    66.47%
  • Commercial
    22.82%
  • Condo
    8.55%
  • Land for Sale
    2.16%
Additional Details
  • Heat Type Baseboard
  • Washroom Type1: 23
  • Garage Type Outside/surface
  • Parking Spaces: 30
  • Taxes: $9,341
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: 30-60 days
  • Listing Entry Date: 21/03/2025 03:06:36
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