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$ 3,399,000
Est. payment | /mo
49,891 SqFt
$ 3,399,000
Est. payment | /mo
49,891 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 49,891 sqft
Price per Sqft $68
Subdivision Chaffey
MLS Listing ID X12503266
Annual Tax Amount $19,697
Tax Year 2025
Property Sub-Type Investment
Property Description
14 Two-Bedroom, Two-Storey Suites, in Huntsville, ON! Over $500 in average rental upside, conservatively! Desirable financing! Nestled at the heart of Huntsville's vibrant Main Street East, the property enjoys unparalleled walkability to local amenities, shops, and cultural hubs. Steps from the iconic Huntsville Public Library, artisan boutiques, and acclaimed eateries like The Depot and Boathouse, residents benefit from immediate access to the town's bustling core. Very close proximity to the Huntsville District Memorial Hospital and the Muskoka River waterfront ensures convenience for healthcare and recreation. The property has seen substantial upgrades and modernization over the years with notable investment in tenant appeal and property renovation. Each unit is approximately 1,000 sq ft with 2 bedrooms on the second floor and open-concept living spaces featuring functional living spaces, spacious kitchens, tastefully appointed flooring and cabinets, etc. Each two-bedroom townhome also features a working gas fireplace in the family room. Current rents average under $1370 while newer in place rents are $1900. Further modernization could boost market rents even higher. An average upside of over $500 per unit means an upside of over $84,000 and upside in value of nearly $1,700,000 ! Huntsville's thriving economy, fueled by a booming tourism and manufacturing sector, supports strong housing demand. Known as the "Gateway to Muskoka," it hosts key employers like the Canadian Space Agency operations and attracts over 2 million tourists annually, employing thousands in hospitality and related fields. The town's ongoing infrastructure growth boosts its allure for real estate investment. Projects like the Muskoka Airport expansion, Algonquin Provincial Park enhancements, and a $200 million downtown revitalization signal a dynamic, expanding community.
Location
Province ON
County Muskoka
Community Chaffey
Area Muskoka
Zoning Multi-Residential MU1
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 132.0
Lot Depth 340.0
Others
ParcelsYN No
Listed by STONEBANK REAL ESTATE LTD.
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