171 Muskoka Road

Gravenhurst, ON

3 bath • 9,295 sqft • Investment • 337 days on market

$1,500,000Price reduced 17%

NEW ATTRACTIVE PRICE for this Downtown Gravenhurst Land, Building & Business Investment Opportunity!! After 76 years of family operations, the current owners are retiring. Asset or Share sale includes 9.295 sq. ft. 3 level commercial building with 2 residential unit on the upper level, and a Furniture, Appliance, decor business on a 46 foot by 123 foot with C1 Commercial Core occupies in a prime location on the vibrant main street in downtown Gravenhurst. Retail Space: Two levels comprising 7,169 sq. ft. (3,938 sq. ft. main floor + 3,231 sq. ft. lower level) Residential Space: Two well-kept apartments totaling 2,126 sq. ft., each with its own kitchen, bathroom and hydro meter. South Apt. is approx. 1,000 sq.ft, has 2 beds, 1 bath and laundry in the kitchen. North Apt. is approx. 1,125 sq.ft. has 1 bed + den, 1 bath a large living/dining room. Efficient gas-fired boiler heating system. 200 AMP electrical service, municipal water and sewer. Storefront with display windows and signage. The interior retail space is open, bright, and ready for a new management and concept or continue on the tradition of furniture, major appliance and bed retail sales. The apartments above are in good condition, offering immediate rental income or on-site living for the owner/operator. This is a rare investment opportunity in the heart of Gravenhurst the gateway to Muskoka only 1.5 hours from the GTA. Gravenhurst is the most southern Muskoka business centre serving the growing local community, affluent cottagers and a vibrant tourist market. With a well structured serious offer a VTB is possible.

Listing Details

Taxes (2024): $7,828
Originally Listed: $1,800,000
Listed: September 22, 2025

Price History

Listing history

Property

Age: 51-99
Lot Size: 42.06 x 123 Feet

Utilities

Sewer: Sanitary+Storm Available

Location & Legal

Cross Street: Bay St.
Zoning: C1- Commercial Core
Parcel Number: 481910194
Possession: Flexible

Commercial

Occupancy: Owner
Office / Apartment Area: 2126 Sq Ft

Included

Inclusions: As viewed less personal effects.

Community

Postal area P1P

Population: 11,083
Private dwellings: 6,921
Median age: 54
Average household size: 2.2
Median household income: $72,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Gravenhurst · last 12 months

Median sold price: $630,000
Homes sold: 234
Median days on market: 34
Sale-to-list price: 95.0%

Based on 234 recorded sales of commercial properties in Gravenhurst over the last 12 months.

Listed by

Re/Max Professionals North

Location

Commercial figures

Building area: 9,295 sq ft
Price per sq ft: $161.38
Annual property tax: $7,828
Tax per sq ft: $0.84

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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