470 Bay Street
Gravenhurst, ON
- 6 bath
- 2,328 sqft
- Investment
- 29 days on market
Muskoka Bed and Breakfast Opportunity!! Acquire the well-established Blue Spruce Muskoka B & B in the gateway to Muskoka that has welcomed guests for 9 years, offering warm, comfortable accommodations in a charming century home, ideally situated in Gravenhurst within walking distance of Muskoka Wharf, where the iconic Lake Muskoka steamships depart and historic downtown, home to the Opera House and Bethune Memorial Site. With seven bedrooms and six bathrooms, the property offers an attractive combination of lifestyle and return on investment with excellent upside potential. Upstairs each of the 4 guest rooms feature bathrooms and refrigerators in suite. Two bedrooms on the main level are currently used by the owners and could be converted to income-producing guest accommodations. The approximately 2,300-square-foot residence retains the character of its historic origins while providing generous common spaces. The classic dining room flows naturally into the living room, where abundant windows bring in natural light and fireplace creates a welcoming space. Additional common areas include an enclosed front porch, lower-level family room, and rear den with direct access to deck, patio, sunroom, garage & shed along with a beautifully landscaped yard featuring multiple seating areas and a fire pit. Guests can easily walk to parks, beaches, waterfront boardwalk, cruise departures, restaurants, shops and downtown attractions, while the broader Muskoka region offers year-round recreation including boating, swimming, fishing, hiking, golfing, skiing and snowmobiling. The Blue Spruce presents a rare opportunity to acquire an established profitable hospitality business and distinctive Muskoka property in one of Ontario's most sought-after recreational destinations. Whether operated as an established bed and breakfast, expanded to maximize its accommodation potential, or adapted to suit a new owner's vision, this property offers both character and commercial income opportunity.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $2,832
- Listed
- August 21, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 66 x 132 Feet
Parking
- Garage
- Single Detached
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Sarah Street
- Zoning
- C-4
- Parcel Number
- 481910093
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Commercial
- Business Type
- Bed & Breakfast
- Office / Apartment Area
- 100 %
Included
- Inclusions
- Refrigerator, range, over range microwave, dishwasher, washer, dryer, 4 guest room refrigerators, all furnishings and decor as viewed
- Exclusions
- List to be provided
- Rental Items
- Hot water tank
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
- $625,000
- Homes sold
- 228
- Median days on market
- 34
- Sale-to-list price
- 94.8%
Based on 228 recorded sales of commercial properties in Gravenhurst over the last 12 months.
Listed by
Re/Max Professionals North
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 2,328 sq ft
- Price per sq ft
- $356.10
- Annual property tax
- $2,832
- Tax per sq ft
- $1.22
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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