Excellent investment opportunity in the heart of downtown Gravenhurst. This detached two-storey property offers approximately 1,440 sq. ft. of finished space, with approximately 720 sq. ft. on each level. The main floor is currently occupied by an established hair salon, with the same tenant in place for over 20 years. The upper level features a self-contained two-bedroom residential apartment with separate entrances. A large backyard provides ample parking and is currently used by both the residential and commercial tenants. Recent improvements include a furnace approximately three years old, along with newer shingles and soffit.Both tenants are currently month-to-month. The residential tenant pays 100% of their hydro. The main-floor salon tenant pays 100% of hydro, 75% of gas, and 80% of water and sewer costs. A versatile downtown property offering established tenancy, on-site parking and a combination of residential and commercial income, all within walking distance of Gravenhurst's downtown amenities.
Address
151 Royal Street
List Price
$395,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Gravenhurst
Sub-Area
Muskoka (S)
Region
Muskoka
Bedrooms
2
Bedrooms (Total)
2
Rooms Above Grade
8
Bathrooms
2
Floor Area
1100-1500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
137
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
66
Parcel Number
481840100
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
Muskoka Road South/Royal
MLS® Number
X13665672
Listing Brokerage
Chestnut Park Real Estate
Basement Area
Exposed Rock, Unfinished
Postal Code
P1P 1H5
Posession Details
flexible
Parking
Private
Parking Places (Total)
10
Parking Spaces
10
Tax Amount
$1,996.41
Tax Year
2025
Site Influences
Level, Porch Enclosed, School Bus Route, Year Round Living
Exterior Features
Porch Enclosed, Year Round Living
Interior Features
Separate Hydro Meter, Water Heater Owned
Property Features
Level, School Bus Route
Central Vacuum
No
Family Room
No
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Concrete Block
Direction Faces
South
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LOT 6 PLAN 2 GRAVENHURST; GRAVENHURST ; THE DISTRICT MUNICIPALITY OF MUSKOKA
Security Features
Other
Topography
Level
View Type
Downtown
Waterfront
No
Waterfront
None
Water Body Type
Lake
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Other | 7.32 x 9.45 Meters | 2 Pc Ensuite |
| Second | Bathroom | 1.93 x 1.75 Meters | 4 Pc Bath |
| Second | Kitchen | 2.41 x 3.12 Meters | |
| Second | Living Room | 4.14 x 3.43 Meters | |
| Second | Bedroom | 3.4 x 3.56 Meters | |
| Second | Bedroom 2 | 2.92 x 2.24 Meters | |
| Second | Foyer | 1.27 x 2.92 Meters |