Located in downtown Burk's Falls, this property presents a great investment opportunity, situated just 45 minutes north of Gravenhurst or south of Northbay. Boasting approximately 22,000 square feet of commercial mixed-use space, the property offers a multitude of possibilities for prospective buyers.
Currently, the property operates a large pub with a patio and outdoor space for events, all of which are located in the walk-out basement. Additionally, the ground floor retail space could be renovated to accommodate 13 hotel suites, providing further potential for income generation. Conceptual drawings are available for the development of 10 apartment units on the second and third floors, offering even more opportunities for expansion.
Furthermore, the basement pub is currently leased, providing immediate income for the new owner. With existing infrastructure such as a furnace in place, there is huge potential to develop the property into a hotel and renovate the main floor into multiple retail units available for rent. The property's location also offers easy access to nearby amenities such as the highway and public transit, making it an attractive investment prospect.
For those interested in the specifics, the property boasts a land size of 128.5 x 237.29 feet and is situated on Ontario Street in Burk's Falls, Ontario. The postal code for the property is P0A1C0, making it easily accessible for both residents and visitors alike.
In summary, this property presents an exciting opportunity for investors looking to capitalize on the growing demand for commercial and residential space in the area. With its prime location and potential for development, it is a unique prospect for those seeking a lucrative investment in the real estate market.
