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470 Bay Street, Gravenhurst, ON P1P 1H8

$829,000

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. 4 bedrooms feature bathrooms within the same guest unit. All 5 suites have a refrigerator. 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 and lanai, 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.