211 Bishop Street,Gravenhurst, ON P1P 1J5
Gravenhurst, ON P1P 1J5
Description
Prime 4-Plex Investment Opportunity in the Heart of Gravenhurst! Located on a corner lot just steps from downtown Gravenhurst, this fully tenanted 4-plex offers exceptional income potential with a cap rate of almost 7%. This property features: Three units in the main building: A spacious 2-bedroom unit and 2 well-appointed 1-bedroom units. A separate 1-bedroom unit offers added privacy and flexibility, with the potential to sever into two lots, creating future development or resale opportunities. Coin-operated laundry is also onsite for additional income and ease. Situated just steps from local shopping, dining and amenities, this property is perfect for investors seeking a turnkey income generator with future growth potential. Don't let this rare opportunity pass you by!
Details
| MLS # | X13111888 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 168 |
| Listing Provided By | EXIT REALTY TRUE NORTH | X13111888 433400 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.20 |
Interior
| Interior Features | Accessory Apartment |
|---|---|
| Cooling | None |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Porch, Year Round Living |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Poured Concrete |
| Topography | Dry, Level |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private Double |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2750 |
|---|---|
| Tax Legal Description | Description PLAN 3 LOT 61 |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Muskoka |
| City | Gravenhurst |
| Postal Code | P1P 1J5 |
| Area | Muskoka (S) |
| Listing VS Median (in P1P 1J5) | |
Price: $449,900 low | high Med: $0 On site: 168 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Muskoka |
| City | Gravenhurst |
| Postal Code | P1P 1J5 |
| Area | Muskoka (S) |
| Listing VS Median (in P1P 1J5) | |
Price: $449,900 low | high Med: $0 On site: 168 low | high Med: | |
