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 5.5%. This property features: Three units in the main building: A spacious 2-bedroom unit and 2 well-appointed 1-bedroom units along with a separate 1-bedroom unit, offering 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! |
Price | $549,900 |
Taxes: | $2710.00 |
Assessment Year: | 2024 |
Occupancy by: | Tenant |
Address: | 211 Bishop Stre , Gravenhurst, P1P 1J5, Muskoka |
Directions/Cross Streets: | First St and Bishop St |
Rooms: | 16 |
Bedrooms: | 5 |
Bedrooms +: | 0 |
Family Room: | F |
Basement: | Half, Unfinished |
Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
Room 1 | Ground | Kitchen | 10.17 | 9.51 | |
Room 2 | Second | Bedroom | 8.95 | 9.35 | |
Room 3 | Second | Bedroom 2 | 10.59 | 9.25 | |
Room 4 | Main | Bedroom 3 | 8.99 | 8.23 | |
Room 5 | Second | Bedroom 4 | 17.48 | 8.59 | |
Room 6 | Main | Kitchen | 6.2 | 9.41 | |
Room 7 | Main | Living Ro | 14.27 | 11.38 | |
Room 8 | Main | Kitchen | 4.89 | 9.41 | |
Room 9 | Main | Living Ro | 7.74 | 10.56 |
Washroom Type | No. of Pieces | Level |
Washroom Type 1 | 4 | Main |
Washroom Type 2 | 0 | |
Washroom Type 3 | 0 | |
Washroom Type 4 | 0 | |
Washroom Type 5 | 0 |
Total Area: | 0.00 |
Property Type: | Fourplex |
Style: | 1 1/2 Storey |
Exterior: | Vinyl Siding |
Garage Type: | None |
(Parking/)Drive: | Private Do |
Drive Parking Spaces: | 6 |
Park #1 | |
Parking Type: | Private Do |
Park #2 | |
Parking Type: | Private Do |
Pool: | None |
Approximatly Square Footage: | 2000-2500 |
Property Features: | Rec./Commun., Library |
CAC Included: | N |
Water Included: | N |
Cabel TV Included: | N |
Common Elements Included: | N |
Heat Included: | N |
Parking Included: | N |
Condo Tax Included: | N |
Building Insurance Included: | N |
Fireplace/Stove: | N |
Heat Type: | Baseboard |
Central Air Conditioning: | None |
Central Vac: | N |
Laundry Level: | Syste |
Ensuite Laundry: | F |
Sewers: | Sewer |
Utilities-Cable: | Y |
Utilities-Hydro: | Y |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
EXIT REALTY TRUE NORTH |
|
Book Showing | Email a Friend |
Type: | Freehold - Fourplex |
Area: | Muskoka |
Municipality: | Gravenhurst |
Neighbourhood: | Muskoka (S) |
Style: | 1 1/2 Storey |
Tax: | $2,710 |
Beds: | 5 |
Baths: | 4 |
Fireplace: | N |
Pool: | None |