211 Bishop Street Gravenhurst, Ontario P1P 1J5
$549,900
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! (id:56991)
Property Details
| MLS® Number | X12060068 |
| Property Type | Multi-family |
| Community Name | Muskoka (S) |
| AmenitiesNearBy | Schools |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater - Gas |
| Features | Dry, Level |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | Water Heater - Gas |
| Structure | Porch |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Water Meter, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ExteriorFinish | Vinyl Siding |
| FireplacePresent | No |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| SizeInterior | 2,000 - 2,500 Ft2 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Schools |
| Sewer | Sanitary Sewer |
| SizeIrregular | 66 X 132 Acre |
| SizeTotalText | 66 X 132 Acre |
| ZoningDescription | Rm-1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 2.73 m | 2.845 m | 2.73 m x 2.845 m |
| Second Level | Bedroom 2 | 3.226 m | 2.819 m | 3.226 m x 2.819 m |
| Second Level | Bedroom 4 | 5.334 m | 2.62 m | 5.334 m x 2.62 m |
| Main Level | Bedroom 3 | 2.74 m | 2.51 m | 2.74 m x 2.51 m |
| Main Level | Kitchen | 1.89 m | 2.87 m | 1.89 m x 2.87 m |
| Main Level | Living Room | 4.35 m | 3.47 m | 4.35 m x 3.47 m |
| Main Level | Kitchen | 1.49 m | 2.87 m | 1.49 m x 2.87 m |
| Main Level | Living Room | 2.36 m | 3.22 m | 2.36 m x 3.22 m |
| Ground Level | Kitchen | 3.1 m | 2.9 m | 3.1 m x 2.9 m |
Utilities
| Cable | Installed |
| Sewer | Installed |
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April 12 2025 04:41:04
Toronto Regional Real Estate Board
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