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$ 549,900
Est. payment /mo
New
211 Bishop ST Gravenhurst, ON P1P 1J5
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Muskoka (S)
MLS Listing ID X12060068
Style 1 1/2 Storey
Bedrooms 5
Annual Tax Amount $2,710
Tax Year 2024
Property Sub-Type Fourplex
Property 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 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!
Location
State ON
County Muskoka
Community Muskoka (S)
Area Muskoka
Rooms
Family Room No
Basement Half, Unfinished
Kitchen 4
Interior
Interior Features Accessory Apartment
Cooling None
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Porch, Year Round Living
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle
Topography Dry,Level
Lot Frontage 66.0
Lot Depth 132.0
Total Parking Spaces 6
Building
Unit Features Rec./Commun.Centre,Library,School
Foundation Poured Concrete
Listed by EXIT REALTY TRUE NORTH