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211 Bishop Street, Gravenhurst, ON P1P 1J5

Gravenhurst, ON

$449,900
MLS® #: X13111888
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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!

Quick Details

Beds5
Baths4
TypeResidential Freehold
Sq Ft0
Parking Spaces6
Taxes$2,750
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Comprehensive Property Details

Bedrooms Above Grade 5
Cable Y N A Yes
Central Vacuum Y N No
City Region Muskoka (S)
Contract Status Available
Country CA
County Or Parish Muskoka
Covered Spaces 0
Cross Street First St and Bishop St
D D F Y N Yes
Den Familyroom Y N No
Direction Faces South
Directions Bethune Dr S to Bishop St
Electric Y N A Yes
Ensuite Laundry Y N No
Expiration Date 2026-11-06
Fireplace Y N No
Garage Type None
Garage Y N No
Heat Source Electric
Heat Type Baseboard
Internet Address Display Y N Yes
Internet Entire Listing Display Y N Yes
Kitchens Above Grade 4
Kitchens Total 4
List A O R Toronto Regional Real Estate Board
List Office Name EXIT REALTY TRUE NORTH
Living Area Range 2000-2500
Lot Depth 132
Lot Shape Rectangular
Lot Size Area 0.2
Lot Size Source MPAC
Lot Size Units Feet
Lot Width 66
Mls Status New
Occupant Type Tenant
Parcel Number 481850058
Parking Spaces 6
Possession Details Flexible
Possession Type Flexible
Postal Code P1P 1J5
Property Sub Type Fourplex
Roll Number 440201000702000
Rooms Above Grade 16
Sign On Property Y N No
Standard Status Active
State Or Province ON
Street Name Bishop
Street Number 211
Street Suffix Street
Survey Type None
Tax Legal Description Description PLAN 3 LOT 61
Tax Year 2025
Transaction Type For Sale
Vendor Property Info Statement No
Washrooms Type1 4
Washrooms Type1 Level Main
Washrooms Type1 Pcs 4
Waterfront Y N No