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!
Address
211 Bishop Street
List Price
$459,900
MLS® Status
New
Expiration Date
2026-05-20
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
1 1/2 Storey
Transaction Type
Sale
Area
Gravenhurst
Sub-Area
Muskoka (S)
Region
Muskoka
Bedrooms
5
Bedrooms (Total)
5
Rooms Above Grade
16
Bathrooms
4
Floor Area
2000-2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
132
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
66
Parcel Number
481850058
Occupant Type
Tenant
Cross Street
First St and Bishop St
MLS® Number
X12566518
Listing Brokerage
EXIT REALTY TRUE NORTH
Basement Area
Half, Unfinished
Postal Code
P1P 1J5
Posession Details
Flexible
Parking
Private Double
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$2,710.00
Tax Year
2024
Site Influences
Library, Porch, Rec./Commun.Centre, School, Year Round Living
Exterior Features
Porch, Year Round Living
Interior Features
Accessory Apartment
Property Features
Rec./Commun.Centre, Library, School
Cable
Yes
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
None
Construction Materials
Vinyl Siding
Direction Faces
South
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
Description PLAN 3 LOT 61
Topography
Dry, Level
Waterfront
No
Sewer
Sewer