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211 BISHOP STREET, Gravenhurst (Muskoka (S)) — listed at $449,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Ground level | 3.1 x 2.9 meters |
| Bedroom | Second level | 2.73 x 2.845 meters |
| Bedroom 2 | Second level | 3.226 x 2.819 meters |
| Bedroom 3 | Main level | 2.74 x 2.51 meters |
| Bedroom 4 | Second level | 5.334 x 2.62 meters |
| Kitchen | Main level | 1.89 x 2.87 meters |
| Living room | Main level | 4.35 x 3.47 meters |
| Kitchen | Main level | 1.49 x 2.87 meters |
| Living room | Main level | 2.36 x 3.22 meters |
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Is 211 BISHOP STREET a good fit for a growing family?+
With 5 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
Does it have a basement, and is it finished?+
Yes — Unfinished, Partial. A finished basement adds meaningful living space beyond the listed square footage.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, electric. Electric heating can mean higher winter bills — ask for past utility statements.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,750, heating is baseboard heaters, electric. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 6 spaces — No Garage.
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