211 Bishop Street
Muskoka (S), Gravenhurst, P1P 1J5
FOR SALE
$459,900
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5
BEDROOMS4
BATHROOMS4
KITCHENS16
ROOMSX12566518
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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 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!
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2017-09-12 | 2017-11-09 | 58 | $298,000 | $275,000 |
Property Features
Rec./Commun.Centre, Library, School, Accessory Apartment, Private Double
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Property Details
Address
211 Bishop Street
Community
City
Postal Code
P1P 1J5
Property Type
Fourplex, Fourplex
Zoning
RM-1
Lot Size
66' x 132'
Acreage
0.2 Feet
Taxes
$2,710 (2024
Basement
Half, Unfinished
Exterior
Porch, Year Round Living
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Exit Realty True North
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