211 Bishop Street, Gravenhurst, ON P1P 1J5 (First St and Bishop St)

Price : $449,900.00 , MLS®# : X13111888

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!

Location Description

First St and Bishop St

Property Details
  • Community: Muskoka (S)
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 5
  • Bath: 4
  • Garages: None
  • Annual Property Taxes : $ 2750
Building Features
  • Foundation Type: Poured Concrete
  • Counstruction Material : Vinyl Siding
  • Total Parking Space : 6
  • Parking Type : None
Building Features
  • Heating : BaseboardElectric
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 66 sq.ft
  • Land Depth: 132sq.ft

Listing Contracted With: EXIT REALTY TRUE NORTH