$949,000
Gravenhurst
105 Wellington Street, Gravenhurst (Muskoka (S)), Ontario, P1P1B2
This multi-family property in Gravenhurst is for sale offering roughly 2,250 sq ft of space. It has been on the market 43 days, fresher than the Gravenhurst average of 86 days.
Exceptional Triplex Opportunity in a Desirable Gravenhurst Location! Discover the perfect blend of homeownership and investment potential with this well-maintained triplex situated in a desirable area of Gravenhurst. Offering three separate units, this property is an excellent opportunity for an investor or owner-occupier looking to generate rental income while enjoying the benefits of homeownership.The main-level unit features 2 bedrooms, main-floor laundry, an eat-in kitchen, and comfortable living space, making it an ideal principal residence. The second unit has been recently renovated with a modern, inviting feel, offering 1 bedroom and an office, an open-concept layout, eat-in kitchen, and convenient laundry. The third unit provides a modern 1-bedroom layout with main floor launder offering additional rental income or flexible space for guests, family, or other uses.Outside, enjoy a beautifully manicured yard, an attached garage, and the added benefit of a drilled well. With its versatile layout and multiple income-producing units, this property provides an opportunity to live in one unit while rental income from the others helps offset the cost of ownership. This home has undergone an extensive renovation, with approximately 90% of the property remodeled and upgraded. The improvements include updated plumbing, heating, electrical, insulation, fire separation, windows, doors, tiling, and other major components, providing significant upgrades throughout the home.The property also includes materials for completing a screened-in porch in the garage, offering the opportunity to create additional functional living or recreational space..With extensive work already completed, this property offers a combination of substantial renovations, modern updates, and future potential for the next owner.A great combination of location, functionality, updates, and income potential - this Gravenhurst triplex is worth a look! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 43 days on market, against an average age of 86 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 9-bed multi-family in Gravenhurst (Muskoka (S)) has been listed for 43 days, which is 43 days fresher than the city average of 86. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $949,000, about 13.1× the local median household income of $72,500.
Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 156% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1P)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.