$449,900

For sale

105 Wellington Street, Gravenhurst (Muskoka (S)), Ontario, P1P1B2

9 bd5 ba7 pk2,250 ft²Lot size 100 × 150 ft (15,000 sq ft)

Listed by Coldwell Banker The Real Estate Centre

141 Hotchkiss Street, Gravenhurst (Muskoka (S)), Ontario, P1P1H6

For sale

46 days ago

$1.59M

141 Hotchkiss Street, Gravenhurst (Muskoka (S)), Ontario, P1P1H6

5,600 ft²Lot size 5,663 sq ft (0.13 ac)

Listed by Re/Max Professionals North

635 First Street South, Gravenhurst (Muskoka (S)), Ontario, P1P1K1

For salePrice drop

57 days ago

$520K$534K

↓ $14K (3%) price drop

635 First Street South, Gravenhurst (Muskoka (S)), Ontario, P1P1K1

5 bd2 ba5 pk1,750 ft²Lot size 66 × 66 ft (4,356 sq ft)

Listed by RE/MAX HALLMARK CHAY REALTY

1317 North Muldrew Lake Road, Gravenhurst (Muskoka (S)), Ontario, P1P1V5

For sale

74 days ago

$2.60M

1317 North Muldrew Lake Road, Gravenhurst (Muskoka (S)), Ontario, P1P1V5

6 bd4 ba25 pk3,250 ft²Lot size 423 × 1236 ft (11.99 acres)

Listed by Coldwell Banker The Real Estate Centre

Investment analysis

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$449,900

Gravenhurst

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211 Bishop Street, Gravenhurst (Muskoka (S)) - Multi-family for Sale

211 Bishop Street, Gravenhurst (Muskoka (S)), Ontario, P1P1J5

5 beds4 baths6 parking66 × 132 ft (8,712 sq ft) lot sizeListed 177 days ago

Overview

This multi-family property in Gravenhurst is for sale.

Multi-Family Properties for Sale in Gravenhurst →All real estate in Gravenhurst →

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! (id:66096)

Property Details

MLS®: X13111888
Property Type: Multi-family
Zoning: RM-1
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 4
Parking: 6
Lot Size: 66 × 132 ft (8,712 sq ft)
Frontage: 66 ft
Storeys: 1
Basement: Unfinished, Partial
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Property Tax: $2,750/yr
Listed: 177 days ago

Rooms

Ground level

Kitchen: 3.1 x 2.9 meters

Second level

Bedroom: 2.73 x 2.85 meters
Bedroom 2: 3.23 x 2.82 meters
Bedroom 4: 5.33 x 2.62 meters

Main level

Bedroom 3: 2.74 x 2.51 meters
Kitchen: 1.89 x 2.87 meters
Living room: 4.35 x 3.47 meters
Kitchen: 1.49 x 2.87 meters
Living room: 2.36 x 3.22 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer
Foundation: Poured Concrete
Exterior: Vinyl siding
Lot Features: Dry, Level

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

177d

Gravenhurst (Muskoka (S)) listings, avg age

85d

List price

$450K

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.

Haho

This 5-bed multi-family in Gravenhurst (Muskoka (S)) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by EXIT REALTY TRUE NORTH · RYAN ALLARY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $449,900, about 6.2× the local median household income of $72,500.

Carrying it typically needs a household income of about $87,881 (20% down, 25-yr amortization, stress-tested) — roughly 21% above the area median.

Median household income: $72,500
Population: 11,083
Median age: 54
Owner / renter: 76% / 24%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P1P)

$449,900

For sale

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Full Cost Breakdown

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Down Payment5% · $22,495

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,096 capitalized)

Property tax (est.)$229/mo

Total monthly$2,599

Cash Needed to Close

Down payment (5%)$22,495

Land transfer tax$5,473

Est. closing costs$3,850

Total cash needed$31,818

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice