$549,900
Available - For Sale
Listing ID: X12060068
211 Bishop Stre , Gravenhurst, P1P 1J5, Muskoka
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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 5.5%. This property features: Three units in the main building: A spacious 2-bedroom unit and 2 well-appointed 1-bedroom units along with a separate 1-bedroom unit, offering 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!
Price $549,900
Taxes: $2710.00
Assessment Year: 2024
Occupancy by: Tenant
Address: 211 Bishop Stre , Gravenhurst, P1P 1J5, Muskoka
Directions/Cross Streets: First St and Bishop St
Rooms: 16
Bedrooms: 5
Bedrooms +: 0
Family Room: F
Basement: Half, Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1 Ground Kitchen 10.17 9.51
Room 2 Second Bedroom 8.95 9.35
Room 3 Second Bedroom 2 10.59 9.25
Room 4 Main Bedroom 3 8.99 8.23
Room 5 Second Bedroom 4 17.48 8.59
Room 6 Main Kitchen 6.2 9.41
Room 7 Main Living Ro 14.27 11.38
Room 8 Main Kitchen 4.89 9.41
Room 9 Main Living Ro 7.74 10.56
Washroom Type No. of Pieces Level
Washroom Type 1 4 Main
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Total Area: 0.00
Property Type: Fourplex
Style: 1 1/2 Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: Private Do
Drive Parking Spaces: 6
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Approximatly Square Footage: 2000-2500
Property Features: Rec./Commun., Library
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
Schools

4 public & 2 Catholic schools serve this home. Of these, 3 have catchments.

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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $19,250 $38,500 $57,750 $77,000
First Mortgage $365,750 $346,500 $327,250 $308,000
CMHC/GE $14,630 $10,741.5 $9,163 $0
Total Financing $380,380 $357,241.5 $336,413 $308,000
Monthly P&I $1,877.11 $1,762.92 $1,660.14 $1,519.92
Expenses $0 $0 $0 $0
Total Payment $1,877.11 $1,762.92 $1,660.14 $1,519.92
Income Required $70,391.49 $66,109.58 $62,255.15 $56,997.16

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$949.95
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
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Sharon Soltanian
Broker Of Record
Dir:
416-892-0188
Bus:
416-901-8881
 
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At a Glance:
Type: Freehold - Fourplex
Area: Muskoka
Municipality: Gravenhurst
Neighbourhood: Muskoka (S)
Style: 1 1/2 Storey
Lot Size: x 132.00(Acres)
Approximate Age:
Tax: $2,710
Maintenance Fee: $0
Beds: 5
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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