211 BISHOP STREET, Gravenhurst (Muskoka (S))

$449,900

For sale: Multiplex

Property type

Multi-family

Bedrooms / bathrooms

5 bedrooms, 4 bathrooms

Living area

2,500 sqft

MLS number

MLS® X13111888

Neighbourhood

Muskoka (S)

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!