211 BISHOP STREET, Gravenhurst, Ontario, P1P 1J5

$459,900

MLS® # X12566518

Investment For Sale In Gravenhurst, Ontario

$459,900

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Basement Development: Unfinished
  • Basement Type: Partial
  • Exterior Finish: Vinyl siding
  • Floor Space: 2000 - 2500 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Cooling Type: None
  • Appliances: Water meter, Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 4
  • Amenities Nearby: Schools
  • Community Features: Community Centre
  • Features: Dry, Level
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 132.0 Feet
  • Lot Frontage: 66.0 Feet
  • Lot Size: 66 x 132 FT
  • Structure Type: Porch
  • Utility Type: Sewer - Installed, Cable - Installed, Hydro - Installed
  • Zoning: RM-1
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 6

Rooms:

  • Bedroom 2nd Level 2.73 m x 2.85 m
  • 2nd Bedroom 2nd Level 3.23 m x 2.82 m
  • 4th Bedroom 2nd Level 5.33 m x 2.62 m
  • 3rd Bedroom Main Level 2.74 m x 2.51 m
  • Kitchen Main Level 1.89 m x 2.87 m
  • Living Main Level 4.35 m x 3.47 m
  • Kitchen Main Level 1.49 m x 2.87 m
  • Living Main Level 2.36 m x 3.22 m
  • Kitchen Ground Level 3.10 m x 2.90 m

Courtesy of: EXIT REALTY TRUE NORTH

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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