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$ 899,000
Est. payment /mo
New
280 Bishop ST Gravenhurst, ON P1P 1J6
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Muskoka (S)
MLS Listing ID X12213318
Style 2-Storey
Bedrooms 5
Annual Tax Amount $6,062
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Discover an exceptional investment opportunity with this fully renovated turnkey fourplex, ideally located in the heart of Gravenhurst. Extensively renovated in June 2021, this property offers three 1-bedroom units and one 2-bedroom unit, each thoughtfully modernized with in-suite laundry, full appliance packages, and separate utility meters. Tenants pay their own hydro, water, and gas (Unit 1 features electric heat), ensuring minimal owner expenses. All major systemsincluding furnace, A/C, and hot water tanks were replaced in 2021. Additional highlights include spray foam insulation, insulated siding, windows and doors, metal roof, and a paved parking lot, were also replaced/added in 2021. There is a full unfinished basement with a solid block foundation for extra storage. Situated just minutes from The Wharf, Lake Muskoka, and downtown Gravenhurst, this property is surrounded by popular attractions like boutique shopping, waterfront dining, the historic steamships, farmers' market, scenic trails, marinas, and cultural landmarks such as the Gravenhurst Opera House. Proximity to schools, parks, and Highway 11 further enhances tenant appeal, making this a high-demand rental location and a smart, stable investment just 1.5 hours from the GTA. With all capital improvements completed, strong rental demand, and minimal ongoing maintenance, 280 Bishop Street represents a truly hands-off assetmaking it a smart and secure addition to any investors portfolio.
Location
Province ON
County Muskoka
Community Muskoka (S)
Area Muskoka
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter, Water Heater Owned
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Metal
Lot Frontage 66.0
Lot Depth 132.0
Total Parking Spaces 6
Building
Foundation Concrete Block
Others
Virtual Tour https://www.winsold.com/tour/408597
Listed by REAL BROKER ONTARIO LTD.