211 Bishop Street

Muskoka (S), Gravenhurst · MLS® X13111888

546

House · Multi-family · 166 days on market

listed by RYAN ALLARY, EXIT REALTY TRUE NORTH

realtor's 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!

property details

type: House, Multi-family
bedrooms: 5
bathrooms: 4
parking: 6
property tax: $2,750 / yr
days on market: 166
MLS®: X13111888

features

Dry
Level
Community Centre
Washer
Refrigerator
Water meter

monthly cost

$2,189/mo

Mortgage $1,960 · Tax $229

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,960/ monthly

loan $359,920

25-year amortization

down payment20% · $89,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $228,131
cash to close: $89,980; down payment; transfer tax and fees not included
total paid: $588,051

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.