$ 589,000
-
$589,000
Price -
5
Bed -
3
Bath -
1,628
SqFt
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About the Listing 549105 -
TRIPLEX income property in central Gravenhurst! Charming home converted to three units with RM1 zoning on quiet street just 2 blocks from the downtown main street. Features include Unit 1) spacious 2-bedroom open concept Kitchen, dining and living room with bedroom on the main level and large bedroom and bathroom on second floor; Unit 2) a 2-bedroom unit with living room. kitchen, bathroom and a bedroom on the main level and a bedroom and den on the lower level; Unit 3) bachelor unit accessible from side deck. There is a detached garage, two driveways and large treelined yard. Steps from Parks, Lake Muskoka, Gull Lake, Beaches, Steamship Wharf, Downtown, Opera House, Library, Schools, YMCA and all the best of Muskoka Living. Net Operating Income $38,689 with a CAP Rate of 6.8% at list price. Over $30,000 in recent upgrades including some new flooring, showers and bathroom fixtures, appliances, painting, eavestroughs and tree removal. Buy as an investment property or move into one unit with income from the other two units or convert back to a family home with an accessory unit.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Commercial Sale
MLS ®
X13169332
Year Built
Total Square Footage
1,628
Lot/Acreage
0.2
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Partial
- Heating: Gas Forced Air Closed
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Single Detached,No Garage
Financial Details
- Tax Amount: $2,414
- Taxes w/Assessments: N/A
- Tax/Property ID: 481910136
- Tax Year: 2026
Payment Calculator
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Questions About..
261 Hotchkiss St Gravenhurst, ON P1P 1H7
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