$1,249,000
Available - For Sale
Listing ID: X12748308
321 David Street , Gravenhurst, P1P 1L9, Muskoka
| Cash-Flow Positive Turnkey 4-Plex Investment Near Gull Lake, Gravenhurst. A rare, income-generating opportunity awaits just minutes from picturesque Gull Lake in the heart of Gravenhurst. This purpose-built 4-plex, constructed in 2020 & is fully tenanted with 100% occupancy and delivering positive cash flow from day one. An ideal choice for investors seeking immediate returns and long-term stability or owner lives in one of the units! Well maintained with stable and cooperative tenancy. Designed for modern, low-maintenance living, the property features three spacious 2-bedroom units and one bright, wheelchair-accessible 1-bedroom unit. Each unit offers an open-concept layout, a full kitchen, in-suite laundry, and a private entrance. The building is separately metered for electricity (tenant-paid heat) and provides eight (8) on-site parking spots for residents and guests. Located in a quiet, established neighbourhood close to schools, parks, and downtown amenities, this property benefits from strong rental demand in one of Muskoka's most desirable communities. Rent can be legally raised on any unit with 90 days notice using Form N2. This solid asset offers peace of mind and reliable returns. 2025 Taxes: $8,269.92. TURNKEY INVESTMENT WITH STRONG TENANT RELATIONS AND PRIDE OF OCCUPANCY THROUGHOUT THE BUILDING. |
| Price | $1,249,000 |
| Taxes: | $8270.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 321 David Street , Gravenhurst, P1P 1L9, Muskoka |
| Acreage: | .50-1.99 |
| Directions/Cross Streets: | BETHUNE/DAVID |
| Rooms: | 18 |
| Bedrooms: | 7 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | None |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 4 | Lower |
| Washroom Type 4 | 3 | Lower |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 4 | Main |
| Washroom Type 8 | 4 | Lower |
| Washroom Type 9 | 3 | Lower |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 0-5 |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Available, |
| Drive Parking Spaces: | 8 |
| Park #1 | |
| Parking Type: | Available, |
| Park #2 | |
| Parking Type: | Available |
| Park #3 | |
| Parking Type: | Private |
| Pool: | None |
| Other Structures: | None |
| Approximatly Age: | 0-5 |
| Approximatly Square Footage: | 3500-5000 |
| Property Features: | Beach, Arts Centre |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
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| ROYAL HERITAGE REALTY LTD. |
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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Muskoka |
| Municipality: | Gravenhurst |
| Neighbourhood: | Muskoka (S) |
| Style: | 2-Storey |
| Approximate Age: | 0-5 |
| Tax: | $8,270 |
| Beds: | 7 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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