280 Bishop Street Gravenhurst (Muskoka (S)), Ontario P1P 1J6
$899,000
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. (id:55499)
Property Details
| MLS® Number | X12213318 |
| Property Type | Multi-family |
| Community Name | Muskoka (S) |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2500 - 3000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 132 Ft |
| Size Total Text | 66 X 132 Ft |
| Zoning Description | C-2 |
Utilities
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28453681/280-bishop-street-gravenhurst-muskoka-s-muskoka-s
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June 11 2025 07:54:34
Toronto Real Estate Board
Real Broker Ontario Ltd.