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280 BISHOP STREET,

Property Overview - Fourplex For sale

Price$ 889 000On the Market20268 days
MLS® #X12213318TypeFourplex
Bedrooms5 BedBathrooms4 Bath
Postal CodeP1P1J6
Property SizeBuilding Size0

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.

Land Details

Size Frontage66
Size Depth132 ft
Lot size66 x 132 FT
Zoning DescriptionC-2

Building Details

TypeFourplex
Property TypeMulti-family
Bathrooms Total4
Bedrooms Above Ground5
Bedrooms Total5
Cooling TypeWall unit
Exterior FinishVinyl siding
Foundation TypeBlock
Heating FuelNatural gas
Heating TypeForced air
Utility WaterMunicipal water
View Property on Interactive MapDriving Directions (Google Maps)


This listing of a Multi-family property For sale is courtesy of TAYLOR MORGADO from REAL BROKER ONTARIO LTD.