For Sale - 261 HOTCHKISS Street, Gravenhurst, Ontario

Est payment $2,828/mo
Views   3
Time on Jump  67 day
  • Triplex property in central Gravenhurst, perfect for investment or personal use.
  • Three separate units provide flexible living or rental options.
  • Detached garage and two driveways for ample parking.
  • Large treelined yard and close proximity to parks and lakes.
  • Recent upgrades enhance value and reduce maintenance needs.



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 IDX13169332
Address261 HOTCHKISS Street
CityGravenhurst, Ontario
Price$589,000
Bed / Bath5 / 3 Full
StyleInvestment
Land Size0.2
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentCommunity Features Recreation/Community CentreBasement 1Heating / Cooling Gas Forced Air Closed
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Listing Agency:  Re/Max Professionals North

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261 Hotchkiss Street
Gravenhurst , Ontario
5 3 $589,000
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