For Sale

211 Bishop Street, Gravenhurst, Ontario P1P 1J5

$499,900

211 Bishop Street, Gravenhurst, Ontario P1P 1J5 is For Sale and has a listing price of 499,900. The property is located in the Gravenhurst . It's been on the website for 60 Days.

  • Fourplex
    Property Type
  • 5
    Bedrooms
  • 4
    Bathrooms
  • Parking
  • MLS ID: X12162196
  • Office Name EXIT REALTY TRUE NORTH
Property Description

Prime 4-Plex Investment Opportunity in the Heart of Gravenhurst! Located on a corner lot just steps from downtown Gravenhurst, this fully tenanted 4-plex offers exceptional income potential with a cap rate of 6%. This property features: Three units in the main building: A spacious 2-bedroom unit and 2 well-appointed 1-bedroom units along with a separate 1-bedroom unit, offering added privacy and flexibility, with the potential to sever into two lots, creating future development or resale opportunities. Coin-operated laundry is also onsite for additional income and ease. Situated just steps from local shopping, dining and amenities, this property is perfect for investors seeking a turnkey income generator with future growth potential. Don’t let this rare opportunity pass you by!

Property Details
  • Bedrooms: 5
  • MLS ID: X12162196
  • Bathrooms: 4
  • Price: $499,900
  • Lot Depth: 132
  • Transaction Types: For Sale
  • Ref ID: X12162196
  • Year Built: N/A
  • Approx Sqft: 2000-2500
  • Dir / Cross St: First St and Bishop St
  • Status: Active
  • Tax Year: 2024
  • Property Type: Fourplex
  • Property Type: All Houses
  • Property Sub Category: Fourplex
Price History
List Date MLS ID List Price Status End Date Closed Price
05/21/2025 X12162196 $499,900 For Sale - -
04/03/2025 X12060068 $549,900 Cancelled 05/21/2025 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Gravenhurst
  • $851,499 Average List Price
    based on 1 year
  • 22 New Listings
    based on 30 days
  • 74 Median Days on Market
    based on 1 year
  • List vs. Selling Price 169.02 % Up
  • Sold (12mo) 67
  • Rented (12mo) 30

  • 1 Month Change -86.8%
  • 3 Month Change -91.2%
  • 6 Month Change -89.4%
Walkscore
Additional Details
  • Heat Type Baseboard
  • Heat Source Electric
  • Style 1 1/2 Storey
  • Washroom Type1: 4
  • Garage Type Y
  • Parking Spaces: 6
  • Exterior Vinyl Siding
  • Kitchen 4
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Taxes: $2,710
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 21/05/2025 15:35:04
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