Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Type: None
Exterior Finish: Vinyl siding
Fire Protection: Smoke Detectors
Floor Space: 3500 - 5000 sqft
Foundation Type:
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: None
Appliances: Water meter, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 7
Bathrooms: 4
Access Type:
Amenities Nearby: Hospital, Schools
Features: Flat site, Conservation/green belt, Dry
Floor Space (approx): 3500 - 5000 Square Feet
Irregular: Yes
Landscape Features: Landscaped
Lot Depth: 132 Feet
Lot Frontage: 66 Feet
Lot Size: 66 x 132 FT
Soil Type: Mixed soil
Structure Type: Porch
Surface Water:
View Type: City view
Zoning: RM-1
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 8

Courtesy of: ROYAL HERITAGE REALTY LTD.

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Demographic Information of 321 DAVID STREET, Gravenhurst, Ontario, P1P 1L9

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$77,709.74

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.53 %

High school certificate or equivalent

35.34 %

Apprenticeship trade certificate/diploma

5.96 %

College/non-university certificate

24.9 %

University certificate (below bachelor)

0.26 %

University Degree

7.01 %

Commuter

Travel To Work

By Car

79.86 %

By Public Transit

0.0 %

By Walking

16.7 %

By Bicycle

0.0 %

By Other Methods

3.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.68 %

Houses

69.32 %

321 DAVID STREET, Gravenhurst, Ontario, P1P 1L9