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$450K · 5 bed Fourplex · Muskoka (S), Gravenhurst | MyPropertyScout

$449,900

211 Bishop Street

54TenantOccupied

Map

⚡ Insider Deal

Below Market

$449,900

211 Bishop Street

Gravenhurst · Ontario P1P 1J5

MLS® X13111888 · Muskoka (S) · P1P 1J5

54TenantOccupied2000-2500 ft²FourplexNone$200/ft²Lot 66 x 132 ft$2,750 tax/yr

About this home

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 almost 7%. This property features: Three units in the main building: A spacious 2-bedroom unit and 2 well-appointed 1-bedroom units. A separate 1-bedroom unit offers added privacy and flexibility, with the potential to sever into two lots, creating future development or resale opportunities…

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Property details

MLS#: X13111888
Status: Buy Now
Beds: 5
Baths: 4 full, 0 half
Size: 2000-2500
Style: 1 1/2 Storey
Type: Fourplex
Year built: —

Roof: Asphalt Shingle
Foundation: Poured Concrete
Property features: Rec./Commun.Centre, Library, School

Garage: None
Garage spaces: 0
Parking: 6 total
Lot: 66 × 132
Heating: Baseboard
Heating fuel: Electric
Cooling: None
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Vinyl Siding · Porch, Year Round Living
Fronting on: South
Cross street: First St and Bishop St
Basement: Half, Unfinished
Stories: —
Utilities: —
Laundry: —
Interior: Accessory Apartment
Parking features: Private Double

Rooms

Level	Room	Dimensions
Ground	Kitchen	2.9m × 3.1m
Second	Bedroom	2.845m × 2.73m
Second	Bedroom 2	2.819m × 3.226m
Main	Bedroom 3	2.51m × 2.74m
Second	Bedroom 4	2.62m × 5.334m
Main	Kitchen	2.87m × 1.89m
Main	Living Room	3.47m × 4.35m
Main	Kitchen	2.87m × 1.49m
Main	Living Room	3.22m × 2.36m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: EXIT REALTY TRUE NORTH

Source: TRREB/PROPTX · MLS® X13111888

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$450K

211 Bishop Street · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $449,900✓ $2,750 tax✓ Electric✓ 2000-2500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,748/mo

incl. closing costs (yr 1)

Annual total

$44,973

year 1

Mortgage only

$1,707/mo

principal + interest

Beyond mortgage

$1,127/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$89,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$229/mo

Utilities

Hydro / electricity$293/mo

≈ $0.13/ft² × ~2,250 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,499/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$5,473

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)46% $20,481/yr

Property taxes18% $8,223/yr

Utilities11% $5,070/yr

Insurance & security4% $1,600/yr

Maintenance10% $4,499/yr

Closing costs11% $5,100/yr

Mortgage is 46% of your true cost of ownership. The other 54% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$20,481	$1,707/mo
Government & taxes
Property tax	$2,750	$229/mo
Land transfer tax(closing)	$5,473	$456/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$3,510	$293/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,499	$375/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$44,973	$3,748/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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211 Bishop Street

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs