Turnkey 4-Plex Investment Opportunity Near Gull Lake Gravenhurst. Exceptional opportunity to own a purpose-built 4-plex just minutes from beautiful Gull Lake in the heart of Gravenhurst. Built in 2020, this well-maintained income property features 3 spacious 2-bedroom units and 1 bright wheel chair accessible 1-bedroom unit, each designed for modern, low-maintenance living. Each unit offers open-concept layouts, full kitchens, in-suite laundry, and private entrances. The building is separately metered for electricity allowing for tenant-paid heat, and includes ample parking for residents and guests. With strong rental demand in this sought-after Muskoka location, this property is ideal for investors seeking steady cash flow and long-term growth. Ask about the Rent Control Exemption for Newer Units (Post-November 15, 2018). Located in a quiet, established neighbourhood close to schools, parks, and downtown amenities. A rare investment gem just 5 years new and ready to generate returns from day one. Taxes for 2024 = $8,131.34
Address
321 David Street
List Price
$1,299,000
MLS® Status
Price Change
Expiration Date
2026-01-30
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
For Sale
Area
Gravenhurst
Sub-Area
Muskoka (S)
Region
Muskoka
Bedrooms
7
Bedrooms (Total)
7
Rooms Above Grade
18
Bathrooms
4
Floor Area
3500-5000 Sq. Ft.
Lot Depth
131.24
Lot Size Range (Acres)
.50 - 1.99
Lot Size Units
Feet
Lot Width
66.64
Parcel Number
481850082
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
BETHUNE/DAVID STREET
Approx. Age
0 - 5 Years
MLS® Number
X12318470
Listing Brokerage
ROYAL HERITAGE REALTY LTD.
Basement Area
None
Postal Code
P1P 1L9
Posession Details
FLEXIBLE
Parking Places (Total)
8
Parking Spaces
8
Tax Amount
$8,269.92
Tax Year
2025
Site Influences
Beach, Greenbelt/Conservation, Lake/Pond, Landscaped, Park, Privacy, School, Wooded/Treed, Year Round Living
Exterior Features
Landscaped, Privacy, Year Round Living
Interior Features
None
Property Features
Beach, Greenbelt/Conservation, Lake/Pond, Wooded/Treed, School, Park
Cable
Yes
Central Vacuum
No
Family Room
No
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Other
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
None
Construction Materials
Vinyl Siding
UFFI
No
Direction Faces
South
Fireplace
No
Foundation Details
Slab
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Other Structures
None
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 89EMR PL 3 GRAVENHURST; GRAVENHURST ; THE DISTRICT MUNICIPALITY OF MUSKOKA
Security Features
Carbon Monoxide Detectors, Smoke Detector
Topography
Dry, Flat
Water Source
None
View Type
City, Forest, Trees/Woods
Water View
Obstructive
Waterfront
No
Docking Type
Public
Waterfront
WaterfrontCommunity
Water Body Name
Gull Lake
Water Body Type
Lake
Sewer
Sewer
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