321 David Street, Gravenhurst, ON For Sale

$1,199,000
MLS#:X12748308
7 beds
4 baths
3500-5000 sqft
8.0 parking
Residential Freehold

Description

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.

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Key Features

Bedrooms
7
Bathrooms
4
Kitchens
4
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 24, 2026
Sold price information is available to members only
Listed Date2/1/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeFourplex
ConstructionVinyl Siding
Lot Size66 × 132 Feet
CountyMuskoka
Annual Tax$8,270
Legal DescriptionLT 89EMR PL 3 GRAVENHURST; GRAVENHURST ; THE DISTRICT MUNICIPALITY OF MUSKOKA

Parking & Garage

Parking Spaces8.0
Garage Spaces8
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
Cooling["None"]

Features

Property Features

["Beach", "Arts Centre", "Hospital", "Greenbelt/Conservation", "Lake/Pond", "School"]

Community Features

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Property History

No historical data available for this property.

This could be the first listing for this address.

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