321 David Street

Nestled in the charming town of Gravenhurst, this exceptional property at 321 David Street, Gravenhurst, presents a unique opportunity for savvy investors. This Multi-Family Home for sale in Gravenhurst is a purpose-built multiplex that promises not only immediate returns but also long-term stability. Constructed in 2020, this building boasts a modern design and has been meticulously maintained, ensuring that it remains a cash-flow positive investment from day one.

The property features a total of 18 rooms, including an impressive seven bedrooms and four bathrooms, making it ideal for families or groups seeking spacious living arrangements. The layout comprises three generously sized two-bedroom units and one bright, wheelchair-accessible one-bedroom unit, each designed with an open-concept style that enhances the flow of natural light throughout the space. Each unit is equipped with its own full kitchen, allowing for convenience and privacy, as well as in-suite laundry facilities for added comfort.

Located at 321 David Street, Gravenhurst, this Multi-Family Home for sale in Gravenhurst is perfectly situated in a quiet and established neighbourhood. The property is just minutes away from the picturesque Gull Lake, providing residents with easy access to outdoor recreational activities. The surrounding area is well-served by local schools, parks, and various downtown amenities, which significantly boosts the rental demand in this desirable community of Muskoka.

The building is separately metered for electricity, with tenants responsible for their own heating costs, which is a significant advantage for landlords. Additionally, the property offers eight on-site parking spaces, ensuring that residents and their guests have ample parking available. With no garage space and no central vacuum system, the property maintains a straightforward and low-maintenance appeal, perfect for those looking to invest without the hassle of extensive upkeep.

One of the standout features of this Multi-Family Home for sale in Gravenhurst is its stable and cooperative tenancy. With 100% occupancy, the property has established strong tenant relations, providing peace of mind for investors. The current rental agreements allow for legal rent increases with a 90-day notice using Form N2, giving investors the opportunity to enhance their returns over time.

The property is unfurnished, allowing new owners the flexibility to furnish the units according to their preferences. The absence of air conditioning and a swimming pool may be seen as limitations; however, the building's modern construction and design compensate for these features, ensuring a comfortable living environment. The heating is provided by a baseboard system, which is efficient and effective for the climate.

Situated on a generous lot measuring 66 x 132 feet, with additional land of 0.50 to 1.99 acres, this Multi-Family Home for sale in Gravenhurst offers plenty of outdoor space for potential landscaping or recreational use. The private, reserved driveway adds to the convenience of this property, making it an attractive option for both tenants and investors alike.

In summary, 321 David Street, Gravenhurst, presents a rare opportunity to acquire a well-maintained, income-generating property in one of Muskoka's most sought-after communities. With its strong cash flow, excellent tenant relations, and prime location, this Multi-Family Home for sale in Gravenhurst is a solid investment choice. The projected taxes for 2025 are estimated at $8,269.92, further underscoring the financial viability of this property. Don't miss out on this fantastic investment opportunity in Gravenhurst!

Muskoka (S) is a charming and picturesque area within the city of Gravenhurst, nestled in the heart of Ontario's renowned Muskoka region. This scenic locale is characterised by its stunning natural beauty, featuring tranquil lakes, lush forests, and rolling hills, making it an ideal retreat for nature enthusiasts and those seeking a peaceful lifestyle. The community boasts a welcoming atmosphere, with a blend of quaint shops, local eateries, and recreational opportunities, including boating, hiking, and winter sports. Its close-knit feel, combined with the allure of the surrounding landscapes, offers a perfect balance of serenity and adventure, making Muskoka (S) an appealing choice for those looking to embrace a relaxed yet vibrant way of life.

Schools in the Neighbourhood

The property is conveniently located near two educational institutions, making it an ideal choice for families. Gravenhurst Public School, situated just 0.7 km away at 301 Mary St S, caters to students from Junior Kindergarten to Grade 8 and operates under the Trillium Lakelands District School Board. This public school provides education in English, ensuring a solid foundational learning experience for younger children. Additionally, Gravenhurst High School is only 0.6 km from the property at 325 Mary St S, serving students from Grade 9 to Grade 12. Also part of the Trillium Lakelands District School Board, this public high school continues the English language education, preparing students for their future endeavors. While both schools currently have a school rating of 0, their proximity to the property and the comprehensive educational offerings make them accessible options for families looking to settle in the area. With such close access to quality education, potential buyers can feel confident in the educational opportunities available for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 530 residents and an average household size of 2.1. The average age of residents is approximately 39.8 years, indicating a mature population. The average household income stands at $62,400, but a significant portion, 31.6%, falls within the low-income bracket. The housing market shows an average property price of $530,000, with 62% of households being renters and only 4% living in condominiums. Notably, 62.5% of the population is single, while households with children account for about 25.93%. The community has a modest immigrant presence at 5.41%, and educational attainment is reflected in 32.26% of residents holding a college or university degree. However, a substantial 40.86% of the population is not in the labor force, which may impact economic activity in the area. Overall, this demographic snapshot highlights a diverse community with a mix of family structures, income levels, and educational backgrounds, set against a backdrop of a competitive housing market.