5 Bedroom
3 Bathroom
1,100 - 1,500 ft2
Forced Air
$559,000
NEW PRICE!!! 261 Hotchkiss Street, a fantastic opportunity to own a well-maintained triplex in one of Gravenhurst's most convenient locations. Whether you're an investor looking to expand your portfolio, a first-time buyer hoping to offset your mortgage with rental income, or someone searching for a property with future flexibility, this one deserves a closer look. Situated on a quiet, tree-lined street just two blocks from downtown, this RM1-zoned property features three self-contained units. The front unit offers a spacious 2-bedroom unit with an open-concept kitchen, dining and living area, creating a bright and functional space. The second unit includes a second 2-bedroom unit with an additional den, ideal for a home office or extra storage. Completing the property is a bachelor suite with its own private entrance, providing another valuable source of rental income. The large in-town lot offers plenty of outdoor space, while two separate driveways and a detached garage provide ample parking for tenants or future owners. Over $30,000 has been invested in recent improvements, including updated flooring, bathroom renovations, paint, appliances, eavestroughs, and tree removal, allowing the next owner to purchase with confidence. Beyond its current use as a triplex, this property also offers future potential. It could be converted back into a spacious single-family home with an accessory apartment, making it an excellent long-term investment. Enjoy being within walking distance of downtown Gravenhurst's shops, restaurants, schools, YMCA, library, parks, the Opera House, the Muskoka Wharf, Lake Muskoka, and Gull Lake. With its desirable location, strong income potential, recent updates, and flexible layout, 261 Hotchkiss Street is a rare opportunity to own a property that can generate income today while offering endless possibilities for tomorrow. (id:50976)
Property Details
|
MLS® Number
|
X13655162 |
|
Property Type
|
Single Family |
|
Community Name
|
Muskoka (S) |
|
Amenities Near By
|
Schools, Park |
|
Parking Space Total
|
6 |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Total
|
5 |
|
Age
|
51 To 99 Years |
|
Appliances
|
Water Meter |
|
Basement Development
|
Finished |
|
Basement Type
|
N/a (finished) |
|
Construction Style Attachment
|
Detached |
|
Exterior Finish
|
Vinyl Siding |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Other |
|
Heating Type
|
Forced Air |
|
Size Interior
|
1,100 - 1,500 Ft2 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Fence Type
|
Fenced Yard |
|
Land Amenities
|
Schools, Park |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
132 Ft |
|
Size Frontage
|
66 Ft |
|
Size Irregular
|
66 X 132 Ft |
|
Size Total Text
|
66 X 132 Ft|under 1/2 Acre |
|
Zoning Description
|
Rm1 |
https://www.realtor.ca/real-estate/30133482/261-hotchkiss-street-gravenhurst-muskoka-s-muskoka-s
