280 Bishop Street
Gravenhurst (Muskoka, S), ON P1P 1J6
- 5Bedrooms
- 4Bathrooms
- 6Parking
- 2500–3000Sq Ft
- $6,063Tax
- 66×132 ftLot Size
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About 280 Bishop Street, Gravenhurst, Muskoka (S)
Discover an exceptional investment opportunity with this fully renovated turnkey fourplex, ideally located in the heart of Gravenhurst. Extensively renovated in June 2021, this property offers three 1-bedroom units and one 2-bedroom unit, each thoughtfully modernized with in-suite laundry, full appliance packages, and separate utility meters. Tenants pay their own hydro, water, and gas (Unit 1 features electric heat), ensuring minimal owner expenses. All major systemsincluding furnace, A/C, and hot water tanks were replaced in 2021. Additional highlights include spray foam insulation, insulated siding, windows and doors, metal roof, and a paved parking lot, were also replaced/added in 2021. There is a full unfinished basement with a solid block foundation for extra storage. Situated just minutes from The Wharf, Lake Muskoka, and downtown Gravenhurst, this property is surrounded by popular attractions like boutique shopping, waterfront dining, the historic steamships, farmers' market, scenic trails, marinas, and cultural landmarks such as the Gravenhurst Opera House. Proximity to schools, parks, and Highway 11 further enhances tenant appeal, making this a high-demand rental location and a smart, stable investment just 1.5 hours from the GTA. With all capital improvements completed, strong rental demand, and minimal ongoing maintenance, 280 Bishop Street represents a truly hands-off assetmaking it a smart and secure addition to any investors portfolio.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $6,063
- Land Transfer Tax Fee
- $14,255
- Basement Type
- Unfinished
Interior Features
- Interior Extras
- Separate Hydro Meter, Water Heater Owned
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Vinyl Siding
- Roof
- Metal
- Foundation Details
- Concrete Block
- Special Designation
- Unknown
Lot
- Lot Front
- 66.00 ft
- Lot Depth
- 132.00 ft
- Lot Size
- 0.2
Inclusions
- Inclusions
- 4 fridges, 4 stoves, 4 dishwashers, 4 washers, 4 dryers, 4 HWT's (owned)
Exclusions
- Exclusions
- All tenant belongings.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 6
- Parking Spaces
- 6
- Total Garage And Parking Spaces
- 6
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Wall Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Hydro
- Yes
- Bedrooms
- 5
- Washrooms
- 4
- Kitchens
- 4
Washrooms
- 4-piece
- Municipality
- Gravenhurst
- Neighbourhood
- Muskoka (S)
- Main cross streets
- Bethune Dr S & Bishop St
- Zoning
- C-2
- Directions
- Muskoka District Rd Exit 169 off Hwy 11. Follow Bethune Dr S/Muskoka District Road 169 to Bishop St
- MLS® number
- X12213318
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-08-08
- Listed on
- 2025-06-11
- Days on market
- 58 days
- Possession type
- Flexible
- Co-op commission
- 2.5
- Seller
- Listed by
- REAL BROKER ONTARIO LTD.
Home Market Value
Current home valuation for 280 Bishop Street, Gravenhurst, Muskoka (S), Gravenhurst, ON. Listed for $889,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 280 Bishop Street, Gravenhurst, Muskoka (S)
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $389,000 over $500K
$63,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $33,000 | $24,803 | $21,158 | $0 |
=Total mortgage | $857,992 | $824,903 | $776,808 | $711,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,189monthly | $4,028monthly | $3,793monthly | $3,472monthly |
Land Transfer Tax
$14,255
$14,255
Around this home
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