321 David Street
Gravenhurst (Muskoka, S), ON P1P 1L9
- 7Bedrooms
- 4Bathrooms
- 8Parking
- 3500–5000Sq Ft
- $8,270Tax
- 66×132 ftLot Size
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About 321 David Street, Gravenhurst, Muskoka (S)
Summarized Description
- Investment opportunity near Gull Lake, Gravenhurst.
- 100% occupancy with positive cash flow from day one.
- Three 2-bedroom units and one 1-bedroom unit.
- Designed for low-maintenance living.
- Located in a desirable neighborhood with amenities.
- Turnkey investment with strong tenant relations.
- Legally adjustable rent with notice.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $8,270
- Land Transfer Tax Fee
- $20,455
Rental Items
- Under Contract
- None
- Basement Type
- None
Interior Features
- Laundry Level
- Main Level
- Interior Extras
- None
- View
- City, Forest, Trees/Woods
- Security Features
- Carbon Monoxide Detectors, Smoke Detector
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Exterior Extras
- Landscaped, Porch, Year Round Living, Privacy
- Pool
- None
- Property Features
- Beach, Arts Centre, Hospital, Greenbelt/Conservation, Lake/Pond, School
- Other Structures
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
- Approx Age
- 0-5
Construction
- Exterior Finish
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Slab
- Special Designation
- Unknown
Lot
- Lot Front
- 66.00 ft
- Lot Depth
- 132.00 ft
Inclusions
- Inclusions
- 4 fridges/4 stoves/4 washers/4 dryers/4 hot water tanks; 3, 2 bedroom and 1 wheel chair accessible bedroom unit
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 8
- Total Garage And Parking Spaces
- 8
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Baseboard
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 7
- Washrooms
- 4
- Kitchens
- 4
Washrooms
- 4-piece, Main
- 4-piece, Main
- 4-piece, Lower
- 3-piece, Lower
- Municipality
- Gravenhurst
- Neighbourhood
- Muskoka (S)
- Main cross streets
- BETHUNE/DAVID
- Zoning
- RM-1
- Directions
- From HWY 11 NB: Merge left onto Muskoka Rad South. Turn right onto Bethune Drive. Turn right onto David Street. Number 321 on right side of road
- Waterfront
- WaterfrontCommunity
- MLS® number
- X12748308
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-04-24
- Listed on
- 2026-02-01
- Days on market
- 82 days
- Possession type
- Flexible
- Co-op commission
- 2.5
- Seller
- Listed by
- ROYAL HERITAGE REALTY LTD.
Home Market Value
Current home valuation for 321 David Street, Gravenhurst, Muskoka (S), Gravenhurst, ON. Listed for $1,199,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 321 David 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 $699,000 over $500K
$94,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $44,123 | $33,452 | $28,536 | $0 |
=Total mortgage | $1,147,203 | $1,112,552 | $1,047,686 | $959,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $5,601monthly | $5,432monthly | $5,115monthly | $4,683monthly |
Land Transfer Tax
$20,455
$20,455
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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