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$ 559,000
Est. payment /mo
New
261 HOTCHKISS ST Gravenhurst, ON P1P 1H7
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Muskoka (S)
MLS Listing ID X13655162
Style Other
Bedrooms 5
Annual Tax Amount $2,414
Tax Year 2026
Property Sub-Type Detached
Appx SqFt 1100-1500
Property Description
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.
Location
Province ON
County Muskoka
Area Muskoka
Rooms
Family Room No
Basement Finished
Kitchen 3
Interior
Interior Features None
Cooling Other
Fireplace No
Heat Source Other
Exterior
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 66.0
Lot Depth 132.0
Total Parking Spaces 6
Building
Building Age 51-99
Unit Features School,Park,Fenced Yard,Arts Centre
Foundation Concrete Block
New Construction false
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
Listed by Re/Max Professionals North
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