261 HOTCHKISS Street, Gravenhurst, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Muskoka (S). Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $559,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms
- Premium 66 x 132 ft lot size
- Convenient single detached garage included
- equipped with partial central cooling and highly efficient gas forced air closed heating
Description
TRIPLEX income property in central Gravenhurst! Charming home converted to three units with RM1 zoning on quiet street just 2 blocks from the downtown main street. Features include Unit 1) spacious 2-bedroom open concept Kitchen, dining and living room with bedroom on the main level and large bedroom and bathroom on second floor; Unit 2) a 2-bedroom unit with living room. kitchen, bathroom and a bedroom on the main level and a bedroom and den on the lower level; Unit 3) bachelor unit accessible from side deck. There is a detached garage, two driveways and large treelined yard. Steps from Parks, Lake Muskoka, Gull Lake, Beaches, Steamship Wharf, Downtown, Opera House, Library, Schools, YMCA and all the best of Muskoka Living. Net Operating Income $38,689 with a CAP Rate of 6.8% at list price. Over $30,000 in recent upgrades including some new flooring, showers and bathroom fixtures, appliances, painting, eavestroughs and tree removal. Buy as an investment property or move into one unit with income from the other two units or convert back to a family home with an accessory unit.
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Property Summary
This investment located at 261 HOTCHKISS Street, Gravenhurst is currently for sale and has been available on SousaSells for 96 days. This property is listed at $559,000 with an estimated mortgage of $1,861* per month. It has 5 beds, 3 bathrooms, and is unknown square feet. 261 HOTCHKISS Street, Gravenhurst is in the Muskoka (S) neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Muskoka (S), Gravenhurst.
- •5 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •Desirable Investment architecture in Muskoka (S), Gravenhurst
Growing families needing multi-bedroom flexibility and space in Muskoka (S), Gravenhurst.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- No
Community Features
- Recreation/Community Centre
Frequently Asked Questions about 261 HOTCHKISS Street, Gravenhurst, ON
Q.What is the asking price for 261 HOTCHKISS Street, Gravenhurst, ON ?
The current listing price for 261 HOTCHKISS Street, Gravenhurst, ON in Muskoka (S), Gravenhurst is $559,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 3 bathrooms.
Q.What property type and architectural style is 261 HOTCHKISS Street, Gravenhurst, ON ?
261 HOTCHKISS Street, Gravenhurst, ON is a Investment () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Recreation/Community Centre.
Q.What security features are installed at 261 HOTCHKISS Street, Gravenhurst, ON ?
Security features include: No.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Partial.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Muskoka (S), Gravenhurst
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 261 HOTCHKISS Street, Gravenhurst, ON P1P 1H7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Gravenhurst, ON
For a property listed at $559,000 in Gravenhurst, the legal minimum down payment is $30,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,655 for this transaction. As this listing is in Gravenhurst (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,655.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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