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.
For sale
C$1,249,000
321 David St, Gravenhurst, ON P1P 1L9
7beds
4baths
Quadruplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Open-concept layoutFull kitchenIn-suite laundryPrivate entranceQuiet established neighbourhood
- 25 days |
- 34 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: February 02, 2026 at 02:36pm
Listed by:
ROYAL HERITAGE REALTY LTD.
Source: TRREB,MLS®#: X12748308
Originating MLS®#: Toronto Regional Real Estate Board
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- None
- Basement: None
- Has fireplace: No
Interior area
- Living area range: 3500-5000 null
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Available, Private, Assigned
Features
- Stories: 2
- Patio & porch: Porch
- Exterior features: Landscaped, Year Round Living, Privacy, Public Dock
- Pool features: None
- Has view: Yes
- View description: City, Forest, Trees/Woods
- Water view: Obstructive
- Waterfront features: WaterfrontCommunity, Lake
- Body of water: Gull Lake
Lot
- Size: 8,712 Square Feet
- Features: Beach, Arts Centre, Hospital, Greenbelt/Conservation, Lake/Pond, School
- Topography: Dry,Flat
Details
- Additional structures: None
- Parcel number: 481850082
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Gravenhurst
Financial & listing details
- Tax assessed value: C$603,000
- Annual tax amount: C$8,270
- Date on market: 2/2/2026
ROYAL HERITAGE REALTY LTD.
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Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: P1P
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.






