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.
Address
261 Hotchkiss Street
List Price
$559,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Other
Transaction Type
Sale
Area
Gravenhurst
Sub-Area
Muskoka (S)
Region
Muskoka
Bedrooms
5
Bedrooms (Total)
5
Rooms Above Grade
14
Bathrooms
3
Floor Area
1100-1500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
132
Lot Shape
Rectangular
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
66
Parcel Number
481910136
Occupant Type
Tenant
Cross Street
In Gravenhurst Muskoka Rd. S. to Hotchkiss St. go west 2 blocks to 261 on the southside.
Approx. Age
51 - 99 Years
MLS® Number
X13655162
Listing Brokerage
Re/Max Professionals North
Basement Area
Finished
Postal Code
P1P 1H7
Posession Details
Flexible
Parking Places (Total)
6
Parking Spaces
5
Tax Amount
$2,414.00
Tax Year
2026
Site Influences
Arts Centre, Fenced Yard, Park, School
Interior Features
None
Property Features
School, Park, Fenced Yard, Arts Centre
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Source
Other
Heat Type
Forced Air
Cooling Features
Other
New Construction
No
Construction Materials
Vinyl Siding
UFFI
No
Direction Faces
South
Fireplace
No
Foundation Details
Concrete Block
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 6 S/S HOTCHKISS ST. PL 8 GRAVENHURST, GRAVENHURST; THE DISTRICT MUNICIPALITY OF MUSKOKA
Security Features
Carbon Monoxide Detectors, Smoke Detector
Waterfront
No
Sewer
Sewer
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