261 HOTCHKISS Street, Gravenhurst, ON
Property Highlights
Welcome to this remarkable Other detached located in the coveted neighborhood of Muskoka (S). Expertly crafted featuring premium vinyl siding construction, 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 with 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 66 x 132 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with other central cooling and highly efficient forced air heating via other
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.
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Property Summary
This detached home located at 261 HOTCHKISS Street, Gravenhurst is currently for sale and has been available on SousaSells for 0 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 1100-1500 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
- •1100-1500 sqft of generous functional square footage
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
- School
- Park
- Fenced Yard
- Arts Centre
Interior Features
- None
Security Features
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
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 across approximately 1100-1500 sqft.
Q.What property type and architectural style is 261 HOTCHKISS Street, Gravenhurst, ON ?
261 HOTCHKISS Street, Gravenhurst, ON is a Detached (Other) featuring a Finished basement.
Q.What key property features does 261 HOTCHKISS Street, Gravenhurst, ON offer?
Key property features include: School, Park, Fenced Yard, Arts Centre.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.What security features are installed at 261 HOTCHKISS Street, Gravenhurst, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Other and cooling via Other.
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Pricing & Value Insights
Data-driven valuation for 261 HOTCHKISS Street, Gravenhurst, ON P1P 1H7
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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.