Turnkey 4-Plex Investment Opportunity Near Gull Lake Gravenhurst. Exceptional opportunity to own a purpose-built 4-plex just minutes from beautiful Gull Lake in the heart of Gravenhurst. Built in 2020, this well-maintained income property features 3 spacious 2-bedroom units and 1 bright wheel chair accessible 1-bedroom unit, each designed for modern, low-maintenance living. Each unit offers open-concept layouts, full kitchens, in-suite laundry, and private entrances. The building is separately metered for electricity allowing for tenant-paid heat, and includes ample parking for residents and guests. With strong rental demand in this sought-after Muskoka location, this property is ideal for investors seeking steady cash flow and long-term growth. Ask about the Rent Control Exemption for Newer Units (Post-November 15, 2018). Located in a quiet, established neighbourhood close to schools, parks, and downtown amenities. A rare investment gem just 5 years new and ready to generate returns from day one. Taxes for 2024 = $8,131.34
For sale
C$1,350,000
321 David St, Gravenhurst, ON P1P 1L9
7beds
4baths
Quadruplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Open-concept layoutsFull kitchensIn-suite laundryPrivate entrances
- 2 days
- on Zillow |
- 8 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: August 02, 2025 at 09:08am
Listed by:
ROYAL HERITAGE REALTY LTD.
Source: TRREB,MLS®#: X12318470
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
Features
- Stories: 2
- Exterior features: Landscaped, Privacy, Year Round Living, 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: 8,745.83 Square Feet
- Features: Beach, Greenbelt/Conservation, Lake/Pond, Wooded/Treed, School, Park
- 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
- Water: None
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$8,269
- Date on market: 7/31/2025
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