For Sale: 261 Hotchkiss Street, Gravenhurst, ON - REW
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$559,000
5 bd • 3 ba • 1100 - 1499 sf • House
261 Hotchkiss Street
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$559,000
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261 Hotchkiss StreetGravenhurst, ON, P1P 1H7

  • 5 Bed
  • 3 Bath
  • 1100 - 1499 Sqft
  • House

About this home

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. (id:63626)
Listed by: HUGH NICHOLS, Broker, Re/Max Professionals North

Home facts and features

Price details
List Price
$559,000
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Gross Taxes for 2026
$2,414
Home facts
Bedrooms
5
Full Bathrooms
3
Parking Spaces
6
Parking Details
Detached Garage, Garage
Property Type
House
Depth
132 feet
Frontage
66.0 feet
Title
Freehold
Exterior Finish
Vinyl siding
Heating Type
Forced air, Other
Basement Details
Finished,
Features
Smoke Detectors
Appliances
Water meter
Agent details
Primary Agent
Primary Broker
Re/Max Professionals North
Secondary Agent
ANDREW FINNEGAN
Secondary Broker
Re/Max Professionals North
Listing details
Days on REW
2 Days
MLS® Number
X13655162
Source
Canadian Real Estate Association
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Property Insights

Gravenhurst Public School
  • Public
  • JK - 8
Gravenhurst High School
  • Public
  • 9 - 12
Muskoka Beechgrove Public School
  • Public
  • JK - 8
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Call Agent
Broker
HUGH NICHOLS
Phone:
(705) 687-2243
Cell:
705-394-6655
Office:
705-687-2243
Salesperson
ANDREW FINNEGAN
Office:
705-687-2243
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