1/8LT 46 PHILLIP STREET, Gravenhurst (Muskoka (S))
LT 46 PHILLIP STREET, Gravenhurst (Muskoka (S)), ON P1P1S6
$259,000 total
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Asset Class
Land
Size
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Building class
B
Zoning
AG — Agricultural
$ / SF
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Occupancy
85%
About this property
PRIME IN-TOWN DEVELOPMENT OPPORTUNITY! Previously three separate parcels, now successfully consolidated into ONE BUILDABLE PARCEL with a new PIN assigned-saving a developer time, cost, and administrative work. Zoned Residential Multiple One (RM-1) with potential for up to 5 dwelling units, subject to Town approval and buyer verification. Ideal for a multiplex, rental development, multi-generational housing, or senior co-housing/shared-living project. Located in the heart of Gravenhurst, steps to Gull Lake Park and close to downtown, shopping, and waterfront amenities. Municipal water and sewer available at the road. Property is located within the Gravenhurst Community Improvement Program (CIP) area and may qualify for various grants/incentives. Buyers are encouraged to check with the Town of Gravenhurst regarding zoning, permitted uses, servicing, grants, and development opportunities. VTB financing may be available for qualified buyers. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$12K
Annual cash flow
$-2K
Cash-on-cash
-2.47%
DSCR
0.87
Going-in cap
4.80%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
86,363
Households
32,754
Median income
$86,500
Median age
40
Daytime population
141,744
5-yr growth
4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for LT 46 PHILLIP STREET, Gravenhurst (Muskoka (S)).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.