$735,000

For saleJust listed

1003 North Shore Rd Road, Gravenhurst (Muskoka (S)) - Single Family for Sale

1003 North Shore Rd Road, Gravenhurst (Muskoka (S)), Ontario, P1P1R1

3 beds1 bath10 parking350 ft²159 × 418 ft (1.52 acres) lot sizeListed Today

Overview

This 3-bedroom, 1-bathroom home in Gravenhurst is for sale offering roughly 350 sq ft of space. Listed at $735,000, it is attractively priced about 5% below the $769,900 median asking price in Gravenhurst. It has been on the market 0 days, fresher than the Gravenhurst average of 86 days.

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Description

Live and work on this pretty 1.8 acre corner lot filled with mature coniferous and deciduous trees and rock outcroppings. This acreage is Zoned Commercial C2-A with a Residential dwelling allowed because a house exists. This corner lot faces Bethune allowing for great commercial signage exposure. Only 2 minutes to HWY 11 for commuting. Present family dwelling is being sold as is where is ... house needs renovating - has 3 bedrooms, open concept kitchen living room with newer Napolean gas fireplace for heating the entire house, 4 pc bathroom, sliding doors from living room lead to a back deck and lower patio area surrounded in perennials (needs work to be brought back to its former glory). The lower patio off the living room once housed a hot tub. The large master bedroom has french doors overlooking deck and side yard. This zoning allows for the house to be renovated to bring back to its former glory or tear down and rebuild within 3 years. North Shore Rd is an access road for cottages on Gull Lake. Historically the OFSCD trail follows a section of this road. Some Commercial permitted uses are bed and breakfast, building supplies outlet, commercial entertainment, commercial parking facility, garden centre, funeral home, body shop, dealership, nursing home, religious institution, restaurant and more (see attachment for Permitted Uses print out from Town of Gravenhurst Zoning By-law). Easy to book and show. (id:66096)

Property Details

MLS®: X14155580
Property Type: Single Family
Zoning: C2-A
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 10
Interior Size: 350 ft²
Lot Size: 159 × 418 ft (1.52 acres)
Frontage: 159 ft
Storeys: 1
Basement: Crawl space, None
Heating: Propane, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Ground level

Bedroom 3: 2.46 x 3.05 meters
Bedroom 2: 3.23 x 2.21 meters
Kitchen: 3.05 x 3.66 meters
Living room: 4.27 x 4.04 meters
Primary Bedroom: 4.04 x 2.95 meters
Mud room: 1.8 x 2.34 meters

Second level

Exercise room: 2.72 x 5.89 meters
Bathroom: 1.35 x 3.05 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Water Heater
Flooring: Hardwood, Laminate, Ceramic
Foundation: Block, Poured Concrete, Wood/Piers
Exterior: Vinyl siding
Lot Features: Wooded area, Irregular lot size, Rocky, Partially cleared, Open space, Flat site, Hilly, Carpet Free

Services

Water: Dug Well
Sewer: Septic System
Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Gravenhurst (Muskoka (S)) listings, avg age

86d

Price / ft²

$2,103

List price

$735K

Homes here sell below asking price

Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Gravenhurst (Muskoka (S)) has been listed for 0 days, which is 86 days fresher than the city average of 86. Act while there is still low competition.

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Listed by RE/MAX CROSSTOWN REALTY INC. · WENDY LEE HILL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $735,000, about 10.1× the local median household income of $72,500.

Carrying it typically needs a household income of about $143,571 (20% down, 25-yr amortization, stress-tested) — roughly 98% above the area median.

Median household income: $72,500
Population: 11,083
Median age: 54
Owner / renter: 76% / 24%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P1P)

$735,000· $2,103/ft²

For sale

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Full Cost Breakdown

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Down Payment6.60% · $48,500

Min 6.60%50%

Mortgage payment$3,806/mo

↳ CMHC premium ($27,460 capitalized)

Property tax (est.)$128/mo

Total monthly$3,934

Cash Needed to Close

Down payment (6.60%)$48,500

Land transfer tax$11,175

Est. closing costs$4,705

Total cash needed$64,380

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