$579,000

For sale

1145 South Morrison Lake Road, Gravenhurst (Wood (Gravenhurst)) - Single Family for Sale

1145 South Morrison Lake Road, Gravenhurst (Wood (Gravenhurst)), Ontario, P0E1G0

3 beds1 bath3 parking1,750 ft²125 × 242 ft (30,250 sq ft) lot sizeListed 47 days ago

Overview

This 3-bedroom, 1-bathroom home in Gravenhurst is for sale offering roughly 1,750 sq ft of space. It has been on the market 47 days, fresher than the Gravenhurst average of 94 days.

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Description

Discover your Morrison Lake retreat at an accessible price point. This year round property is positioned on a corner lot offering surprising privacy in a forested setting - a rare find located on a sought after Muskoka lake known for exceptional fishing and quiet, unspoiled waters. Three bedrooms and one bathroom across a functional layout with a comfortable 3 season porch and front deck - perfect for morning coffee or evening unwinding. The single car detached garage offers great storage for a boat and lawn equipment, with additional storage sheds and two driveways on property - ideal for hosting family and guests. A shore road allowance sits between the cottage and Morrison Lake - municipally owned and unable to be closed - with a dock in place for swimming, fishing and enjoying the water. Buyers to conduct their own due diligence regarding shoreline rights. Never worry about a power outage with the Generac Guardian backup generator on site. Pavement right to the property makes year round access easy and convenient. The home functions well in its current configuration with opportunity to update and add value over time. Throughout the main floor and upstairs has had a facelift with wallpaper removal and freshly updated walls - updated pictures to follow imminently! Corner lot - Easy to show - book your showing today to see for yourself! (id:66096)

Property Details

MLS®: X13801682
Property Type: Single Family
Zoning: RR5
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 125 × 242 ft (30,250 sq ft)
Frontage: 125 ft
Storeys: 2
Basement: Crawl space
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Waterfront: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Bathroom: 1.83 x 2.35 meters
Bedroom: 2.29 x 3.17 meters
Eating area: 2.35 x 2.53 meters
Dining room: 3.57 x 3.35 meters
Family room: 4.6 x 6.98 meters
Foyer: 2.29 x 3.38 meters
Kitchen: 3.63 x 2.56 meters
Office: 3.14 x 2.29 meters
Office: 2.32 x 2.62 meters

Second level

Loft: 4.6 x 3.35 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave, Window Coverings
Foundation: Concrete
Exterior: Vinyl siding
Lot Features: Wooded area, Irregular lot size

Services

Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

47d

Gravenhurst (Wood (Gravenhurst)) listings, avg age

94d

Price / ft²

$331

List price

$579K

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 (Wood (Gravenhurst)) has been listed for 47 days, which is 47 days fresher than the city average of 94. Act while there is still low competition.

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Listed by Sotheby's International Realty Canada · DEVON REID

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0E)

This home lists at $579,000, about 7.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $113,099 (20% down, 25-yr amortization, stress-tested) — roughly 36% above the area median.

Median household income: $83,000
Population: 3,606
Median age: 54.4
Owner / renter: 94% / 6%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0E)

$579,000· $331/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment5.68% · $32,900

Min 5.68%50%

Mortgage payment$3,028/mo

↳ CMHC premium ($21,844 capitalized)

Property tax (est.)$158/mo

Total monthly$3,186

Cash Needed to Close

Down payment (5.68%)$32,900

Land transfer tax$8,055

Est. closing costs$4,237

Total cash needed$45,192

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