$2,599,999

For sale

1317 North Muldrew Lake Road, Gravenhurst (Muskoka (S)) - Multi-family for Sale

1317 North Muldrew Lake Road, Gravenhurst (Muskoka (S)), Ontario, P1P1V5

6 beds4 baths25 parking3,250 ft²423 × 1236 ft (11.99 acres) lot sizeListed 74 days ago

Overview

This multi-family property in Gravenhurst is for sale offering roughly 3,250 sq ft of space. It has been on the market 74 days, fresher than the Gravenhurst average of 85 days.

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Description

Welcome to 1317 North Muldrew Lake Road, an exceptional property offering approximately 17 acres of privacy, dramatic granite rock outcroppings, and breathtaking elevated views from every angle. Perched high above the surrounding landscape, this unique property combines space, versatility, efficiency, and the beauty of Muskoka living.Thoughtfully designed with two completely separate living areas under one roof, this property is ideal for extended family, multi-generational living, guests, or those looking for flexible living arrangements. Each residence features its own open-concept kitchen and living area, 3 bedrooms and 2 bathrooms, providing an impressive combined total of 6 bedrooms, 4 bathrooms and 2 full kitchens.Both living areas offer a convenient main-floor bedroom, with two additional bedrooms upstairs. One residence features main-floor laundry tucked neatly into a closet, while the second has laundry facilities located in the basement.Built with ICF construction, and designed with efficiency in mind, the home is economical to operate and features insulated interior walls for added comfort and sound reduction, along with heat pumped forced-air heating and air conditioning.Outdoor living is equally impressive. Enjoy expansive decking on both sides of the home, a welcoming porch connecting and separating the two dwellings, and a gazebo where you can relax and take in the spectacular surroundings. Natural granite rock formations throughout the property add to its rugged Muskoka character, while the elevated setting provides incredible scenery and a wonderful sense of privacy.A drilled well with an excellent gallons-per-minute (GPM) flow rate provides a strong water supply.With approximately 17 acres, two self-contained living spaces, impressive views and an efficient ICF build, 1317 North Muldrew Lake Road offers a rare opportunity to enjoy privacy and flexibility in a truly remarkable setting. (id:66096)

Property Details

MLS®: X13704188
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 4
Parking: 25
Interior Size: 3,250 ft²
Lot Size: 423 × 1236 ft (11.99 acres)
Frontage: 423 ft
Storeys: 1
Basement: Finished, Partially finished, Full, Partial, Separate entrance, Walk out, N/A, N/A, N/A
Heating: Heat Pump, Forced air, Electric, Propane
Cooling: Central air conditioning, Air exchanger
Garage: No Garage
Fireplace: Yes
Property Tax: $6,222/yr
Listed: 74 days ago

Rooms

Main level

Kitchen: 9.3 x 5.86 meters
Bedroom: 4.56 x 3.54 meters
Bathroom: 3.48 x 1.58 meters
Kitchen: 8.17 x 5.97 meters
Bedroom 4: 4.57 x 3.12 meters
Bathroom: 3.48 x 1.58 meters

Second level

Bedroom: 5.48 x 3.53 meters
Bedroom 2: 5.82 x 3.54 meters
Bedroom 3: 5.48 x 3.53 meters
Bathroom: 2.4 x 1.5 meters

Features

Appliances: Water purifier, Water Treatment, Water Heater
Foundation: Insulated Concrete Forms
Exterior: Hardboard
Lot Features: Hillside, Wooded area, Irregular lot size, Lighting, Mountain, Carpet Free, Gazebo, Guest Suite

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

74d

Gravenhurst (Muskoka (S)) listings, avg age

85d

Price / ft²

$800

List price

$2.60M

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 6-bed multi-family in Gravenhurst (Muskoka (S)) has been listed for 74 days, which is 11 days fresher than the city average of 85. Act while there is still low competition.

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Listed by Coldwell Banker The Real Estate Centre · TINA FREEBURN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $2,599,999, about 35.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $507,871 (20% down, 25-yr amortization, stress-tested) — roughly 601% 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)

$2,599,999· $800/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $519,999.80

Min 20%50%

Mortgage payment$11,088/mo

Property tax (est.)$519/mo

Total monthly$11,607

Cash Needed to Close

Down payment (20%)$520,000

Land transfer tax$51,475

Est. closing costs$10,300

Total cash needed$581,775

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