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$649,000
Gravenhurst
1411 11 Highway South, Gravenhurst (Morrison), Ontario, P0E1G0
This 5-bedroom, 4-bathroom home in Gravenhurst is for sale offering roughly 2,750 sq ft of space. Listed at $649,000, it is attractively priced about 7% below the $699,900 median asking price in Gravenhurst. It has been on the market 55 days, fresher than the Gravenhurst average of 95 days.
One property. Three buildings. Endless possibilities. This unique property offers an exceptional combination of flexibility, income potential, and opportunity, all set on a thoughtfully landscaped lot, complimented by a parking area finished with crushed granite, surrounded by mature trees and striking Muskoka rock faces. Two standalone bungalows, both with electric heat, approximately 500 sq. ft. and 700 sq. ft., provide comfortable one-level living and can be used for rental income, guest accommodations, extended family, or dedicated work-from-home space. The third building features a legal residential apartment above, and a commercial unit below, both units with forced air propane heat and central air, offering even more versatility for a business, studio, office, retail space, or additional income. Enjoy a beautiful natural setting while still being conveniently located near the highway overpass for easy northbound and southbound access. Whether you're an investor, entrepreneur, multi-generational family, or buyer looking for multiple income opportunities, this property gives you the flexibility to make it work for you. Rarely does an opportunity with this much versatility come available. Come see this place for yourself! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 95 days across the listings currently for sale in this city
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.
This 5-bed single family in Gravenhurst (Morrison) has been listed for 55 days, which is 40 days fresher than the city average of 95. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $649,000, about 7.8× the local median household income of $83,000.
Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 53% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0E)
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Loading rates, 30-yr amortization
Cash Needed to Close
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