$924,900

For sale

1439 Silver Lake Road, Gravenhurst (Muskoka (S)) - Single Family for Sale

1439 Silver Lake Road, Gravenhurst (Muskoka (S)), Ontario, P1P0G3

4 beds2 baths4 parking900 ft²135 × 169 ft (22,815 sq ft) lot sizeListed 22 days ago

Overview

This 4-bedroom, 2-bathroom home in Gravenhurst is for sale offering roughly 900 sq ft of space. It has been on the market 22 days, fresher than the Gravenhurst average of 85 days.

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Description

Silver Lake - Water's Edge Muskoka Cottage! Tastefully perched on a gorgeous granite outcropping, this updated 3-season retreat offers breathtaking, southeast lake views on rarely offered Silver Lake. Located just minutes from Gravenhurst and under 2 hours from the GTA, the property features 135 ft of natural granite shoreline on a 0.35-acre lot with deep water and a large floating dock for endless on-water fun. The bright, open-concept main floor features vaulted ceilings, an airtight wood stove for cozy evenings, a spacious living/dining area with a walkout to a full-width deck over the water, and a screened-in porch perfect for summer dining. Complete with an upgraded galley kitchen, 2 main-floor bedrooms, main-floor laundry, and an upgraded 4-piece bath. The lower level offers 2 additional spacious bedrooms with stunning lake views and a 2-piece bath. Additional highlights include a separate sleeping Bunkie, Ecoflo septic system, UV water filtration, and boating access into Gull Lake through the narrows. Seasonal municipal road access with potential for private winter maintenance. An excellent opportunity for a turn-key Muskoka cottage package on one of Muskoka's most desirable small lakes! (id:66096)

Property Details

MLS®: X14029166
Property Type: Single Family
Zoning: RW-6D
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 135 × 169 ft (22,815 sq ft)
Frontage: 135 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Partial
Heating: Baseboard heaters, Electric, Wood
Cooling: Window air conditioner
Garage: No Garage
Fireplace

Rooms

Main level

Living room: 7.14 x 3.56 meters
Kitchen: 3.66 x 2.52 meters
Bedroom: 3.05 x 2.41 meters
Bedroom 2: 3.05 x 1.91 meters
Bathroom: 3.02 x 1.5 meters
Other: 2.26 x 1.52 meters
Other: 4.6 x 3.96 meters
Sitting room: 2.49 x 2.21 meters

Lower level

Bathroom: 1.22 x 1.88 meters
Bedroom 3: 3.48 x 3.43 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Water Treatment, Water Heater
Foundation: Wood/Piers
Exterior: Vinyl siding
Lot Features: Hillside, Irregular lot size, Rocky

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Gravenhurst (Muskoka (S)) listings, avg age

85d

Price / ft²

$1,028

List price

$925K

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 4-bed single family in Gravenhurst (Muskoka (S)) has been listed for 22 days, which is 63 days fresher than the city average of 85. Act while there is still low competition.

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Listed by Royal LePage Lakes Of Muskoka Realty · KYLE VEITCH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $924,900, about 12.8× the local median household income of $72,500.

Carrying it typically needs a household income of about $180,665 (20% down, 25-yr amortization, stress-tested) — roughly 149% 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)

$924,900· $1,028/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.30% · $67,490

Min 7.30%50%

Mortgage payment$4,754/mo

↳ CMHC premium ($34,296 capitalized)

Property tax (est.)$332/mo

Total monthly$5,085

Cash Needed to Close

Down payment (7.30%)$67,490

Land transfer tax$14,973

Est. closing costs$5,275

Total cash needed$87,738

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