$520,000
Gravenhurst
635 First Street South, Gravenhurst (Muskoka (S)), Ontario, P1P1K1
This multi-family property in Gravenhurst is for sale offering roughly 1,750 sq ft of space. It has been on the market 57 days, fresher than the Gravenhurst average of 85 days.
Discover this fully legal duplex in the heart of Gravenhurst, now featuring significant recent improvements that enhance its appeal and value. In 2025, Unit A underwent a full renovation, including new drywall, updated flooring, updated windows, a modern kitchen with stainless steel appliances, and a renovated four piece bathroom. The property also received new vinyl siding throughout the exterior in 2025, with new shingles completed in August 2026, offering important peace of mind for years to come. Located just minutes from downtown Gravenhurst, Gull Lake, and Lake Muskoka, this well maintained property offers two self contained units, each with separate hydro and gas meters, private driveways with two car parking, individual fenced backyards, and separate laundry facilities. Unit A is vacant and ready for immediate occupancy and features three spacious bedrooms, an eat in kitchen, a generous living area and a detached garage. Unit B includes two bedrooms, a four piece bathroom, a full kitchen, a comfortable living room, separate laundry, and access to an unfinished basement providing ample storage. With extensive recent renovations, refreshed exterior finishes, new shingles, private outdoor spaces, separate utilities, and a desirable central location, this versatile duplex presents an excellent opportunity for investors, first time buyers, or those looking to offset their mortgage in one of Muskoka's most sought after communities. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 57 days on market, against an average age of 85 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 multi-family in Gravenhurst (Muskoka (S)) has been listed for 57 days, which is 28 days fresher than the city average of 85. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $520,000, about 7.2× the local median household income of $72,500.
Carrying it typically needs a household income of about $101,574 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1P)
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Loading rates, 30-yr amortization
Cash Needed to Close
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.