$649,000

For sale

8 ISLAND 1RL Island, Gravenhurst (Ryde) - Single Family for Sale

8 ISLAND 1RL Island, Gravenhurst (Ryde), Ontario, P1P1R3

2 beds1 bath0 parking900 ft²125 × 370 ft (1.06 acres) lot sizeListed 19 days ago

Overview

This 2-bedroom, 1-bathroom home in Gravenhurst is for sale offering roughly 900 sq ft of space. Listed at $649,000, it is attractively priced about 40% below the $1,088,000 median asking price in Gravenhurst. It has been on the market 19 days, fresher than the Gravenhurst average of 73 days.

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Description

Discover your ideal Muskoka getaway on Riley Lake! Set on 1.265 private acres with 125 feet of shoreline, this turn-key, partially winterized island retreat comes fully furnished and ready for making memories.Just a short, scenic boat ride from the free government dock and parking (with zero mooring fees!), the main cottage features 2 bedrooms, a 3-piece bath, and an airy, open-concept layout. Relax by the wood stove under beautiful cathedral ceilings, or step through dual walkouts onto a sweeping wrap-around deck with spectacular lake views.The property is fully equipped for hosting and hobbies, complete with a furnished guest bunkie, a workshop, two storage sheds, and your own private dock. Drop your bags and start unwinding! (id:66096)

Property Details

MLS®: X14085296
Property Type: Single Family
Zoning: Single Family Detached
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 900 ft²
Lot Size: 125 × 370 ft (1.06 acres)
Frontage: 125 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Wood, Other
Cooling: Window air conditioner
Garage: No Garage, Shared
Fireplace: Yes
Waterfront

Rooms

Main level

Living room: 7.62 x 3.66 meters
Kitchen: 4.27 x 3.66 meters
Bedroom: 2.44 x 2.44 meters
Bedroom: 2.44 x 2.44 meters
Bathroom: 1.52 x 2.13 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove, Microwave, Furniture
Foundation: Block
Exterior: Vinyl siding
Lot Features: Irregular lot size, Sloping, Partially cleared

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

19d

Gravenhurst (Ryde) listings, avg age

73d

Price / ft²

$721

List price

$649K

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 2-bed single family in Gravenhurst (Ryde) has been listed for 19 days, which is 54 days fresher than the city average of 73. Act while there is still low competition.

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Listed by COLDWELL BANKER THE REAL ESTATE CENTRE · JASON PHILLIP SCHLEGEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $649,000, about 9.0× the local median household income of $72,500.

Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 75% 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)

$649,000· $721/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,900

Min 6.15%50%

Mortgage payment$3,377/mo

↳ CMHC premium ($24,364 capitalized)

Property tax (est.)$282/mo

Total monthly$3,658

Cash Needed to Close

Down payment (6.15%)$39,900

Land transfer tax$9,455

Est. closing costs$4,447

Total cash needed$53,802

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