$499,500

For sale

#403 391 James Street West, Gravenhurst (Muskoka (S)) - Single Family for Sale

#403 391 James Street West, Gravenhurst (Muskoka (S)), Ontario, P1P0A5

2 beds2 baths1 parking950 ft²$725/mo condo feeListed 44 days ago

Overview

This 2-bedroom, 2-bathroom condo in Gravenhurst is for sale offering roughly 950 sq ft of space. Listed at $499,500, it is attractively priced about 12% below the $565,000 median asking price in Gravenhurst. It has been on the market 44 days, fresher than the Gravenhurst average of 85 days.

Condos for Sale in Gravenhurst →All real estate in Gravenhurst →

Description

It has been said that this is one of the nicest units in the building with its south facing views! Primary corner bedroom features large windows allowing light to flood the unit. Enjoy nature on your private balcony. Crown moulding, granite countertops, raised breakfast bar and a gas fireplace are a few of the amenities here. New cozy berber carpet grace the two bedrooms. Freshly painted though out, new taps in both bathrooms and Hunter Douglas blinds in bedrooms. Laundry is in the unit for convenience. Storage locker in on the same floor as the unit. Underground owned parking space for one car saves brushing off the snow! The building offers a common meeting/exercise room, secure entrance with intercom, elevator and is close to Lake Muskoka or uptown shopping. This upgraded unit has only had 2 owners since being built in 2008! (id:66096)

Property Details

MLS®: X13808786
Property Type: Single Family
Zoning: RM-2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Air exchanger
Garage: Garage, Underground, Inside Entry
Fireplace: Yes
Condo Fee: $725/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,398.91/yr

Rooms

Main level

Living room: 4.57 x 3.04 meters
Dining room
Kitchen: 2.59 x 2.54 meters
Primary Bedroom: 3.88 x 3.04 meters
Bedroom 2: 3.27 x 2.66 meters
Bathroom
Bathroom

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

Features

Appliances: Washer, Refrigerator, Intercom, Dishwasher, Stove, Dryer, Garage door opener remote(s), Water Heater - Tankless
Foundation: Insulated Concrete Forms
Exterior: Stone
Lot Features: Wooded area, Irregular lot size, Elevator, Balcony, Level

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Gravenhurst (Muskoka (S)) listings, avg age

85d

Price / ft²

$526

List price

$500K

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 (Muskoka (S)) has been listed for 44 days, which is 41 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 · WENDY CLELAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $499,500, about 6.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $97,570 (20% down, 25-yr amortization, stress-tested) — roughly 35% 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)

$499,500· $526/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,975

Min 5%50%

Mortgage payment$2,631/mo

↳ CMHC premium ($18,981 capitalized)

Property tax (est.)$283/mo

Condo fee$725/mo

Total monthly$3,639

Cash Needed to Close

Down payment (5%)$24,975

Land transfer tax$6,465

Est. closing costs$3,999

Total cash needed$35,439

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