$888,000

For sale

#502 120 Carrick Trail, Gravenhurst (Muskoka (S)) - Single Family for Sale

#502 120 Carrick Trail, Gravenhurst (Muskoka (S)), Ontario, P1P0A6

2 beds2 baths1 parking850 ft²$715/mo condo feeListed 34 days ago

Overview

This 2-bedroom, 2-bathroom condo in Gravenhurst is for sale offering roughly 850 sq ft of space. It has been on the market 34 days, fresher than the Gravenhurst average of 85 days.

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

Description

Rare opportunity to own one of only four penthouse residences at Muskoka Bay Resort. This spacious 2-bedroom, split-layout suite features soaring ceilings, floor-to-ceiling windows, and a private balcony with spectacular southwest views overlooking the resort's world-class golf course. Bright, modern, and fully furnished, this exceptional retreat offers effortless four-season resort living.Enjoy full access to an impressive array of resort amenities, including two outdoor pools, Muskoka's first rooftop infinity pool, the SkyBar, state-of-the-art fitness facility, and championship golf just steps away. Spring through fall, enjoy exceptional dining at one of Muskoka's finest patios, and the opportunity to play golf surrounded by stunning natural beauty. In winter, take advantage of on-site fat-bike and cross-country ski trails, plus an outdoor skating rink.Additional value includes a waived golf club initiation fee of up to $55,000. Annual dues and Food & Beverage minimums apply.Conveniently located near downtown Gravenhurst, with easy access to shopping, restaurants, amenities, attractions, and year-round events, including the popular Wednesday Farmers' Market. The professionally managed Resort Rental Program offers a convenient option for generating rental income when you are not occupying the suite yourself.A unique opportunity to own a fully furnished penthouse at one of Muskoka's premier four-season resorts. (id:66096)

Property Details

MLS®: X13848574
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $715/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $7,130/yr
Listed: 34 days ago

Rooms

Flat

Bedroom 2: 3.77 x 3.15 meters
Bathroom: 1.52 x 2.5 meters
Bathroom: 1.86 x 2.87 meters
Kitchen: 2.9 x 2.62 meters
Living room: 6.49 x 4.83 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Range, Dryer, Cooktop, Oven - Built-In, Window Coverings, Water Heater
Exterior: Concrete
Lot Features: Wooded area, Elevator, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Gravenhurst (Muskoka (S)) listings, avg age

85d

Price / ft²

$1,045

List price

$888K

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 34 days, which is 51 days fresher than the city average of 85. Act while there is still low competition.

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Listed by Forest Hill Real Estate Inc. · DOROTHY HARE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $888,000, about 12.2× the local median household income of $72,500.

Carrying it typically needs a household income of about $173,457 (20% down, 25-yr amortization, stress-tested) — roughly 139% 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)

$888,000· $1,045/ft²

For sale

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Full Cost Breakdown

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Down Payment7.18% · $63,800

Min 7.18%50%

Mortgage payment$4,570/mo

↳ CMHC premium ($32,968 capitalized)

Property tax (est.)$594/mo

Condo fee$715/mo

Total monthly$5,879

Cash Needed to Close

Down payment (7.18%)$63,800

Land transfer tax$14,235

Est. closing costs$5,164

Total cash needed$83,199

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