551 Peninsula Road

Introducing a remarkable opportunity to acquire a stunning house for sale in Gravenhurst , located at 551 Peninsula Road, Gravenhurst. This exquisite detached bungaloft is nestled in the picturesque community of Wood, within the renowned Muskoka area. With its luxurious lakeside living on the shores of Muldrew Lake, this property is the epitome of refined waterfront living, offering an ideal retreat just minutes from the vibrant town of Gravenhurst.

As you approach this splendid residence, you will be captivated by its elegant wooden exterior, which harmonises beautifully with the natural surroundings. The house for sale in Gravenhurst boasts a generous lot size of 155 x 491 feet, providing ample space for outdoor activities and relaxation. Set on a plot of between 0.50 to 1.99 acres, this property offers a sense of privacy and tranquillity that is hard to find.

Step inside this beautifully renovated home, and you will immediately notice the soaring cathedral ceilings that create a sense of openness and grandeur. The open-concept living space is designed for both entertaining and intimate family gatherings, featuring rich hardwood floors that flow seamlessly throughout. The main kitchen is a chef's dream, equipped with built-in appliances, granite countertops, and a custom island that perfectly balances style and functionality. This house for sale in Gravenhurst is not just a home; it is a lifestyle choice.

With four spacious bedrooms and three well-appointed bathrooms, this property comfortably accommodates family and guests alike. Each bedroom is designed to offer a peaceful retreat, ensuring everyone has their own space to unwind. The extensive upgrades throughout the house include a redesigned kitchen, updated flooring, and fresh paint both inside and out, ensuring that the home is not only beautiful but also functional. The addition of spray foam insulation enhances energy efficiency, while the new 200-amp electrical service and a 13kW Generac generator provide peace of mind throughout the seasons.

While this house for sale in Gravenhurst does not feature a pool, it more than compensates with its extensive outdoor living space. Over 1,500 square feet of decking and docking area invites you to enjoy the outdoors, whether you are entertaining guests, boating on the lake, or simply enjoying quiet evenings by the fire. The property is also prepped with plans for a future double-car garage, offering potential for further development where the current shed is located.

For those seeking modern comforts, this home is equipped with central air conditioning, ensuring a pleasant atmosphere throughout the warmer months. Additionally, the family room provides a welcoming space for relaxation, complete with a fireplace that adds a touch of warmth and character. Internet connectivity is also available, making it easy to stay connected while enjoying the serene surroundings.

It is important to note that this house for sale in Gravenhurst is unfurnished, allowing you the freedom to personalise the space to your taste. The absence of a central vacuum system and a garage space does not detract from the overall appeal of this magnificent property. The crawl space with exposed rock adds a unique charm, further enhancing the character of this home.

In summary, 551 Peninsula Road, Gravenhurst, is a luxurious lakeside retreat that offers an exceptional blend of modern comfort and timeless Muskoka charm. Whether you are seeking a serene personal escape or a high-end rental investment, this house for sale in Gravenhurst delivers effortless luxury in the heart of Muskoka. Don't miss the chance to make this exquisite property your own and experience the best that lakeside living has to offer.

Wood, a charming neighbourhood within the town of Gravenhurst, offers a picturesque setting characterised by its lush woodlands and serene natural beauty. Nestled near the shores of Lake Muskoka, this area boasts a tranquil atmosphere, perfect for those seeking a peaceful retreat from the hustle and bustle of city life. Residents can enjoy a range of outdoor activities, from hiking and cycling in the surrounding forests to boating and fishing on the lake. With a close-knit feel and easy access to Gravenhurst's amenities, including quaint shops, delightful eateries, and local markets, Wood presents an inviting option for those looking to embrace a relaxed, nature-oriented lifestyle while still being part of a vibrant community.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 775 residents as of 2021. The average household size is 2.4, and the average age of residents is 45.2 years. The community enjoys a high average household income of $125,000, with only 7.4% of the population classified as low-income. The average property price in the area stands at $660,000, indicating a relatively upscale real estate market. A significant portion of the population, 35.77%, is single, while 32.65% of households include children, reflecting a family-friendly environment. The area is home to a small percentage of immigrants (5.88%) and has a low rental market, with only 3.57% of residents renting their homes. Additionally, 3.57% of the housing stock consists of condominiums. Educational attainment is notable, with 44.17% of residents holding a college or university degree. However, 35% of the population is not actively participating in the labor force, suggesting a mix of retirees and individuals engaged in other pursuits. Overall, this community offers a blend of affluence, education, and family-oriented living.