950 Muskoka Road S

If you’re on the lookout for a fantastic investment opportunity or perhaps a spacious abode for your multi-generational family, then this Multi-Family Home for sale in Gravenhurst might just be what you need. Located at 950 Muskoka Road S S, Gravenhurst, this unique property is a blend of residential and commercial potential, thanks to its C3 zoning. It’s perfect for anyone wanting to offset their living costs while enjoying the comforts of home.

The property boasts a charming character-filled century house at the front, which has been lovingly renovated over the years. With a delightful three-season front porch, it’s an ideal spot to enjoy your morning cuppa or unwind in the evenings. At the back, there’s a private patio seating area, perfect for summer barbecues or simply soaking up the sun. Inside, you’ll find a bright and airy open-concept kitchen that flows seamlessly into the living room, creating a welcoming space for family gatherings or entertaining friends. The main floor also features a convenient 3-piece bathroom, making it easy for guests to navigate.

As you head upstairs, you’ll discover two spacious bedrooms, along with a full 4-piece bathroom. The owners have made several significant updates over the years, including the installation of a new natural gas furnace in 2021, as well as vinyl siding and a metal roof. This unit is equipped with all the necessary kitchen appliances and even has in-suite laundry with a washer and dryer, making it incredibly convenient for day-to-day living.

Now, let’s talk about the rear of the property. This Multi-Family Home for sale in Gravenhurst features a renovated, steel-sided and roofed, 1,720 sq ft dwelling that can serve as a separate living space or potential commercial area. With tall ceilings and an abundance of natural light, this space feels open and inviting. It includes three bedrooms, a 3-piece bathroom, and a 3-piece ensuite, providing ample room for family or guests. The modern kitchen is large and well-equipped, perfect for whipping up meals, while the laundry facilities and a storage garage add to the convenience of this unit.

Situated on a generous lot measuring 66 X 165 feet, this property offers plenty of outdoor space, and it’s conveniently located within walking distance to grocery stores, dining options, parks, and the vibrant downtown area of Gravenhurst. The property is currently fully tenanted, with the front century home rented at $1,489 per month plus utilities, and the rear bungalow fetching $2,150 per month plus utilities. This makes it an attractive option for investors looking to generate income.

It’s worth noting that this Multi-Family Home for sale in Gravenhurst does not come with air conditioning, but the natural ventilation and layout of the property help keep it comfortable. There’s no swimming pool, but with the lovely outdoor spaces available, you won’t miss it. The heating is provided by a forced air system, and the property is connected to municipal water and sewer services, ensuring all your basic needs are met.

In summary, whether you’re an investor, a large family, or someone wanting to run a business from home, this Multi-Family Home for sale in Gravenhurst at 950 Muskoka Road S S, Gravenhurst, is a splendid opportunity not to be missed. With its unique features, spacious layout, and prime location, it’s the perfect blend of comfort and potential. Don’t hesitate to come and see it for yourself!

Muskoka (S) is a picturesque and tranquil area nestled within the charming city of Gravenhurst, Ontario, renowned for its stunning natural beauty and serene lakeside living. This geographic enclave is characterised by its lush forests, pristine waterways, and a rich tapestry of outdoor recreational opportunities, making it an ideal haven for nature enthusiasts. Residents can enjoy activities such as boating, fishing, and hiking, all set against the backdrop of breathtaking landscapes. The close-knit atmosphere of Muskoka (S) fosters a sense of belonging, while still providing easy access to Gravenhurst's amenities, including quaint shops, delightful eateries, and cultural attractions. Embrace a lifestyle that harmonises relaxation with adventure in this enchanting part of Ontario.

Schools in the Neighbourhood

This property is conveniently located near two educational institutions, making it an ideal choice for families with school-aged children. Gravenhurst Public School, situated just 0.9 km away at 301 Mary St S, offers a comprehensive education for students from Junior Kindergarten to Grade 8. It operates under the Trillium Lakelands District School Board and provides instruction in English. Additionally, Gravenhurst High School is located even closer, at a distance of 0.8 km from the property, and caters to students in Grades 9 through 12, also under the Trillium Lakelands District School Board. Both schools are public institutions, ensuring access to quality education within a short commute. While specific school ratings are not provided, the proximity to these schools is a significant advantage for families seeking educational opportunities for their children. The neighborhood's family-friendly environment, combined with the availability of essential educational facilities, enhances the overall appeal of this property for potential buyers looking to settle in a community-oriented area.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 736 residents, with an average household size of 2. The community is predominantly older, with an average age of 63.8 years. Economically, the average household income stands at $78,400, although 16% of the population is classified as low-income. The average property price in the area is $570,000, indicating a relatively affluent neighborhood. A significant portion of the population, 35.82%, is single, while only 10.64% of households have children, suggesting a more mature demographic. Immigrants make up 9.46% of the population, contributing to the area's diversity. Additionally, renters constitute 8.11% of the households, and there are no condos available, indicating a potential preference for single-family homes. Education levels are notably high, with 48.12% of residents holding a college or university degree. However, a striking 83.46% of the population is not in the labor force, which may reflect retirement or other factors. Overall, this area appears to be a tranquil, well-educated community with a stable economic foundation, appealing to those seeking a serene living environment.