$649,000
For sale: Detached

One property. Three buildings. Endless possibilities. This unique property offers an exceptional combination of flexibility, income potential, and opportunity, all set on a thoughtfully landscaped lot, complimented by a parking area finished with crushed granite, surrounded by mature trees and striking Muskoka rock faces. Two standalone bungalows, both with electric heat, approximately 500 sq. ft. and 700 sq. ft., provide comfortable one-level living and can be used for rental income, guest accommodations, extended family, or dedicated work-from-home space. The third building features a legal residential apartment above, and a commercial unit below, both units with forced air propane heat and central air, offering even more versatility for a business, studio, office, retail space, or additional income. Enjoy a beautiful natural setting while still being conveniently located near the highway overpass for easy northbound and southbound access. Whether you're an investor, entrepreneur, multi-generational family, or buyer looking for multiple income opportunities, this property gives you the flexibility to make it work for you. Rarely does an opportunity with this much versatility come available. Come see this place for yourself!
Sold data
Detached homes in Gravenhurst (Morrison) took a median of 36 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 60, across 60 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 60 days.
The median sale price was $684,450.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 60 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Gravenhurst (Morrison) has 2 Fraser Institute–rated schools (1 elementary and 1 secondary).
School ratings from the Fraser Institute's Ontario school report cards.
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