$439,000
For sale: Vacant Land

Excellent opportunity to acquire 0.731 acres of vacant commercial land in downtown Gravenhurst. Prominently located at the corner of Nelson Street and Clarence Street, along a main thoroughfare into the downtown core and just north of the Highway 11 interchange at Muskoka Road. The property is only minutes from Gravenhurst's primary commercial amenities, including Home Depot, Sobeys, Starbucks, McDonald's, hotels and other national and local retailers and services. The site abuts the railway and offers convenient access to both downtown Gravenhurst and Highway 11.C-2 zoning permits a broad range of commercial and employment uses, including Bed and Breakfast Establishment, Health Services, Repair Service Shop, Office, Manufacturing, Processing, Assembling or Fabricating Plant, Restaurant, Commercial Entertainment, Motor Vehicle Body Shop, Retail Convenience Store and numerous other permitted uses. See attached zoning information for full details. Municipal water, hydro and natural gas are available at the lot lines. The property is currently municipally owned and property taxes will be reassessed following the sale. Estimated future taxes are approximately $5,250 per year. A well-located commercial development opportunity in the heart of Gravenhurst with excellent access, visibility and flexible zoning.
Sold data
Homes in Muskoka S took a median of 37 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 79, across 39 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 85 days.
The median sale price was $745,000.
Homes sold for about 4.9% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
Based on 39 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 (Muskoka (S)) 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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