$149,900
For sale: Apartment

INCREDIBLE TURN-KEY INVESTMENT OPPORTUNITY ON LAKE MUSKOKA! Turn your Muskoka getaway into a smart investment with this incredible suite at the Residence Inn by Marriott Muskoka Wharf in Gravenhurst. Fully furnished with tasteful finishes and timeless design, this 1-bedroom unit spans over 500 sq ft and features a kitchen with stainless steel appliances, an eating area, and a living room enhanced by a gas fireplace and walkout to a private balcony with water views. The primary bedroom is appointed with a king bed, while the 4-piece bathroom completes the layout. Owners enjoy 35 days of personal use per year with the balance in a hotel-managed rental program that potentially generates income. Premium amenities include concierge service, fitness room, indoor pool and hot tub, media room, party room, business centre, coin laundry, daily continental breakfast, and a 24-hour coffee and tea bar. Situated directly on Lake Muskoka, you are steps from the scenic Muskoka Wharf boardwalk, the interactive Muskoka Discovery Centre, and Bethune Memorial House. Enjoy lakeside walks on the Peninsula Trail, catch a show at the nearby Opera House, explore local parks, and dine at a variety of restaurants, with year-round activities including boating, swimming, golfing, hiking, biking, snowmobiling, and ice fishing at your fingertips. An ideal opportunity to own in Muskoka with personal enjoyment and potential income all in one!
Sold data
Homes in Gravenhurst (Muskoka (S)) took a median of 35 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 62, across 67 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 63 days.
The median sale price was $649,900.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
Based on 67 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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