$534,000
For sale: Multiplex

Discover this fully legal duplex in the heart of Gravenhurst, now featuring significant recent improvements that enhance its appeal and value. In 2025, Unit A underwent a full renovation, including new drywall, updated flooring, updated windows, a modern kitchen with stainless steel appliances, and a renovated four piece bathroom. The property also received new vinyl siding throughout the exterior in 2025, with new shingles completed in August 2026, offering important peace of mind for years to come. Located just minutes from downtown Gravenhurst, Gull Lake, and Lake Muskoka, this well maintained property offers two self contained units, each with separate hydro and gas meters, private driveways with two car parking, individual fenced backyards, and separate laundry facilities. Unit A is vacant and ready for immediate occupancy and features three spacious bedrooms, an eat in kitchen, a generous living area and a detached garage. Unit B includes two bedrooms, a four piece bathroom, a full kitchen, a comfortable living room, separate laundry, and access to an unfinished basement providing ample storage. With extensive recent renovations, refreshed exterior finishes, new shingles, private outdoor spaces, separate utilities, and a desirable central location, this versatile duplex presents an excellent opportunity for investors, first time buyers, or those looking to offset their mortgage in one of Muskoka's most sought after communities.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 63 days.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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