1055 WEST BANK Drive, Gravenhurst, ON

$795,000
MLS#:X10435628
3 beds
1 baths
700-1100 sqft
4.0 parking
Residential Freehold
1055 WEST BANK Drive, Gravenhurst, ON P0E 1G0
⚠️

Property no longer active

This property was sold on October 11, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Morrison. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $795,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 110 x 250 ft lot
  • 4.0 total parking spaces available with a convenient visitor configuration
  • Notable attributes: Water Heater Owned
  • Efficient baseboard heating via electric

Description

SOLD FIRM PENDING RECEIPT OF DEPOSIT. Nestled on the serene shores of Kahshe Lake, this charming cottage offers a perfect blend of comfort and tranquility. With three cozy bedrooms, a spacious living room, and an inviting eat-in kitchen, it's ideal for both relaxation and entertaining. Step outside onto the approximately 600 ft of decking , where breathtaking views of the lake unfold just a few feet away. Boasting 110feet of pristine lakefront, this retreat promises endless opportunities for waterfront activities and memorable sunsets. Whether you're seeking a peaceful getaway or a place to create lasting memories with loved ones, this cottage on Kahshe Lake offers the perfect lakeside escape. There is a newer 8 ft x 16 ft dock with a ramp that is attached to the shore during the spring and summer months and disconnected from the shore for the winter months. The South Kahshe Lake Road is Maintained year-round by the municipality. A portion is the road leading to the cottages on Grants Bay is the responsibility of the South Kahshe Lake Cottage Association. Furniture and furnishings are included. This property is being sold "AS IS"

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Property Summary

This detached home located at 1055 WEST BANK Drive, Gravenhurst is currently for sale and has been available on SousaSells for 705 days. This property is listed at $795,000 with an estimated mortgage of $2,646* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 1055 WEST BANK Drive, Gravenhurst is in the Morrison neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 3 bedrooms and 1 bathroom, this home offers ample space and comfort for growing families in Morrison, Gravenhurst.

Highly Recommended for Families
What We Love About This Home
  • 3 spacious bedroom layout offering versatile living space
  • 1 well-appointed bathroom
  • 700-1100 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Families, couples, or downsizers looking for a well-proportioned home in Gravenhurst.

Target Buyer Match

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date8/31/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementNone
Lot Size110 × 250
CountyMuskoka
Annual Tax$3,505
Legal DescriptionPCL 9081 SEC MUSKOKA; LT 27 PL M94 MORRISON; T/W EASEMENT OVER PT LT 10 & 11 CON 6 & 7 MORRISON, PT 3,5,6 35R17668,PT 1,2 35R19623, PT 1-4 35R17657, PT 7 35R19573 AS IN MT14395 ; GRAVENHURST ; THE DISTRICT MUNICIPALITY OF MUSKOKA less

Parking & Garage

Parking Total4.0
Parking Space4
Garage TypeVisitor

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingNone

Features

Property Features

None listed

Interior Features

  • Water Heater Owned

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 1055 WEST BANK Drive, Gravenhurst, ON

Q.What is the asking price for 1055 WEST BANK Drive, Gravenhurst, ON ?

The current listing price for 1055 WEST BANK Drive, Gravenhurst, ON in Morrison, Gravenhurst is $795,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 3 bedrooms and 1 bathroom across approximately 700-1100 sqft.

Q.What property type and architectural style is 1055 WEST BANK Drive, Gravenhurst, ON ?

1055 WEST BANK Drive, Gravenhurst, ON is a Detached (Bungalow) featuring a None basement.

Q.What interior features are included in this home?

Interior highlights include: Water Heater Owned.

Q.Is parking available at this property?

Yes, this property offers parking space for 4.0 vehicles (Visitor).

Q.What heating and cooling systems are installed?

Heating is provided via Electric and cooling via None.

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1055 WEST BANK Drive, Gravenhurst, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1055 WEST BANK Drive, Gravenhurst, ON P0E 1G0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Gravenhurst.

Configure Loan Settings

Interest Rate4.00%
Down Payment$238,500 (30.0%)
* Minimum Canadian down payment required for this price is $54,500.
Amortization Period30 Years
Estimated Monthly Payment$2,646Based on a loan of $556,500 over 30 years.
Purchase Price$795,000
Loan Amount$556,500
Provincial Land Transfer Tax:$12,375
Total Estimated Closing Taxes:$12,375

About Purchasing a Home in Gravenhurst, ON

For a property listed at $795,000 in Gravenhurst, the legal minimum down payment is $54,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,375 for this transaction. As this listing is in Gravenhurst (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,375.

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Morrison, Gravenhurst Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Morrison, Gravenhurst.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$807,742

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in Morrison, Gravenhurst

Elementary Schools

Muskoka Beechgrove
Public395 Muskoka Beach Road, Gravenhurst, Ontario, P1P 1M9
6.2
Gravenhurst
Public325 Mary Street South, Gravenhurst, Ontario, P1P 1X7
5.4

Secondary Schools

Gravenhurst
Public325 Mary Street South, Gravenhurst, Ontario, P1P 1X7
6.9

Morrison, Gravenhurst Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.