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1411 11 HIGHWAY S, Gravenhurst (Morrison) — listed at $649,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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! (id:60164)
Is 1411 11 HIGHWAY S a good fit for a growing family?+
With 5 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office.
What's the parking situation?+
This property includes 8 spaces — No Garage.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, forced air, electric, propane. Electric heating can mean higher winter bills — ask for past utility statements.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Does it have a basement, and is it finished?+
The listing describes the basement as: Crawl space, None. Confirm the finishing status during a showing — it affects both livable space and resale value.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,659.75, heating is baseboard heaters, forced air, electric, propane. Always verify the latest figures with your agent before making an offer — these change yearly.
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