635 First Street
Gravenhurst, ON
- 5 bed
- 2 bath
- approx. 1500-2000 sqft
- Duplex
- 104 days on market
Discover this fully legal, income-generating duplex located in the heart of Gravenhurst, an ideal opportunity for investors or first-time buyers looking to offset their mortgage. Just minutes from downtown, 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 for added convenience. In 2025, significant updates were completed, including a full renovation of Unit A and new vinyl siding across the entire exterior. Unit A features a modern kitchen with stainless steel appliances, new drywall, updated flooring and windows, a renovated 4-piece bathroom, three spacious bedrooms, an eat-in kitchen, a generous living area, and a detached garage vacant and ready for immediate occupancy. Unit B includes two bedrooms, a 4-piece bathroom, a full kitchen, a comfortable living room, and access to an unfinished basement offering ample storage. This turnkey duplex offers a rare combination of functionality, privacy, recent upgrades, and strong income potential in one of Muskoka's most desirable communities. New shingles done August 2026
Listing Details
- Taxes (2025)
- $2,016
- Listed
- May 22, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Aluminum Siding, Vinyl Siding
- Roof
- Asphalt Shingle, Metal
- Foundation
- Block
- Interior
- Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
- Lot Size
- 66 x 66 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Muskoka Rd/Veterans Way
- Zoning
- RM1
- Parcel Number
- 481850023
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Included
- Inclusions
- Refrigerator x2, Stove x2, Washer x2, Dryer x2, All Electrical Light Fixtures, Hot Water Tank (Owned) x2
- Exclusions
- Tenants Belongings
Schools
Secondary
- Gravenhurst High School0.4 km
Public · Trillium Lakelands DSB · 330 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- Gravenhurst Public School0.6 km
Public · Trillium Lakelands DSB · 270 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 67% met the provincial standard
- Muskoka Beechgrove Public School2.1 km
Public · Trillium Lakelands DSB · 360 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 73% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P1P
- Population
- 11,083
- Private dwellings
- 6,921
- Median age
- 54
- Average household size
- 2.2
- Median household income
- $72,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Gravenhurst · last 12 months
- Median sold price
- $625,000
- Homes sold
- 231
- Median days on market
- 34
- Sale-to-list price
- 95.0%
Based on 231 recorded sales of residential freehold properties in Gravenhurst over the last 12 months.
Rooms
4-piece, 4-piece
Second
- Bedroom11'10" x 12'10"
- Bedroom 215'1" x 9'6"
- Bedroom 39'6" x 9'10"
Main
- Bedroom10'6" x 11'2"
- Bedroom 213'9" x 9'10"
- Breakfast20'8" x 7'7"
- Kitchen15'9" x 7'7"
- Kitchen8'2" x 15'1"
- Laundry9'2" x 6'7"
- Living Room11'10" x 15'1"
- Living Room14'9" x 7'10"
Listed by
RE/MAX HALLMARK CHAY REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
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Mortgage Calculator
$106,800
Estimated Monthly Payment
$2,623
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,623/mo (20% down, 5.5%)
Taxes: $168/mo · Insurance: $134/mo
Estimates only. Consult a financial advisor.
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