151 Royal Street
Gravenhurst, ON
- 2 bed
- 2 bath
- approx. 1100-1500 sqft
- Detached
- 38 days on market
Excellent investment opportunity in the heart of downtown Gravenhurst. This detached two-storey property offers approximately 1,440 sq. ft. of finished space, with approximately 720 sq. ft. on each level. The main floor is currently occupied by an established hair salon, with the same tenant in place for over 20 years. The upper level features a self-contained two-bedroom residential apartment with separate entrances. A large backyard provides ample parking and is currently used by both the residential and commercial tenants. Recent improvements include a furnace approximately three years old, along with newer shingles and soffit.Both tenants are currently month-to-month. The residential tenant pays 100% of their hydro. The main-floor salon tenant pays 100% of hydro, 75% of gas, and 80% of water and sewer costs. A versatile downtown property offering established tenancy, on-site parking and a combination of residential and commercial income, all within walking distance of Gravenhurst's downtown amenities.
Listing Details
- Taxes (2025)
- $1,996
- Listed
- August 12, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Concrete Block
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Separate Hydro Meter, Water Heater Owned
- Lot Size
- 66 x 137 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 10
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Muskoka Road South/Royal
- Zoning
- C1
- Parcel Number
- 481840100
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Fridge, Stove
- Rental Items
- none
Schools
Secondary
- Gravenhurst High School0.3 km
Public · Trillium Lakelands DSB · 330 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- Gravenhurst Public School0.3 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 School1.8 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
- 228
- Median days on market
- 34
- Sale-to-list price
- 94.8%
Based on 228 recorded sales of residential freehold properties in Gravenhurst over the last 12 months.
Rooms
4-piece on Second, 2-piece on Main
Second
- Bathroom6'4" x 5'9"
- Bedroom11'2" x 11'8"
- Bedroom 29'7" x 7'4"
- Foyer4'2" x 9'7"
- Kitchen7'11" x 10'3"
- Living Room13'7" x 11'3"
Main
- Other24' x 31'
Listed by
Chestnut Park Real Estate
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$79,000
Estimated Monthly Payment
$1,941
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: $1,941/mo (20% down, 5.5%)
Taxes: $166/mo · Insurance: $99/mo
Estimates only. Consult a financial advisor.
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