Homula Realty Brokerage
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1088 Merkley Road, Gravenhurst, ON P1P 1R3

Vacant Land
$389,000

Own a piece of Muskoka for less than you think. This remarkable 4.74-acre property near Gravenhurst is one of the most turn-key vacant lots you'll find in the region - the hard work and upfront costs have already been done for you. A drilled well is in place, the septic system is installed, electrical connections are available on-site, development charges and permit fees have already been paid, and architectural drawings are ready to hand to your builder. There's even an approved entrance permit and a drain pump system to connect the trailer to the septic. All you need to do is build. Whether you're dreaming of a private family retreat, a full-time rural home, or a smart long-term investment in one of Ontario's most beloved cottage regions, this property delivers the canvas - with none of the red tape. A temporary mobile home is on-site for convenience while you plan and build. Don't let this one pass you by.

MLS number
X13042146
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P1P 1R3
Photos
35
Laundry
Not in the unit
142days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 675 people.

$83,000Median household income
95.2%Own their home
98.2%Detached houses
53.6Median age
12.3%Born outside Canada
16.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440249 — the few blocks around this address, home to 675 people. It describes the area, not this property.

675Population
48.2Average age
2.4Household size
$92,000Average household income
$83,000Median household income
95%Own their home
5%Rent
0%Condominiums
12%Born outside Canada
17%University degree
$850,000Average home value
7%Low income
95%Not in the labour force
22%Never married
$15,000 to $19,9991%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9991%
$35,000 to $39,9993%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9995%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over29%
$100,000 to $124,9999%
$125,000 to $149,9996%
$150,000 to $199,9998%
$200,000 and over5%

Percentages are of the 385 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$77,800 · minimum here is $19,450
$1,722.41per month
Borrowed before insurance$311,200
Total borrowed$311,200
Interest over 25 years at 4.5%$205,522

If you rented it out

-$1,722.41per month out of pocket
Rent$0.00
Everything it costs to hold$1,722.41
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Muskoka Real Estate Services Inc. Listing data provided by the Toronto Regional Real Estate Board.