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1 Island 20ML Island, Gravenhurst, ON P1P 1R2

2 beds · 1 bath · 1 kitchen · 4 rooms · 700-1100 sq ft · Rural Residential
$749,000
Property tax
$4,326 / year

First time offered in over seven decades! South Lake Muskoka, this Java Island property features 460 feet of gentle unblemished shoreline and approximately 1 acre of land prime for redevelopment. It is time for a new family to start making their own cherished memories.

MLS number
X13247020
Type
Rural Residential
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
P1P 1R2
Photos
11
Laundry
Not in the unit
100days · 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

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

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 753 people.

$83,000Median household income
74.6%Own their home
79.2%Detached houses
62.4Median age
10.3%Born outside Canada
29.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440225 — the few blocks around this address, home to 753 people. It describes the area, not this property.

753Population
55.3Average age
2Household size
$146,000Average household income
$83,000Median household income
75%Own their home
25%Rent
20%Condominiums
10%Born outside Canada
30%University degree
$1,050,000Average home value
10%Low income
15%Never married
$10,000 to $14,9993%
$15,000 to $19,9992%
$20,000 to $24,9992%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9993%
$60,000 to $69,9995%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over27%
$100,000 to $124,9996%
$125,000 to $149,9996%
$150,000 to $199,9997%
$200,000 and over11%

Percentages are of the 520 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.

$149,800 · minimum here is $49,900
$3,316.41per month
Borrowed before insurance$599,200
Total borrowed$599,200
Interest over 25 years at 4.5%$395,723

If you rented it out

-$3,676.91per month out of pocket
Rent$0.00
Everything it costs to hold$3,676.91
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 Chestnut Park Real Estate. Listing data provided by the Toronto Regional Real Estate Board.