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635 First Street S, Gravenhurst, ON P1P 1K1

5 beds · 2 baths · 2 kitchens · 10 rooms · 5 parking spaces · 1500-2000 sq ft · Duplex
$534,000
Property tax
$2,016 / year

Discover this fully legal duplex in the heart of Gravenhurst, now featuring significant recent improvements that enhance its appeal and value. In 2025, Unit A underwent a full renovation, including new drywall, updated flooring, updated windows, a modern kitchen with stainless steel appliances, and a renovated four piece bathroom. The property also received new vinyl siding throughout the exterior in 2025, with new shingles completed in August 2026, offering important peace of mind for years to come. Located just minutes from downtown Gravenhurst, 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. Unit A is vacant and ready for immediate occupancy and features three spacious bedrooms, an eat in kitchen, a generous living area and a detached garage. Unit B includes two bedrooms, a four piece bathroom, a full kitchen, a comfortable living room, separate laundry, and access to an unfinished basement providing ample storage. With extensive recent renovations, refreshed exterior finishes, new shingles, private outdoor spaces, separate utilities, and a desirable central location, this versatile duplex presents an excellent opportunity for investors, first time buyers, or those looking to offset their mortgage in one of Muskoka's most sought after communities.

MLS number
X13752294
Type
Duplex
Status
Active
Bedrooms
5
Bathrooms
2
Postal code
P1P 1K1
Photos
31
Laundry
Not in the unit
6days · 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 6 times.

Sale history is for registered usersSee what this address sold for and when, across all 6 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 this street. The listing did not say which direction, and every candidate was in the same place.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Gravenhurst High School
Trillium Lakelands DSB
Secondary445 m7.1 / 10
71% met the standard · 2 of 6 measures
Gravenhurst Public School
Trillium Lakelands DSB
Elementary590 m7.0 / 10
70% met the standard
Muskoka Beechgrove Public School
Trillium Lakelands DSB
Elementary2.2 km7.3 / 10
73% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

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 530 people.

$42,400Median household income
40%Own their home
39.2%Detached houses
38Median age
5.4%Born outside Canada
5.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440232 — the few blocks around this address, home to 530 people. It describes the area, not this property.

530Population
39.8Average age
2.1Household size
$62,400Average household income
$42,400Median household income
40%Own their home
60%Rent
4%Condominiums
5%Born outside Canada
5%University degree
$530,000Average home value
32%Low income
69%Not in the labour force
39%Never married
$10,000 to $14,9998%
$15,000 to $19,9998%
$20,000 to $24,99911%
$25,000 to $29,9996%
$30,000 to $34,9998%
$35,000 to $39,9994%
$40,000 to $44,9996%
$45,000 to $49,9994%
$50,000 to $59,9999%
$60,000 to $69,9998%
$70,000 to $79,9994%
$80,000 to $89,9992%
$90,000 to $99,9996%
$100,000 and over9%
$100,000 to $124,9996%
$125,000 to $149,9992%
$150,000 to $199,9992%

Percentages are of the 265 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.

$106,800 · minimum here is $28,400
$2,364.44per month
Borrowed before insurance$427,200
Total borrowed$427,200
Interest over 25 years at 4.5%$282,131

If you rented it out

-$2,532.44per month out of pocket
Rent$0.00
Everything it costs to hold$2,532.44
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 RE/MAX HALLMARK CHAY REALTY. Listing data provided by the Toronto Regional Real Estate Board.