2 Island 24LM (Denison) N/A, Gravenhurst

TRIPLEX income property in central Gravenhurst! Charming home converted to three units with RM1 zoning on quiet street just 2 blocks from the downtown main street. Features include Unit 1) spacious 2-bedroom open concept Kitchen, dining and living room with bedroom on the main level and large bedroom and bathroom on second floor; Unit 2) a 2-bedroom unit with living room. kitchen, bathroom and a bedroom on the main level and a bedroom and den on the lower level; Unit 3) bachelor unit accessible from side deck. There is a detached garage, two driveways and large treelined yard. Steps from Parks, Lake Muskoka, Gull Lake, Beaches, Steamship Wharf, Downtown, Opera House, Library, Schools, YMCA and all the best of Muskoka Living. Net Operating Income $38,689 with a CAP Rate of 6.8% at list price. Over $30,000 in recent upgrades including some new flooring, showers and bathroom fixtures, appliances, painting, eavestroughs and tree removal. Buy as an investment property or move into one unit with income from the other two units or convert back to a family home with an accessory unit.

4 bedrooms + den, 2150 sqft side-split on a 1/2 acre lot, between Gravenhurst and Bracebridge. This large family home has had some BIG investments already completed, including a new septic system (2026), forced air propane furnace (2021), windows and siding (2020/2021), some laminate flooring, and roof (2018). The main floor features an open concept kitchen and dining room with patio doors to the raised front deck, 2 recently updated bedrooms, a 3pc bathroom, and laundry. The second floor features a very large living room, the primary bedroom with French doors to a back deck, a 6'x6' walk-in closet, and a 4pc bathroom across the hall, which easily could be closed off to create a private suite. The lower-level (ground level) offers a mudroom and foyer, family room, 4th bedroom, PLUS a den or office. Outside, on this 1/2 ACRE lot, the Canadian shield backdrop behind the house combined with the forested area, offers that true Muskoka setting. Overall, some finishing touches are still needed, with the bulk of improvements already completed. High speed internet via Lakelands Fibre Optics is being installed right now. Budget Propane: $2872 (2024) and $2914 (2025). This home is centrally located, only a 4-minute drive north of Bethune Dr N, and just 5-minutes south of Ecclestone in Bracebridge. Note: Some photos are virtually staged. CLICK ON THE VIDEO/VIRTUAL TOUR FOR THE SELF-GUIDED EXPERIENCE!

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.