
1240 North Kahshe Lake Road · #2
DetachedMorrison, Gravenhurst
X14129908, Sotheby's International Realty Canada



Muskoka (S), Gravenhurst · Commercial · Investment
Last updated by the listing brokerage Sep 18, 2026
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| Tax year | Annual property tax | Change | Source |
|---|---|---|---|
| 2025 | $2,980 | — | MLS® listing |
Annual taxes as reported on this MLS® listing. Confirm current taxes with the municipality.
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Sign in to view historyPrime Investment Opportunity in the Heart of Gravenhurst! Exceptional mixed-use income property ideally located in Downtown Gravenhurst, offering a are combination of stable cash flow, strong upside potential, and long-term value. This well-maintained mixed use building is an attractive addition to any investment portfolio. One commercial unit with approximately 2,500 square feet of versatile frontage space, currently tenanted, C1-A zoning ideal for a variety of business uses in a high visibility Downton location. Above and alongside, the resident component totals approximately 2,600 square feet, comprised of five desirable two-bedroom units that continue to generate reliable rental income. Recent improvements demonstrate pride of ownership and reduce future capital concerns, including four year old roof, new staircases, a newer furnace and the recent addition of a new 5th two bedroom apartment that is ready for occupancy and presents immediate income growth. Tenants benefit from convenient on-site coin laundry, while investors will appreciate the strong proforma cap rate of 6.2% and consistent revenue stream from this proven asset. This property is a turkey opportunity in majestic Muskoka's most vibrant and growing communities. Whether you are expanding your portfolio or seeking solid first investment, this Downtown Gravenhurst mixed-use property is a smart acquisition with strong income today and upside for tomorrow.
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First-time buyers can get up to $4,000 back on Ontario land transfer tax. Gravenhurst has no municipal land transfer tax (Toronto does).
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