Morrison Lake Cottage with Separate Cabin & Big Workshop

Property details for 1008 Cove Road, Gravenhurst)

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 1
Lot Size: 178 x 189.2 FT
Stories: 1
Basement: Unfinished, Crawl space
Parking: Detached Garage, Garage
Heating: Forced air, Oil, Wood
Cooling: Central air conditioning
Exterior: Wood
Ownership: Freehold
Annual Taxes: $5,331

This is a three-bed, one-bath bungalow on Morrison Lake with a separate two-bed sleeping cabin, giving you two structures on a 178 x 189 foot lot. The main house is 1,100 square feet with hardwood and luxury vinyl floors, a wood stove in the living room, and an oversized window facing the lake. Kitchen has quartz counters, white shaker cabinets, stainless steel appliances, and subway tile. The three-season Muskoka room faces the forest instead of the water. The sleeping cabin has its own deck and a three-piece bath. Outside there's a large dock with a detachable floating platform, a gazebo on the deck that has newer glass railings, and a propane-heated double garage/shop. You also get two sheds, a dog run, an outhouse, and a 10kW generator. Central air and forced air oil heat keep things comfy. The lot is irregular and wooded, with 178 feet of frontage. It's on a drilled well and septic. Property taxes run about $5,331 annually. You're 8.5 km from Gravenhurst amenities like restaurants, Tim Hortons, and the Marriott. This is a year-round property, though the dock and waterfront use requires a Licence of Occupation. Priced at $875,000, which is higher than the nearby median of $99.9k, but you're paying for the lakefront and extra cabin. Only six active listings nearby, so it's a niche market.

About 1008 Cove Road, Gravenhurst) — Property Score

Feature Rich Hot Market Great Location

Score: 67/100

Value

Priced 15.6% above area median of $757,000 based on 60 comparable properties nearby 47

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

1 bathroom - 1 fewer than similarly priced properties nearby 48

33,678 sqft lot - an oversized lot for the area 90

Location

$73K median household income - near the Canadian average of $70K 67

80% of residents hold postsecondary credentials - a highly educated neighbourhood 88

91% homeownership rate - indicating a stable, owner-occupied community 93

53% of residents commute under 30 minutes - good commuting convenience 73

9/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 18 days on market 96

+54577.4% median price change over 1 month - rising prices in the area 100

142 months of housing supply - 142 active listings with 1 sold last month (buyer's market) 40

Features

12-car garage - more than the area average of 5.8 spots 95

Unfinished, Crawl space basement - adds valuable living space 85

standard forced air system 75

Central air conditioning - whole-home cooling 90

2 fireplaces - a desirable feature for Canadian winters 85

Waterfront, View - premium features that add significant value 80

Investment

0.61% effective tax rate ($5,331/yr) - below the Canadian average of ~1% 82

9% renter population - primarily owner-occupied area 41

Quality

Condition

Listing

40 photos provided - 5% more than the area average of 38 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.