1008 Cove Road, Gravenhurst

$875,000
1008 Cove Road

$875,000

New
59d
DetachedBungalow

1008 Cove Road, Gravenhurst

Total Monthly Obligation $4,349

Beds
3
Baths
1
Park
10
Sqft
1500-2000
DOM
59d
Score
17
Yield
4.1%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Detached
MLS® Number-X13710706
Beds-3
Bathrooms-1
Size-1500-2000 sqft
Lot Size-178 × 189.2 ft
Listed on site-Aug 25, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$5,331.32 (2026)
Parking-12 - Detached
Basement-Crawl Space, Unfinished
Heating-Forced Air (Oil)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood Stove
Pool-None
Facing-South
Exterior-Wood
Roof-Asphalt Shingle
Foundation-Piers, Concrete
Sewer-Septic
Possession-Flexible
Neighbourhood-Wood (Gravenhurst)
Title-Residential Freehold

No agent assigned

FOUR-SEASON MORRISON LAKE LIVING WITH LAKE VIEWS & A SEPARATE SLEEPING CABIN! Morrison Lake sets the backdrop for a property built around time at the water, with a large dock currently in place, a detachable floating swim platform, an expansive deck and lake views carried through the main living spaces. The water stays in sight from the updated kitchen and dining area, then opens up from the deck with newer glass-panel railings and a gazebo overlooking the lake. The kitchen pairs quartz countertops with white shaker cabinetry, stainless steel appliances, subway tile and pendant lighting. In the living room, an oversized lake-facing window and wood stove make the setting just as appealing once the temperature drops. Hardwood and luxury vinyl flooring continue through three spacious bedrooms and a 4-piece bathroom, while the 3-season Muskoka room trades lake views for the surrounding forest. A separate sleeping cabin gives family and friends their own quarters with two bedrooms, a 3-piece bathroom, and its own lake-view deck. An insulated, propane-heated double garage/shop offers room for vehicles, tools and lake gear, complemented by ample gravel parking, two sheds, a dog run, outhouse and a 10kW generator capable of powering most of the main home. This #HomeToStay turns ordinary days into the ones you'll remember most.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$700,000
Land Transfer Taxes$13,975
Legal Fees (Est.)
$
Total cash required for closing$190,475

Total Monthly Obligation

$4,349/mo
Mortgage $3,530
Monthly Loss $3,420
Principal$929
Interest$2,601
Property Tax$444
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.3%20
10-Year IRR
8.5%
Returns Index
11.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,000/yr
NOI
$22,569/yr
Net Cash Flow
-$1,649/mo
Cash Margin
-55.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1008 Cove Road

Time

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