130 Steamship Bay Road 207, Gravenhurst

$699,900
130 Steamship Bay Road 207

$699,900

New
18d
Condo ApartmentApartment

130 Steamship Bay Road 207, Gravenhurst

Total Monthly Obligation $4,943

Beds
3
Baths
2
Park
1
Sqft
2000-2249
DOM
18d
Score
24
Yield
9.0%
Cash on Cash
3.6%
Cap Rate
5.4%
5Y IRR
18.5%
10Y IRR
17.0%
Property Type-Condo Apartment
MLS® Number-X13860844
Beds-3
Bathrooms-2
Size-2000-2249 sqft
Listed on site-Oct 5, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$4,736.19 (2026)
Maintenance-$1,524.97/mo
Locker-Owned
Parking-1 - Carport
Basement-None
Heating-Forced Air (Gas)
Brokerage-Re/Max Professionals North
Cooling-Central Air
Laundry-Yes
Fireplace-Electric, Natural Gas
Pool-None
Exterior-Concrete Poured, Hardboard
Roof-Metal
Foundation-Poured Concrete
Possession-flexible
Neighbourhood-Muskoka (S)
Title-Residential Condo & Other

No agent assigned

This beautifully appointed 2082sqft Segwun model has 3 bedrooms, 2 bathrooms and a myriad of high quality upgrades. Designed for comfort, style, and easy lakeside living without the waterfront taxes. Inside, soaring 9-ft ceilings, crown moulding, and rich walnut hardwood floors create a warm, refined atmosphere. The kitchen is both elegant and functional, featuring granite countertops, crisp white cabinetry, KitchenAid stainless steel appliances, tile backsplash, and a generous centre island perfect for entertaining. Unwind in the inviting family room with custom built-ins, an electric Napolean fireplace, and walkout access to your balcony-ideal for BBQs and soaking in those warm summer evenings. The living room with gas fireplace is central to the unit and a great place to gather with family and friends. The primary suite offers a private escape with a tongue and groove wood tray ceiling, walk-in closet w built-ins, and spa-inspired ensuite complete with soaker tub and separate shower. The main bathroom has a gorgeous upgraded glass tile walk in shower. The second spacious bedroom is currently setup for the grandkids to come and stay with 3 cottagy bunk-beds but would suit many uses. A versatile third bedroom makes a great office or gym space and with a built-in Murphy bed it serves overflow guests well. There is 1 parking space included, all parking spaces are separately owned and more parking can be easily purchased. Maintenance fees include internet, gas, water/sewer, building insurance, snow plowing, garbage/recycling, and common elements, making ownership simple and stress-free. Hydro in addition to condo fees. You are steps from shops, restaurants and festivals along the boardwalk and boat mooring on iconic Lake Muskoka.

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

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$4,943/mo
Mortgage $2,823
Monthly Loss $4,200
Principal$743
Interest$2,080
Property Tax$395
Condo Fees$1,525
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.7%5
5-Year IRR
14.7%69
10-Year IRR
14.6%
Returns Index
36.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$63,036/yr
NOI
$31,297/yr
Net Cash Flow
-$215/mo
Cash Margin
-4.1%2
Cash Flow Index
2.1/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
23.1/ 100

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

Comparables

Properties near 130 Steamship Bay Road 207

Time

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