$399,900
945 First Street S, Gravenhurst, ON P1P 1K3
2 Beds
1 Baths
4 Parking
****Open House Sun May 31 11am - 1pm**** Located in the closest Muskoka town to the GTA, this charming Gravenhurst gem is the perfect opportunity for first-time buyers, retirees looking to enjoy the Muskoka lifestyle year-round, or investors searching for a move-in-ready property with future potential. Set on an oversized in-town lot with RM-1 zoning, this property offers endless possibilities including a future garage addition, home expansion, or even potential redevelopment into a duplex or semi-detached investment property. Inside, you'll find a cozy and welcoming layout with updated vinyl plank flooring, new trim work, an updated bathroom floor, and the added comfort of natural gas heating, central air conditioning, and a gas water heater. The two bedrooms are privately located in the basement, making the main level feel bright and open for everyday living and entertaining. Step outside onto the large rear deck overlooking the huge fully fenced backyard, complete with new black chain link fencing in 2025, offering plenty of space for kids, pets, gardening, or relaxing summer evenings under the stars. Numerous recent upgrades provide peace of mind including vinyl siding, steel roof, soffit, fascia, electrical panel, furnace components, back door and window updates, plus shingles on the front and rear porches. Located on a level lot within walking distance to downtown shopping, dining, entertainment, and surrounded by some of Muskoka's most beautiful lakes, this is your chance to enjoy cottage country living full-time while staying connected to the city. Upgrade, expand, invest, or simply move in and enjoy - the possibilities here are endless!

Property Summary

Property Type Residential Freehold
Property Sub Type Detached
Transaction Type For Sale
Style Bungalow
Approximate Age 51-99
Bedrooms Above Grade 2
Bathrooms 1
Kitchens 1
Basement Full, Finished
Exposure West
Possession TBA

Building

Building Type Detached
Square Footage < 700
Exterior Vinyl Siding
Foundation Concrete
Roof Metal
Heating Forced Air
Heat Source Gas
Cooling Central Air
Fireplace No

Measurements

Lot Size 65 x 165
Lot Size Units Feet
Frontage 65
Depth 165
Total Living Area < 700

Land

Address 945 First Street S, Gravenhurst, ON P1P 1K3
City Gravenhurst
Community Wood (Gravenhurst)
County / Area Muskoka
Cross Street First St / Bethune Dr S
Sewer Sewer
Pool None
Parcel Number 481860045

Parking and Garage

Total Parking 4
Garage Spaces 0
Garage Type None

Taxes and Listing Info

List Price $399,900
Annual Taxes $1,569
Tax Year 2025
Status Active
Listing Date 2026-05-15T20:29:15Z
Updated 2026-05-26T13:56:38Z
MLS Number X13136700
Local Market Insight

What Buyers Should Know About 945 First Street S, Gravenhurst, ON P1P 1K3

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

945 First Street S, Gravenhurst, ON P1P 1K3 is positioned in Wood (Gravenhurst), a part of Gravenhurst where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Bungalow, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Detached should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to First St / Bethune Dr S, public transit options, parking availability, and drive times to employment areas. A property with 4 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $399,900, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 2 bedrooms, 1 bathrooms, basement details marked as Full, Finished, and a lot size of 65 x 165, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Gravenhurst, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Wood (Gravenhurst). These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 945 First Street S, Gravenhurst, ON P1P 1K3, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.