120 Bakery Lane Gravenhurst, Ontario P1P 1T6
$598,500
Welcome to this fantastic duplex and income-generating property, just moments away from the enchanting Gravenhurst Wharf and Muskoka Bay Park. This exceptional property features two fully equipped, self-contained units, each filled with natural light pouring in from large windows. The upper unit (unit 1) offers two spacious bedrooms, a full bath, and convenient laundry facilities, all complemented by a sprawling front deck and a separate side entrance leading to an upper deck - perfect for relaxing or entertaining. The lower unit (unit 2) will surprise you with its spacious, bright, and open feel, with large windows that make it feel anything but a basement. This unit includes generous living space, two large bedrooms, newer flooring and carpeting, a full bath, private laundry, and its own separate entrance. Both units feature large bedrooms and open-concept living areas that provide great flow and functionality, creating spaces that feel homey, roomy, and welcoming. Each unit also includes a full bathroom with a bathtub - a highly desirable feature for families with young children. Both units are currently rented at competitive market rates, providing a solid and immediate return on investment or perfect for someone looking to get into the market, own their own home, and have a unit to help cover costs. Recent updates include a new electrical panel and hardwired smoke detectors (June 2020), brand new septic system (2020), new upper deck and flat roof replacement beneath (2021), replacement of both side decks, upgraded attic insulation, and new eavestroughs. Many details have been thoughtfully updated for your peace of mind. Don't miss the opportunity to own this turnkey duplex, ideally located near Muskoka Bay Park with its beautiful Lake Muskoka beach, tennis courts, playgrounds, and baseball diamond - your perfect investment opportunity awaits! (id:36809)
Property Details
| MLS® Number | X12469863 |
| Property Type | Multi-family |
| Community Name | Muskoka (S) |
| Equipment Type | Water Heater |
| Parking Space Total | 10 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Appliances | Water Heater - Tankless, All |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Walk Out |
| Basement Type | N/a (finished) |
| Construction Status | Insulation Upgraded |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 700 - 1,100 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 125 Ft ,4 In |
| Size Frontage | 165 Ft |
| Size Irregular | 165 X 125.4 Ft |
| Size Total Text | 165 X 125.4 Ft |
Utilities
| Cable | Available |
| Electricity | Installed |
https://www.realtor.ca/real-estate/29006003/120-bakery-lane-gravenhurst-muskoka-s-muskoka-s
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October 18 2025 11:50:23
The Lakelands Association of REALTORS®
Coldwell Banker The Real Estate Centre