This fully renovated bungalow is perfectly situated on a rare and oversized double lot in one of the towns most desirable neighbourhoods just a short walk to Muskoka Beechgrove Public School. This warm and inviting home features a stunning open-concept layout with soaring vaulted ceilings, striking wood beams, and a spacious kitchen complete with a large island ideal for hosting family and friends. Major upgrades include a new gas furnace, hot water tank, complete foundation waterproofing, new insulation in walls and ceilings, new roof sheeting and shingles, all new siding, drywall, and a fully updated interior. With 3 bedrooms, 2 full bathrooms, a pantry, laundry room, and a thoughtfully designed floor plan, this home delivers comfort, character, and functionality. The true opportunity lies in the large double lot, which offers incredible development potential in one of Gravenhurst's most sought-after neighbourhoods. With municipal sewer and water available right at the road the property can likely be severed into two additional lots, making it an ideal choice for a wide range of buyers. Whether you're looking to sell the newly created vacant lots an extremely rare and valuable commodity in this area build your dream home while renting or selling the existing house, or develop a multi-unit investment property, the possibilities are endless. This property also presents a fantastic opportunity for entrepreneurs to build a shop with living quarters above or for families to create a backyard oasis with space for a pool, guesthouse, or custom outdoor retreat. No matter your vision, this lot offers the rare chance to build equity, generate income, or create the lifestyle you've been dreaming of all in a prime location with limited vacant land availability. A detached garage and shed offer extra storage or workspace. Whether you're an investor, entrepreneur, or homeowner with vision, this property is packed with potential and ready to help you build equity and income.
Address
460 Wellington Street
List Price
$889,000
MLS® Status
New
Expiration Date
2025-09-30
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
For Sale
Area
Gravenhurst
Sub-Area
Muskoka (S)
Region
Muskoka
Bedrooms
3
Bedrooms (Total)
3
Rooms Above Grade
7
Bathrooms
2
Floor Area
1100 - 1500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
200
Lot Size Units
Feet
Lot Width
150
Parcel Number
481780452
Occupant Type
Tenant
Cross Street
Muskoka Beach Road
MLS® Number
X12124637
Listing Brokerage
Coldwell Banker The Real Estate Centre
Basement Area
Crawl Space
Postal Code
P1P 1A5
Posession Details
Flexible
Parking
Private Double
Parking Places (Total)
8
Parking Spaces
8
Tax Amount
$3,045.00
Tax Year
2024
Exterior Features
Deck
Interior Features
Sump Pump, Water Heater Owned
Cable
Available
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Vinyl Siding
Direction Faces
East
Fireplace
No
Foundation Details
Concrete Block
Garage
Yes
Garage Type
Detached
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 18 CON 6 MUSKOKA AS IN DM289728; GRAVENHURST ; THE DISTRICT MUNICIPALITY OF MUSKOKA
Topography
Flat
Waterfront
No
Waterfront
None
Sewer
Septic