$164,499
410 - 285 STEAMSHIP BAY ROAD
Beds
1
Baths
1
Sqft
—
Year
—
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Gravenhurst (Muskoka (S)). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
INCREDIBLE TURN-KEY INVESTMENT OPPORTUNITY ON LAKE MUSKOKA! Turn your Muskoka getaway into a smart investment with this incredible suite at the Residence Inn by Marriott Muskoka Wharf in Gravenhurst. Fully furnished with tasteful finishes and timeless design, this 1-bedroom unit spans over 500 sq ft and features a kitchen with stainless steel appliances, an eating area, and a living room enhanced by a gas fireplace and walkout to a private balcony with water views. The primary bedroom is appointed with a king bed, while the 4-piece bathroom completes the layout. Owners enjoy 35 days of personal use per year with the balance in a hotel-managed rental program that potentially generates income. Premium amenities include concierge service, fitness room, indoor pool and hot tub, media room, party room, business centre, coin laundry, daily continental breakfast, and a 24-hour coffee and tea bar. Situated directly on Lake Muskoka, you are steps from the scenic Muskoka Wharf boardwalk, the interactive Muskoka Discovery Centre, and Bethune Memorial House. Enjoy lakeside walks on the Peninsula Trail, catch a show at the nearby Opera House, explore local parks, and dine at a variety of restaurants, with year-round activities including boating, swimming, golfing, hiking, biking, snowmobiling, and ice fishing at your fingertips. An ideal opportunity to own in Muskoka with personal enjoyment and potential income all in one! (id:65958)
- Subtype
- Single Family
- Structure
- Apartment
- Community
- Muskoka (S)
- Common interest
- Condo/Strata
- Bedrooms
- 1 above grade
- Parking
- 0 total
- Condo/HOA fee
- $0 monthly
- Fireplace
- 1
- On market
- Apr 14, 2026
- Status changed
- Apr 14, 2026
- Annual tax
- $2,122.39
- Zoning
- C-4
- Photos
- 25
- MLS#
- X12996292
- Area
- GRAVENHURST_(MUSKOKA_(S))
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Flooring
Foundation
Lot
Community
View
Waterfront
Pool
Fee includes
Cash on cash
11.02%
Cap rate
7.07%
GRM
9.8
Break-even rent
$1,082
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.