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Investment signal

$699,900

455 LOUISE STREET

Beds

5

Baths

3.1

Sqft

Year

Location

See the block, not just the house.

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About this home

Welcome to this ideally located raised brick bungalow in the heart of Gravenhurst, just a short walk to beautiful Lorne St. beach and Gateway Ungerman Park on Lake Muskoka. This well maintained all brick home offers 3+2 bedrooms and 2.5 bathrooms, perfectly suited for families, those seeking multigenerational living or rental income. The main floor features a bright, open-concept living and dining area, ideal for both everyday living and entertaining. Updated flooring, kitchen cabinets, pot lights, granite countertops, heated tile bathroom flooring and more. The home has a spacious kitchen and dining room both with easy access to the back yard and deck. The dining room offers a sliding door walkout to the large deck overlooking the private backyard perfect for summer gatherings, hot tubbing, fires and outdoor enjoyment. The fully finished lower level in-law suite expands your living space with a generous family room, a full kitchen, 2 bedrooms and a full bathroom. With separate garage walk-up entrance it allows for easy grocery drop offs right into the LL kitchen. An oversized single attached garage provides convenient access to both the lower level and backyard, while the paved circular driveway ensures plenty of parking for guests and family. Excellent access to the backyard for boat storage, travel trailers, and toys, easy to get machines back to the backyard for servicing or a future pool installation. Situated in a desirable neighbourhood with 1,200 sq ft both up and down this bungalow combines comfort, functionality, and an unbeatable location close to the water, trails, and town amenities. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Muskoka (S)
Common interest
Freehold
Lot dimensions
69.1 x 137.3 FT
Bedrooms
3 above grade, 2 below grade
Parking
7 total
Stories
1
Fireplace
1
On market
Apr 10, 2026
Status changed
Apr 15, 2026
Annual tax
$3,442.37 (2025)
Zoning
R1
Photos
47
MLS#
X12982604
Area
GRAVENHURST_(MUSKOKA_(S))

Features and systems

Parking

Attached GarageGarage

Basement

FinishedFullApartment in basementSeparate entranceWalk-upN/AN/AN/AN/A

Appliances

WasherRefrigeratorWater meterDishwasherStoveDryerWindow Coverings

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

BlockConcrete

Lot

LevelCarpet FreeGuest SuiteIn-Law Suite

Utilities

ElectricityCableTelephoneWirelessNatural Gas AvailableElectricity Connected
Negative cash flow ~$1,386/mo at these assumptions

Cash on cash

-11.88%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,959

Financing

Down payment$139,980
Loan amount$559,920
Mortgage$3,435/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$321
Insurance$80
Maintenance$583
CapEx reserve$292
Vacancy loss$175

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle 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.

Mortgage estimate

Estimated $3,435/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.

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