120 Carrick Trail 502, Gravenhurst

$888,000
120 Carrick Trail 502

$888,000

New
22d
Condo ApartmentApartment

120 Carrick Trail 502, Gravenhurst

Total Monthly Obligation $5,091

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
22d
Score
14
Yield
2.9%
Cash on Cash
-16.9%
Cap Rate
0.9%
5Y IRR
2.5%
10Y IRR
4.6%
Property Type-Condo Apartment
MLS® Number-X13848574
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$7,130 (2026)
Maintenance-$715/mo
Locker-None
Parking-1 - Surface
Basement-Apartment
Heating-Forced Air (Gas)
Brokerage-Forest Hill Real Estate Inc.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Other
Possession-Immediate
Neighbourhood-Muskoka (S)
Title-Residential Condo & Other

No agent assigned

Rare opportunity to own one of only four penthouse residences at Muskoka Bay Resort. This spacious 2-bedroom, split-layout suite features soaring ceilings, floor-to-ceiling windows, and a private balcony with spectacular southwest views overlooking the resort's world-class golf course. Bright, modern, and fully furnished, this exceptional retreat offers effortless four-season resort living.Enjoy full access to an impressive array of resort amenities, including two outdoor pools, Muskoka's first rooftop infinity pool, the SkyBar, state-of-the-art fitness facility, and championship golf just steps away. Spring through fall, enjoy exceptional dining at one of Muskoka's finest patios, and the opportunity to play golf surrounded by stunning natural beauty. In winter, take advantage of on-site fat-bike and cross-country ski trails, plus an outdoor skating rink.Additional value includes a waived golf club initiation fee of up to $55,000. Annual dues and Food & Beverage minimums apply.Conveniently located near downtown Gravenhurst, with easy access to shopping, restaurants, amenities, attractions, and year-round events, including the popular Wednesday Farmers' Market. The professionally managed Resort Rental Program offers a convenient option for generating rental income when you are not occupying the suite yourself.A unique opportunity to own a fully furnished penthouse at one of Muskoka's premier four-season resorts.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$710,400
Land Transfer Taxes$14,235
Legal Fees (Est.)
$
Total cash required for closing$193,335

Total Monthly Obligation

$5,091/mo
Mortgage $3,582
Monthly Loss $4,149
Principal$943
Interest$2,639
Property Tax$594
Condo Fees$715
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.5%6
Cash-on-Cash
-20.0%0
5-Year IRR
0.2%3
10-Year IRR
3.4%
Returns Index
2.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$25,428/yr
NOI
$4,775/yr
Net Cash Flow
-$3,184/mo
Cash Margin
-150.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.111
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
16.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 120 Carrick Trail 502

Time

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Data last updated within the past 24 hours.