130 Steamship Bay Road 504, Gravenhurst

$589,000
130 Steamship Bay Road 504

$589,000

New
22d
Condo Apartment1 Storey/Apt

130 Steamship Bay Road 504, Gravenhurst

Total Monthly Obligation $4,239

Beds
2
Baths
2
Park
2
Sqft
1000-1199
DOM
22d
Score
19
Yield
7.7%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Condo Apartment
MLS® Number-X13848682
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 1, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,471.98 (2026)
Maintenance-$1,374.27/mo
Locker-Owned
Parking-2 - Carport
Basement-None
Heating-Forced Air (Gas)
Brokerage-Royal LePage Lakes Of Muskoka - Clarke Muskoka Realty
Cooling-Central Air
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Hardboard
Possession-Immediate
Neighbourhood-Muskoka (S)
Title-Residential Condo & Other

No agent assigned

Welcome to 130 Steamship Bay Road, this inviting 2-bedroom, 2-bathroom condo is ideally situated in the heart of Gravenhurst, offering a low-maintenance lifestyle just steps from the waterfront and Muskoka Wharf. Enjoy morning walks along the boardwalk, afternoons on the golf course at nearby Muskoka Bay Resort, and evenings exploring the area's many restaurants, cafés, shops, and local attractions. Located just minutes from downtown Gravenhurst and surrounded by some of Muskoka's most celebrated lakes, golf courses, marinas, and recreational opportunities, this property is perfectly suited as a year-round home, weekend getaway, or investment opportunity. Experience the best of Muskoka living with convenience, recreation, and natural beauty all within reach of 130 Steamship Bay Road.

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

Closing Costs

Mortgage Amount
$471,200
Land Transfer Taxes$8,255
Legal Fees (Est.)
$
Total cash required for closing$127,555

Total Monthly Obligation

$4,239/mo
Mortgage $2,376
Monthly Loss $3,614
Principal$625
Interest$1,751
Property Tax$289
Condo Fees$1,374
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%19
Cash-on-Cash
-7.8%1
5-Year IRR
9.9%35
10-Year IRR
10.8%
Returns Index
18.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$45,516/yr
NOI
$18,601/yr
Net Cash Flow
-$826/mo
Cash Margin
-21.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.7/ 100

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

Comparables

Properties near 130 Steamship Bay Road 504

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.