DetachedOn market 59 days

1008 Cove Rd, Gravenhurst

Name: 1008 Cove Road
SKU: X13710706
Price: 875000 CAD
Availability: InStock

Gravenhurst, ON · · MLS® X13710706Updated August 31, 2026

$875,000Est. $4,299/mo mortgage

Bedrooms: 3
Bathrooms: 1
Living space: 1500–2000sq ft
Parking spaces: 12

Type Detached
Lot 25.995 acres
Garage Yes
Basement Crawl Space, Unfinished

What you should know

1008 Cove Rd is a 3-bedroom, 1-bathroom detached home in Gravenhurst, listed for $875,000. It has 1500-2000 sq ft of living space.

The water stays in sight from the updated kitchen and dining area, then opens up from the deck with newer glass-panel railings and a gazebo overlooking the lake.
The kitchen pairs quartz countertops with white shaker cabinetry, stainless steel appliances, subway tile and pendant lighting.
Hardwood and luxury vinyl flooring continue through three spacious bedrooms and a 4-piece bathroom, while the 3-season Muskoka room trades lake views for the surrounding forest.

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3 Bed, 1 Bath Detached Home in Gravenhurst

About 1008 Cove Road

FOUR-Season morrison lake living with lake views & a separate sleeping cabin! Morrison Lake sets the backdrop for a property built around time at the water, with a large dock currently in place, a detachable floating swim platform, an expansive deck and lake views carried through the main living spaces. The water stays in sight from the updated kitchen and dining area, then opens up from the deck with newer glass-panel railings and a gazebo overlooking the lake. The kitchen pairs quartz countertops with white shaker cabinetry, stainless steel appliances, subway tile and pendant lighting. In the living room, an oversized lake-facing window and wood stove make the setting just as appealing once the temperature drops. Hardwood and luxury vinyl flooring continue through three spacious bedrooms and a 4-piece bathroom, while the 3-season Muskoka room trades lake views for the surrounding forest. A separate sleeping cabin gives family and friends their own quarters with two bedrooms, a 3-piece bathroom, and its own lake-view deck. An insulated, propane-heated double garage/shop offers room for vehicles, tools and lake gear, complemented by ample gravel parking, two sheds, a dog run, outhouse and a 10kW generator capable of powering most of the main home. This #HomeToStay turns ordinary days into the ones you'll remember most.

3 bedrooms, 1 bathroom, about 1,500 sq ft, works out to roughly $583 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 1008 Cove Rd

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow
Living space: 1500-2000 sq ftas stated on the listing
Parking: 12 spacesYes garage
Basement: Crawl Space, Unfinished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 12

Interior

Basement: Crawl Space · Unfinished

Lot & land

Lot size (sqft): 0.97

Listing & possession

Property style: Bungalow
Property class: Detached

1008 Cove Rd Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Aug 25, 2026For saleListedThis listingMLS® X13710706$875,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 1008 Cove Rd Compares to the Gravenhurst Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 148 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Gravenhurst market, last 90 days

Median sold price: $639,000
Average sold price: $802,312
Average days on market: 44
Homes sold: 93

Closed sales on the TRREB MLS®.

Full Gravenhurst market report

Recently sold nearby in Gravenhurst

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home1008 Cove Road 3 bd · 1 ba · 1,500 sqft	$875,000asking	$583	—	—
1021 Tower Crescent 3 bd · 2 ba · 1,100 sqft
26 Taylor Island 26LM N/A 3 bd · 1 ba · 1,100 sqft
170 Hill Street 3 bd · 2 ba · 1,500 sqft
2164 169 Muskoka Road 3 bd · 3 ba · 3,000 sqft
610 John Street 3 bd · 2 ba · 1,100 sqft
1032 Cowbell Lane 4 bd · 2 ba · 2,000 sqft

1021 Tower Crescent
3 bd · 2 ba · 1,100 sqft
26 Taylor Island 26LM N/A
3 bd · 1 ba · 1,100 sqft
170 Hill Street
3 bd · 2 ba · 1,500 sqft
2164 169 Muskoka Road
3 bd · 3 ba · 3,000 sqft
610 John Street
3 bd · 2 ba · 1,100 sqft
1032 Cowbell Lane
4 bd · 2 ba · 2,000 sqft

Living in Gravenhurst: Location & Amenities

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Costs, Mortgage & Rental Return for 1008 Cove Rd

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $4,299; 20% down · 25 years · 5.5% assumed
Property tax: $481; 0.66% mill rate · ON
Total per month: $4,780; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$4,299

/mo

based on the purchase price of $875,000

Down payment20%

$175,000 cash

Amortization25 yr

$700,000 financed

Rate5.50%

$589,584 total interest

Principal54%$700,000

Interest46%$589,584

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Listing brokerage: RE/MAX HALLMARK PEGGY HILL GROUP REALTY, BrokerageMLS® X13710706 · Listing data last updated August 31, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Aug 24· $583/sq ft

Estimated monthly mortgage$4,299/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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