1088 Merkley Rd is a land in Gravenhurst, listed for $389,000.
1Own a piece of Muskoka for less than you think.
2This remarkable 4.74-acre property near Gravenhurst is one of the most turn-key vacant lots you'll find in the region - the hard work and upfront costs have already been done for you.
3There's even an approved entrance permit and a drain pump system to connect the trailer to the septic.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in Gravenhurst
About 1088 Merkley Road
Own a piece of Muskoka for less than you think. This remarkable 4.74-acre property near Gravenhurst is one of the most turn-key vacant lots you'll find in the region - the hard work and upfront costs have already been done for you. A drilled well is in place, the septic system is installed, electrical connections are available on-site, development charges and permit fees have already been paid, and architectural drawings are ready to hand to your builder. There's even an approved entrance permit and a drain pump system to connect the trailer to the septic. All you need to do is build. Whether you're dreaming of a private family retreat, a full-time rural home, or a smart long-term investment in one of Ontario's most beloved cottage regions, this property delivers the canvas - with none of the red tape. A temporary mobile home is on-site for convenience while you plan and build. Don't let this one pass you by.
Gravenhurst land priced at $389,000 — book a tour to see if it fits your search.
Inside 1088 Merkley Rd
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
202599
Listing & possession
Property class
Vacant Land
1088 Merkley Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13042146$389,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1088 Merkley 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
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,911
/mo
based on the purchase price of $389,000
$77,800 cash
$311,200 financed
$262,112 total interest
Principal54%$311,200
Interest46%$262,112
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.
For homeowners nearby
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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.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio94.0%On average, homes sold below asking.
Active listings293Homes for sale here right now.
Median vs prior 90 days−7.7%Compared with May 4 – Aug 2, 2026: prices down.
Based on 91 sales from Aug 2 – Oct 31, 2026 (74 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1088 Merkley Rd
How much is 1088 Merkley Rd listed for?
1088 Merkley Rd is listed at $389,000 (MLS® X13042146). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1088 Merkley Rd changed?
No — 1088 Merkley Rd is still listed at its original asking price of $389,000.
How many bedrooms and bathrooms does 1088 Merkley Rd have?
The listing for 1088 Merkley Rd doesn't publish its bedroom and bathroom count. It is a lot in Gravenhurst.
How much would the monthly mortgage be on 1088 Merkley Rd?
About $1,911 a month — principal and interest on $389,000 with 20% down ($77,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1088 Merkley Rd compare with other homes in Gravenhurst?
Its asking price of $389,000 is about 39% below the median sold price in Gravenhurst over the last 90 days, $635,000, across 91 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1088 Merkley Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1088 Merkley Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1088 Merkley Rd?
1088 Merkley Rd is in Gravenhurst, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1088 Merkley Rd been on the market?
190 days — 1088 Merkley Rd was listed on April 24, 2026.
What is the lot size of 1088 Merkley Rd?
The lot is 3.495 acres, as published in the listing.
What is the land transfer tax on 1088 Merkley Rd?
About $4,310 in Ontario land transfer tax at the asking price of $389,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 1088 Merkley Rd or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 1088 Merkley Rd?
The listing for 1088 Merkley Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Gravenhurst.
