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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
1-333-345-6868info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

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For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 30 days

    27 Island 2ml

    Wood (Gravenhurst)·Gravenhurst, ON·P0E 1G0·Near By boat from North Morrison Lake Road landing

    • 3 beds
    Gravenhurst real estate›X13138748
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Nestled on over 2.2 acres of beautifully natural Muskoka landscape with an extraordinary 750 feet of pristine shoreline, this exceptional Cape Cod-inspired cottage on Morrison Lake offers a rare opportunity to experience waterfront living at its most private and picturesque. Surrounded by breathtaking lake views and mature natural surroundings, the property provides an unparalleled sense of peace, seclusion, and escape in the heart of South Muskoka. Custom built in 2005 with quality craftsmanship and timeless design, the cottage blends classic Muskoka charm with modern comfort. Warm and inviting interiors are complemented by high-end finishes and thoughtfully designed living spaces throughout. At the heart of the home, a stunning chef's kitchen with a large centre island creates the perfect gathering place for family and friends, while the open-concept living and dining areas are filled with natural light and showcase spectacular panoramic water views from nearly every vantage point. The cottage offers three generous bedrooms plus a versatile loft ideal for a home office, den, or additional sleeping accommodations. Two well-appointed bathrooms provide comfort and convenience, while a separate seasonal bunkie creates a private retreat for guests. Designed to embrace Muskoka's renowned outdoor lifestyle, the property features expansive decking, two covered porches, and an incredible all-season Muskoka room with retractable windows that invite the outdoors in and frame stunning waterfront vistas. Two private docks provide exceptional access to swimming, boating, and endless days on the water. Accessible by boat, this water-access-only property offers a level of privacy and tranquillity that is increasingly rare to find. Offering remarkable privacy, extensive shoreline, and an idyllic setting on one of South Muskoka's most sought-after lakes, this is a truly special waterfront retreat where unforgettable memories are made and cherished for generations.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    May 16, 2026ListedCurrentFor sale$1,449,900 —X13138748This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      5
      Heating
      Baseboard
      Air conditioning
      None
      Fireplaces
      1
      Water source
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 27 Island 2ml
    What's nearby

    Points of interest classified by the MLS® feed.

    • Island
    • Lake/Pond
    • Waterfront
    • Wooded/Treed
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $7,123
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $448
    0.37% mill rate · ON
    The market

    How this home sits in the Gravenhurst market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Gravenhurst market right now

    Average sold price, days on market, and closed-transaction count for Gravenhurst — sourced from MLS®.

    • Avg sold price
      $961,376
      Last 30 days
    • Median sold price
      $735,000
      Middle of the market
    • Days on market
      41 d
      Avg from list to close
    • Closed last 30d
      58
      MLS® transactions
    Full Gravenhurst market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 27 Island 2ml — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

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    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 27 Island 2ml and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 27 Island 2ml listed for?

      27 Island 2ml is listed at $1,449,900 on the MLS® (listing X13138748). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 27 Island 2ml have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 2 baths
  2. 1500-2000 sqft
  3. Detached
  4. Built 16-30
  5. 2-4.99 ac lot
  6. Asking
    $1,449,900
    $0 / sqft · MLS® X13138748
    Chat Zara
  7. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $961,376
    $884,466Confidence range$1,038,286
    Asking vs estimate
    ↑↑well-above
    +$488,524
    (+50.8%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 3 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Gravenhurst sell in about 41 days — this one has been listed 30 days.

    Avg sold price
    $961,376
    Median sold
    $735,000
    Avg days on market
    41
    Recently sold
    58
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    AI highlights by Zara
    • Surrounded by breathtaking lake views and mature natural surroundings, the property provides an unparalleled sense of peace, seclusion, and escape in the heart of South Muskoka.
    • Custom built in 2005 with quality craftsmanship and timeless design, the cottage blends classic Muskoka charm with modern comfort.
    • Warm and inviting interiors are complemented by high-end finishes and thoughtfully designed living spaces throughout.
    • Two private docks provide exceptional access to swimming, boating, and endless days on the water.
    Ask Zara a follow-up
    Other
    Sewer
    Septic
  8. Parking & garage

    3
    Garage
    None
    Parking spaces
    0
    Driveway
    Unreserved
  9. Interior

    4
    Basement
    Crawl Space
    Family room
    Y
    Kitchens
    1
    Total rooms
    9
  10. Exterior & construction

    6
    Exterior
    Cedar
    Roof
    Shingles
    Foundation
    Piers, Post & Pad
    View
    Forest, Lake, Trees/Woods, Water
    Waterfront
    Y
    Pool
    None
  11. Lot & land

    1
    Year built
    16-30
  12. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    1 1/2 Storey
    Property class
    Detached
  13. Combined estimate
    $7,571
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $7,123
    /mo
    based on the purchase price of $1,449,900
    $289,980 cash
    $1,159,920 financed
    $976,957 total interest
    Monthly payment$7,123/ month
    Principal54%$1,159,920
    Interest46%$976,957

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

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Gravenhurst

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 1055 Thanksgiving Rock Way
      Sold
      Sign in for price
      1055 Thanksgiving Rock Way
      Detached
    • 1103 N Morrison Lake Road
      Sold
      Sign in for price
      1103 N Morrison Lake Road
      Detached
    • 1319 Silver Lake Road
      Sold
      Sign in for price
      1319 Silver Lake Road
      Detached
    • 1150 Road 1000
      Sold
      Sign in for price
      1150 Road 1000
      Detached
    • 1034 Xavier Street
      Sold
      Sign in for price
      1034 Xavier Street
      Detached
    • 1317 West Lionshead Road
      Sold
      Sign in for price
      1317 West Lionshead Road
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    27 Island 2mlThis home3 / 215,002,000$1,449,900ask———
    1055 Thanksgiving Rock Way2 / 1700—
    1103 N Morrison Lake Road3 / 1700—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Gravenhurst

    Active listings within ±20% of this asking price.

    • 1065 Kilworthy Road
      $1,399,000
      1065 Kilworthy Road
      Detached 3 3
    • 1018 Georgina Way
      $1,729,000
      1018 Georgina Way
      Detached 3 2
    • 1743 North Muldrew Lake Road
      $1,199,999
      1743 North Muldrew Lake Road
      Detached 3 1
    • 1161 Barkway Road
      $1,399,900
      1161 Barkway Road
      Detached 4 4
    • 11 Breakwater Court
      $1,495,000
      11 Breakwater Court
      Detached 6 5
    • 83 Pinetree Road
      $1,299,000
      83 Pinetree Road
      Detached 5 4
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  14. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  15. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  16. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  17. Public listing courtesy of Royal LePage Lakes Of Muskoka Realty · displayed on Summitly per MLS® data-share rules

    27 Island 2ml is a 3-bedroom, 2-bath, 1500-2000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  18. When was 27 Island 2ml built?

    27 Island 2ml was built in 16-30. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  19. What is the property tax for 27 Island 2ml?

    The 'Property tax' tab in the History section shows the most recent annual tax for 27 Island 2ml plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  20. How much would the monthly mortgage be on 27 Island 2ml?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,449,900 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  21. Has 27 Island 2ml been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 27 Island 2ml with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  22. What neighbourhood is 27 Island 2ml in?

    27 Island 2ml is in Wood (Gravenhurst), Gravenhurst. The 'Neighbourhood' section below links to the live Gravenhurst real estate hub with average sold price, days on market, and current inventory.

  23. Is Gravenhurst a good place to live?

    Gravenhurst is one of ON's actively-tracked Summitly markets. The full Gravenhurst real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  24. 1319 Silver Lake Road
    4 / 3
    1,100
    —
    1150 Road 10003 / 32,000—
    1034 Xavier Street3 / 32,000—
    1317 West Lionshead Road3 / 31,100—