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1240 North Kahshe Lake Road Unit #2 #Unit #2

Morrison, Gravenhurst, ON
$2,099,000
3+1Bd
5Ba
1,750+sqft
6Parking
160 x 108 ftlot
$1199/sqft
DetachedMLS# X13065920Listed 2026-04-305 DOM
Heating
Water Heater Owned
Cooling
Central Vacuum
Basement
Finished with Walk-Out

About this home

Experience four-season waterfront living in South Muskoka, just 1.5 hours from Toronto with easy year-round access via a municipal road and just minutes to the highway and Gravenhurst. Set on 160 ft of pristine shoreline, this flat, beautifully landscaped lot features a sandy beach area, lakeside firepit, and a large dock with two boat slips. The waterfront is clean and deep, ideal for swimming and boating. An in-ground sprinkler system keeps the grounds lush all season. This cottage is fully furnished and move-in ready, including all water toys, outdoor furniture, and more - turn the key and enjoy! The open-concept main floor is designed to capture stunning lake views, with a kitchen featuring heated floors, a built-in beer tap, and walkout to a beautiful upper deck with new Duradek - the perfect setting for morning coffee or entertaining overlooking the water. The sunken family room offers vaulted ceilings and a wood-burning fireplace, creating a warm, inviting space. Offering 3 bedrooms, all with ensuites, including a primary suite with water views and rough-in for laundry. The finished lower level adds exceptional living space with a second wood-burning fireplace, wet bar with beer tap, guest suite, and a massive Muskoka room with hot tub - an ideal space to relax and entertain in any season. A spacious bonus room currently used as a shop offers potential for an additional bedroom or in-law suite with roughed-in plumbing. Lower level offers potential for a separate suite. Proven track record of strong rental income - inquire for financials. Additional features include parking for 6, a private driveway set back from the road, generator, storage shed, central vacuum, intercom system, UV water filtration, municipal garbage pick up, and an efficient electric furnace with heat pump and central A/C. Thoughtfully designed and fully equipped, this property offers everything you need for effortless, year-round living on the lake.

WaterfrontWalkoutFireplaceIn-law Suite

Rooms

Main Floor
Kitchen5.44 × 5.20 m
Dining Room4.75 × 3.51 m
Living Room5.89 × 5.46 m
Primary Bedroom4.73 × 4.47 m
Bedroom 23.35 × 3.51 m
Lower
Family Room5.35 × 5.92 m
Office4.83 × 5.99 m
Sunroom15.01 × 4.57 m
Bedroom 34.37 × 2.95 m

Features

  • Central Vacuum
  • Generator - Full
  • In-Law Capability
  • Intercom
  • Primary Bedroom - Main Floor
  • Storage
  • Water Heater Owned
  • Water Treatment
  • Deck
  • Hot Tub
  • Landscaped
  • Lawn Sprinkler System
  • Privacy
  • Year Round Living
  • Finished with Walk-Out
  • Central Air
  • Bungalow-Raised

Financials

Annual Taxes
$9,490.87

Estimated Rental Income

Entire property$3,200 – $4,800/mo
Rental yield1.8% – 2.7%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Gravenhurst

Days on market5 days
Buyer's MarketSeller's Market

Based on active listings in Gravenhurst. Data updates daily.

Our estimate for this home

Priced 98.2% above estimate
Estimated range
$980K$1.14M
Mid-point $1.06M · ~$605/sqft
How this listing compares
$980KList · $2.10M$1.14M
High confidence·Based on 7330 gta-wide comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

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. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. 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. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$2,099,000
1240 North Kahshe Lake Road Unit #2, Gravenhurst
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