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For saleListed May 16MLS® X13138794

45 Island 2ml Island, Gravenhurst, ON P0E 1G0

Wood (Gravenhurst), Gravenhurst · Near Southwood / North Morrison Lake · View map

$789,000
2+1Beds
2Baths
700–1100Sq ft
BungalowType
NoneParking
Exposed Rock, Separate Entrance, UnfinishedBasement
$3,204/yrTaxes
Call / Text Will
$789,000
Separate entranceRoom for an in-law or income suite
PoolOther
FreeholdNo monthly condo fee
Lot 120 x 344 ftThe land comes with the home
WaterfrontOn the water
Newer homeUp to 5 years old

About this home

Morrison Lake Waterfront Island 4 Season Cottage/Home! Enjoy easy access from deeded mainland parking at Morrison Landing Government Dock, just seconds across the lake to your own private waterfront retreat. Property features a beach excellent for families wanting to bask near the waters edge, huge dock with plenty of boat parking, fire pit and a roadway/driveway from the shoreline right to the cottage door for easy access.The original cottage was completely rebuilt from the ground up with all new infrastructure including, heating and A/C systems, electrical, plumbing, insulation, structural supports and tasteful top-to-bottom renovations. Meticulously maintained and low maintenance, the main cottage features 2 large bedrooms (one with an office area overlooking water), a full 3-piece bathroom, premium wood walls & ceilings, durable flooring, and pot lighting throughout.The kitchen is an entertainer's delight with full-size appliances, granite countertops, and ample storage. Newly constructed Swiss Family Robinson-style stand alone bunkie features a huge guest suite above complete with a screened-in porch overlooking the lake (steel roof). Below the bunkie offers a covered sitting area to extend the outdoor season plus a full-size hot tub for year round enjoyment. Newly built boathouse (could be another bunkie) near the water's edge.Excellent septic system (heated for winter use) and drinkable water with filtration system. All indoor furniture is included; the work has been done, just move in and enjoy! Morrison Lake offers excellent boating, water skiing, paddling, fishing, snowmobiling, and a wonderful welcoming community year-round!

The home

Type
Bungalow
Style
Bungalow
Square footage
700-1100 sq ft
Bedrooms
2
Basement bedrooms
1
Bathrooms
2
Kitchens
1
Rooms
6
Basement
Exposed Rock, Separate Entrance, Unfinished
Lot size
120 x 344 ft
Faces
North
View
Water, Trees/Woods, Lake, Forest, Panoramic
Approximate age
0-5 years

Ownership & fees

Ownership
Freehold
Monthly condo fee
None
Exterior
Vinyl Siding

Heating & cooling

Heating fuel
Electric
Heating type
Heat Pump
Air conditioning
Wall Unit(s)
Fireplace
Yes

Garage & parking

Garage spaces
1
Total parking
None
Parking features
Circular Drive

Taxes & other

Property taxes
$3,204/yr
Tax year
2025
Occupancy
Owner
Possession
TBD
Cross street
Southwood / North Morrison Lake
Neighbourhood
Wood (Gravenhurst)

More

Price per sq ft
~$877 (at 900 sq ft)
Listed
May 16, 2026 · 149 days ago
MLS® number
X13138794

The home and its surroundings

  • Accessory Apartment
  • On Demand Water Heater
  • Upgraded Insulation
  • Workbench
  • Water Treatment
  • Water Purifier
  • Storage
  • Propane Tank
  • Carpet Free
  • Lake/Pond
  • Beach
  • Lake Access
  • Wooded/Treed
  • Skiing
  • Island
Want to know something that isn’t listed?
Estimated monthly cost$3,450per month, all in
  • Mortgage
  • Property tax

Cash needed to close

    Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.

    Know exactly what you can affordRun your own numbers with our mortgage and land transfer tax calculators.
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    45 Island 2ml Island, Gravenhurst, ON P0E 1G0

    Wood (Gravenhurst), Gravenhurst · Near Southwood / North Morrison Lake

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    Sold history

    Listing history for 45 Island 2ml Island

    See what this home and others at the same address were listed for, what they sold for, and how long it took.

    Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.

    Questions & answers

    Frequently asked questions about 45 Island 2ml Island

    Answers come straight from this home’s MLS® listing.

    How much is 45 Island 2ml Island listed for, and what would it cost each month?

    45 Island 2ml Island is listed for $789,000. With 20% down ($157,800), the mortgage payment would be roughly $3,183 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,450 a month, all in. That figure is an illustration, not a quote.

    Is 45 Island 2ml Island freehold or a condo, and is there a monthly fee?

    45 Island 2ml Island is a bungalow in Wood (Gravenhurst), Gravenhurst. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.

    How many bedrooms and bathrooms does 45 Island 2ml Island have?

    45 Island 2ml Island has 2 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms.

    Does 45 Island 2ml Island have a garage and parking?

    The listing does not show a garage. The listing does not include a parking space.

    Does 45 Island 2ml Island have a finished basement?

    The listing describes the basement as exposed rock, separate entrance, unfinished. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.

    What style of home is 45 Island 2ml Island?

    45 Island 2ml Island is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.

    Does 45 Island 2ml Island have a pool?

    Yes. The listing shows other for the pool. Ask about its age, liner and equipment before you offer, since those are the costly parts to replace.

    How big is 45 Island 2ml Island, and what is the lot size?

    The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 120 x 344 ft.

    How is 45 Island 2ml Island heated and cooled?

    Heating is heat pump (electric). Cooling is wall unit(s).

    What are the property taxes for 45 Island 2ml Island?

    Property taxes are $3,204 a year (2025), or about $267 a month.

    Where is 45 Island 2ml Island?

    45 Island 2ml Island is in the Wood (Gravenhurst) community of Gravenhurst. The nearest main intersection is Southwood / North Morrison Lake. The postal code is P0E 1G0.

    How long has 45 Island 2ml Island been on the market?

    45 Island 2ml Island was listed on May 16, 2026. It has been on the market for 149 days. It is an active listing (MLS® X13138794). Listings here update from the board through the day and come down once a home sells.

    What are similar bungalows near 45 Island 2ml Island asking?

    Similar bungalow-style homes for sale nearby right now include 1283 West Lionshead Road at $869,000 (2+1 bed), 19 Springwood Crescent at $660,000 (2+2 bed) and 1012 Armstrong Road at $729,900 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.

    What have homes at 45 Island 2ml Island sold for?

    Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.

    How do I book a showing at 45 Island 2ml Island?

    Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.

    Have a different question? Ask about this home and get an answer, usually within the hour.

    *Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.

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