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Listed 2 months ago

1002 Cowbell Lane

Morrison, Gravenhurst

$950,000

Detached|2-Storey
7 | 7 | 8
About this home

BEAUTIFUL WATERFRONT PROPERTY WITH OVER 5000 SQFT, 3 KITCHENS, 7 BEDROOMS, 7 BATHROOMS, 380 FT OF SHORELINE, ON OVER AN ACRE WITH CC-5 ZONING! This is not just a home, it is a property built for a much larger vision! Set on over an acre with Highway 11 access nearby for commuters and boating routes leading toward Sparrow Lake and the Trent Severn Waterway, this stately all-brick century home offers exceptional flexibility for residential or commercial use, with the scale to support guest accommodation, multigenerational living, or business ventures. Black shutters, plenty of windows, mature perennial gardens, and a newer wraparound deck give the exterior plenty of appeal, while the waterfront setting adds multiple outdoor deck areas, a volleyball court, a horseshoe pit, a newer dock, and ample parking. Original woodwork, 10 foot ceilings, and 3 fireplaces give the main living areas the kind of character newer homes cannot replicate, while updated finishes add a more modern layer to the home's classic appeal. The main kitchen features granite countertops, stainless steel appliances, upgraded cabinetry, and a large island, while 3 kitchens in total expand the options for extended family, shared living, or potential income-producing use. Upper level bedroom and bathroom capacity includes a mix of ensuite, semi-ensuite, and main bath access. Additional updates include fresh paint, plumbing upgrades, baths, laundry room, some window replacements, copper wiring, a 400 amp panel, exterior improvements including all decks and docks, and removal of the heritage designation for added freedom moving forward. This #HomeToStay really has it all!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age100+
Size5000 + sq. ft.
Property Tax$8,107
Lot Size380 ft x 119.22 ft
mls© NumberX13520202
Listed ByRE/MAX HALLMARK PEGGY HILL GROUP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,863
Property tax
$676
Heat allowance
$150
Housing costs
$5,688 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $190,000
25-yr amortization

Income needed

$175,000

gross annual household income

Payment at 4%
$3,998 / mo
Cash down
$190,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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