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Listed 1 month ago

1037 Rockcastle Road

Morrison, Gravenhurst

$1,485,000

Detached|Bungalow
3 | 3 | 9
About this home

Top 5 Reasons You Will Love This Home: 1) Set on an impressive 2-acre property with 205' of beautiful waterfront along the renowned Trent-Severn Waterway, this exceptional setting offers direct access to Sparrow Lake, Lake Couchiching, and Lake Simcoe, creating the perfect backdrop for boating, relaxing, and enjoying year-round waterfront living 2) Custom built in 1997 with a thoughtfully designed modern layout, this expansive five bedroom home offers 3,900 square feet of total living space, providing an abundance of room for comfortable everyday living, entertaining, and memorable family gatherings 3) Conveniently located with easy access from Toronto and just 15 minutes from Orillia, this property delivers peaceful waterfront living while remaining close to restaurants, shopping, entertainment, and all essential everyday amenities 4) Beautifully maintained and thoughtfully designed for everyday comfort, this home features a separate main level primary bedroom, convenient main level laundry with a utility tub, and a fully finished lower level, offering a move-in ready space with plenty of room to relax, entertain, and enjoy for years to come 5) Perfectly positioned at the gateway to the Muskokas, this home presents endless opportunities to experience and enjoy everything this sought-after region is known for, from boating and waterfront living to golf, hiking, dining, and year-round recreation. 2,387 above grade sq.ft. plus a finished lower level.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age16-30
Size2000-2500 sq. ft.
Property Tax$7,388
Lot Size206 ft x 439.83 ft
mls© NumberX13572978
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

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%
$7,601
Property tax
$616
Heat allowance
$150
Housing costs
$8,367 / mo

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

Down payment20% · $297,000
25-yr amortization

Income needed

$257,000

gross annual household income

Payment at 4%
$6,249 / mo
Cash down
$297,000

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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