635 FIRST STREET SOUTH
Toronto · P1P1K1
$559,000
About this residence
Discover this fully legal, income-generating duplex located in the heart of Gravenhurst, an ideal opportunity for investors or first-time buyers looking to offset their mortgage. Just minutes from downtown, Gull Lake, and Lake Muskoka, this well-maintained property offers two self-contained units, each with separate hydro and gas meters, private driveways with two-car parking, individual fenced backyards, and separate laundry facilities for added convenience. In 2025, significant updates were completed, including a full renovation of Unit A and new vinyl siding across the entire exterior. Unit A features a modern kitchen with stainless steel appliances, new drywall, updated flooring and windows, a renovated 4-piece bathroom, three spacious bedrooms, an eat-in kitchen, a generous living area, and a detached garage vacant and ready for immediate occupancy. Unit B includes two bedrooms, a 4-piece bathroom, a full kitchen, a comfortable living room, and access to an unfinished basement offering ample storage. This turnkey duplex offers a rare combination of functionality, privacy, recent upgrades, and strong income potential in one of Muskoka's most desirable communities. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Duplex
- Bedrooms
- 5 (5 above)
- Bathrooms
- 2
- Storeys
- 2
- Living area
- 1,500–2,000 sq ft
- Lot size
- 66 x 66 FT
- Frontage
- 66 feet
- Parking
- 5 spaces
- Annual tax
- $2,016
- MLS®
- X12539916
- Board
- Toronto
- Status
- Inactive
- Listed
- Nov 13, 2025
- Updated
- Jan 5, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Eating area | Main level | 6.3 × 2.3 m |
| Bedroom 2 | Main level | 4.2 × 3 m |
| Kitchen | Main level | 4.8 × 2.3 m |
| Living room | Main level | 4.5 × 2.4 m |
| Laundry room | Main level | 2.8 × 2 m |
| Bedroom | Second level | 3.6 × 3.9 m |
| Bedroom 2 | Second level | 4.6 × 2.9 m |
| Bedroom 3 | Second level | 2.9 × 3 m |
| Living room | Main level | 3.6 × 4.6 m |
| Kitchen | Main level | 2.5 × 4.6 m |
| Bedroom | Main level | 3.2 × 3.4 m |
Features & finishes
Appliances
- Washer
- Refrigerator
- Dryer
- Stove
- Water Heater
Heating
- Forced air
- Natural gas
Cooling
- Central air conditioning
Basement
- Unfinished
Exterior
- Aluminum siding
- Vinyl siding
Foundation
- Block
Parking
- Garage
- Detached Garage
Sewer & Utilities
- Sanitary sewer
Financing
Estimated monthly payment
$2,614/mo
Loan amount
$447,200
Down payment
$111,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Toronto
Nearby
About the area
Census · P1P- 11,083
- Population
- 54
- Median age
- $72,500
- Median income
- $500,000
- Median home value
- 76%
- Home ownership
- 25 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 635 FIRST STREET SOUTH?
635 FIRST STREET SOUTH is listed for $559,000, in Toronto.
How many bedrooms and bathrooms does 635 FIRST STREET SOUTH have?
It offers 5 bedrooms and 2 bathrooms.
What type of home is 635 FIRST STREET SOUTH?
635 FIRST STREET SOUTH is a Multi-family, Duplex set over 2 storeys.
How large is 635 FIRST STREET SOUTH?
The home offers approximately 1,500–2,000 sq ft of living space on a lot measuring 66 x 66 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,614. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $2,016 per year.
Is there parking?
Yes — 635 FIRST STREET SOUTH includes 5 parking spaces.
What is the Toronto area like?
Toronto has a population of about 11,083, a median age of 54, a 76% home-ownership rate, with an average commute of about 25 minutes.
What is the average home value in Toronto?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Toronto?
The median household income in this area is approximately $72,500.
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