
1 Island 2SL
Gravenhurst (Morrison), ON P1P 1R1
- 6Bedrooms
- 2Bathrooms
- 0Garage
- 1100–1500Sq Ft
- $3,465Tax
- 705 ftLot frontage
- Estimated Value:$649,900See Free Estimate Report

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About 1 Island 2SL, Gravenhurst, Morrison
Summarized Description
- Own a private island on Sparrow Lake.
- Three cabins with two bedrooms each.
- Stunning lake and sunset views.
- Convenient boat access with two docks.
- Ideal for family gatherings and relaxation.
- Multiple outbuildings for storage and gardening.
- Access to Trent-Severn Waterway for exploration.
- Recently reduced price for quick sale.
PARADISE FOUND - YOUR OWN PRIVATE ISLAND ON SPARROW LAKE! Imagine summers spent surrounded by water, spectacular sunsets and the people who matter most. Ernest Island is a truly special opportunity to own an entire private island on beautiful Sparrow Lake, offering the perfect setting for unforgettable family memories and a genuine escape from the everyday. Family-owned for decades, this unique property features three separate and private cabins, each with two bedrooms, comfortable living spaces and endless lake views. The thoughtful layout makes it ideal for extended family and guests, giving everyone their own space while still bringing everyone together in one extraordinary setting. The island's privacy, natural topography and stunning waterfront create countless opportunities to relax and disconnect. Enjoy massive sunset views, find your own favourite spot along the shoreline, gather around the firepit, or spend the day on the water. With two separate docking areas, easy boat access and a short ride to nearby marinas and landings, getting to and from the island is wonderfully convenient. Sparrow Lake is part of the Trent-Severn Waterway, offering boat access toward Georgian Bay, Lake Couchiching, Lake Simcoe and beyond - making this an exceptional base for exploring the surrounding waterways. The property is also exceptionally well equipped for island living, with multiple outbuildings providing plenty of storage, along with gardening areas, a firepit and numerous spaces to simply enjoy the outdoors. For those looking to make this summer the one they finally make the move, Ernest Island is now offered at a newly reduced price as part of an end-of-season opportunity. A rare chance to step into a property like this - without waiting for another season. Come experience Ernest Island for yourself and discover why some places are more than a cottage - they become part of the family story.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,465
- Land Transfer Tax Fee
- $9,473
Rental Items
- Rental Equipment
- None
- Basement Type
- None
Interior Features
- Laundry Level
- Main Level
- Interior Extras
- Guest Accommodations, Primary Bedroom - Main Floor
- View
- Bay, Lake, Water
- Fireplace/Stove
- Yes
- Fireplace Features
- Wood Stove
- Elevator
- No
Exterior Features
- Exterior Extras
- Deck, Fishing, Privacy, Porch
- Pool
- None
- Property Features
- Clear View, Island, Lake/Pond, Marina, Waterfront
- Other Structures
- Shed, Workshop
Building
- Building Type
- Detached
- Building Style
- Bungalow
Construction
- Exterior Finish
- Vinyl Siding, Wood
- Roof
- Asphalt Shingle
- Foundation Details
- Piers, Other
- Special Designation
- Unknown
Lot
- Lot Front
- 705.00 ft
- Lot Size
- 0.75
- Lot Shape
- Irregular
Inclusions
- Inclusions
- See Schedule "C"
Exclusions
- Exclusions
- See Schedule "C"
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Heating & Cooling
- Heat Source
- Wood
- Heat Type
- Other
- Air Conditioning
- Wall Unit(s)
- Water
- Other
- Sewers
- Septic
- Hydro
- Yes
- Bedrooms
- 6
- Washrooms
- 2
- Kitchens
- 2
Washrooms
- 4-piece
- 2-piece
- Municipality
- Gravenhurst
- Neighbourhood
- Morrison
- Main cross streets
- Sparrow Lake
- Directions
- By boat from Franklin Park to Ernest Island
- Waterfront
- Direct
- MLS® number
- X13690910
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-09-30
- Listed on
- 2026-08-19
- Days on market
- 42 days
- Possession type
- Flexible
- Co-op commission
- 2.5% plus HST
- Seller
- Listed by
- Royal LePage Lakes Of Muskoka Realty
Home Market Value
Current home valuation for 1 Island 2SL, Gravenhurst, Morrison, Gravenhurst, ON. Listed for $649,900
HOMEH Estimate
$649,900
Estimated Sales Range
$513,421 - $786,379
HOMEH Estimate for 1 Island 2SL, Gravenhurst, Morrison
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $149,900 over $500K
$39,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $24,384 | $18,132 | $15,468 | $0 |
=Total mortgage | $633,990 | $603,042 | $567,883 | $519,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,095monthly | $2,944monthly | $2,773monthly | $2,539monthly |
Land Transfer Tax
$9,473
$9,473
Around this home
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