$749,000
Georgian Bay
29 Kilty Bay Road, Georgian Bay (Freeman), Ontario, P0C1H0
This 3-bedroom, 1-bathroom home in Georgian Bay is for sale offering roughly 1,300 sq ft of space. Listed at $749,000, it is attractively priced about 17% below the $899,000 median asking price in Georgian Bay. It has been on the market 62 days, fresher than the Georgian Bay average of 109 days.
There are waterfront properties you buy for what they are today, and others you buy because you can see what they could become. This one offers a little of both. Set on a large, private property on Stewart Lake near MacTier, this older three-bedroom cottage has the kind of character that is increasingly hard to find. It is dated-very dated-but that's also part of what makes it interesting. Inside, old windows frame the lake from two sunrooms; original-feeling woodwork adds warmth and a fireplace, while not currently operational, remains a natural focal point. The three-level layout is unique, and throughout the cottage there are reminders of an earlier era of Muskoka cottage life. It won't be for the buyer looking for something newly renovated and ready to impress. It's for someone who appreciates what is already here and can imagine thoughtfully bringing it forward. Enjoyed year round or seasonally. Outside, mature trees, established stonework and approximately 1.21 acres create a wonderfully private setting, while the cottage's position close to the water keeps Stewart Lake very much a part of everyday life. With approximately 256 feet of waterfront, there's room here to enjoy the property as it is, improve and potentially expand the existing cottage, or explore the possibilities of the site for something entirely new, subject to the appropriate approvals. Stewart Lake offers the quieter side of Muskoka waterfront living, with opportunities for swimming, paddling and days spent simply enjoying the lake. And when the day is over, those old sunroom windows might just be the best seat in the house. This isn't a polished cottage pretending to be new. It's an old one with character, privacy and possibilities-and for the right buyer, that's exactly the point. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 62 days on market, against an average age of 109 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 71 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 92.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 3-bed single family in Georgian Bay (Freeman) has been listed for 62 days, which is 47 days fresher than the city average of 109. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $749,000, about 9.5× the local median household income of $78,500.
Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 86% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0C)
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