$749,000
Lake of Bays
1005 MCARTHUR POINT Road, Lake of Bays (Ridout), Ontario, P0B1A0
This 2-bedroom, 1-bathroom home in Lake of Bays is for sale offering roughly 900 sq ft of space. Listed at $749,000, it is attractively priced about 25% below the $999,500 median asking price in Lake of Bays. It has been on the market 33 days, fresher than the Lake of Bays average of 81 days.
Exceptional privacy on Ril Lake with approximately 546 feet of shoreline and 5.51 acres of mature, naturally wooded land. With northwest exposure and beautiful summer sunsets, this private waterfront retreat offers the space, setting and shoreline that are increasingly hard to find in Muskoka. The charming seasonal cottage is filled with character, featuring soaring ceilings, exposed wood beams, walls of windows and a wood-burning fireplace. Four sliding glass doors bring the outdoors in, including a walkout from the primary bedroom, while providing easy access to the surrounding decks and lake views. The open living space flows into the kitchen and dining area, while the flexible layout includes a main-floor bedroom area, 4-piece bathroom and spacious loft with additional sleeping accommodations. Large deck provides plenty of room to relax and entertain, with new railings recently installed along the deck and side stairs. A direct propane line makes outdoor cooking easy. The full unfinished walkout basement offers excellent storage and future potential, complemented by a detached garage and woodshed. Well-maintained trail leads to the private shoreline with beautiful views, clean water for swimming, a floating dock and waterside cabana/shed for storage and summer lounging. Located on a year-round municipally maintained road just minutes from Baysville for shopping and dining. Ril Lake is known for smallmouth bass fishing and its long-standing cottage association with seasonal community events. Enjoy this classic Muskoka retreat as it is, or explore the potential to update or redevelop and create something truly special. (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.
Extended: 33 days on market, against an average age of 81 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 61 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 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 2-bed single family in Lake of Bays (Ridout) has been listed for 33 days, which is 48 days fresher than the city average of 81. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $749,000, about 8.3× the local median household income of $90,000.
Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 63% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0B)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice




Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.