$1,049,000
Lake of Bays
1011 Ridgeline Drive, Lake of Bays (Franklin), Ontario, P1H2J6
This 3-bedroom, 3-bathroom condo in Lake of Bays is for sale. It has been on the market 160 days, fresher than the Lake of Bays average of 208 days.
ONE TIME INVESTMENT - LIFETIME MONEY MAKER! Welcome to this stunning, fully furnished four-season cottage in the heart of Muskoka (Huntsville), currently operating as a successful Airbnb with excellent reviews and high rental income over the past 2 years, offering outstanding future income potential. Located within an exclusive 1,300-acre estate community, this luxurious home is set on a prime 1-2 acre island-backing lot and offers approximately 2,156 sq. ft. of beautifully designed living space featuring 3 spacious bedrooms,2.5 bathrooms, a bright open-concept great room, an eat-in kitchen, a Muskoka room, mudroom/laundry area. covered front porch. Expansive windows provide breathtaking panoramic views and fill the home with natural light, while elegant modern finishes, neutral tones, and quartz countertops add sophistication throughout. Enjoy outdoor living with a large deck, walkout access, and proximity to scenic walking trails and the lake, just one minute away. Residents enjoy access to a remarkable 900-acre private nature preserve ideal for hiking, biking, skiing, kayaking, canoeing, and year-round outdoor activities. The upcoming SignatureClub, opening Spring 2026, will feature premium resort-style amenities, including an infinity pool overlooking a tranquil lake. Conveniently located only 6 minutes from Dwight Beach and Lake of Bays, and 20 minutes to downtown Huntsville, this property offers the perfect combination of luxury, privacy, and accessibility. The monthly maintenance fee of $170 include property management, shared area insurance, road snow clearing, and centralized garbage collection. Property serviced by well and septic, and forms part of Muskoka Vacant Land Condominium Corporation No. 101.Extra beautiful deck, Approx 12x30ft. (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: 160 days on market, against an average age of 208 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 3-bed single family in Lake of Bays (Franklin) has been listed for 160 days, which is 48 days fresher than the city average of 208. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,049,000, about 12.8× the local median household income of $82,000.
Carrying it typically needs a household income of about $204,906 (20% down, 25-yr amortization, stress-tested) — roughly 150% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1H)
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