$3,490,000
Lake of Bays
1059 Bona Vista Road, Lake of Bays (Franklin), Ontario, P1H2J3
This 3-bedroom, 2-bathroom home in Lake of Bays is for sale offering roughly 2,750 sq ft of space. It has been on the market 72 days, fresher than the Lake of Bays average of 206 days.
Within the Bona Vista enclave on Lake of Bays, this property reaches from the water back into 35 acres of shared land, owned and reserved for members of the Bona Vista Cottagers Association. Private trails wind through the property to picnic spots overlooking Dreamhaven Lake, walked in summer and snowshoed in winter, and the protected water is well suited to paddling. With 160 feet of frontage on Lake of Bays, the setting moves from forest to shoreline across a single property. Built in 2016 with ICF construction for year-round efficiency, the 1.5-storey home centres on an open-concept living space where expansive windows keep the water in view and a wood-burning fireplace anchors the room after dark. The main floor has a bedroom and full bath for single-level living, with two more bedrooms and a second full bath upstairs. A four-season Muskoka room with a propane fireplace extends the usable space into the colder months. Outside, two separate bunkies add flexible room for guests, hobbies, or storage. At the shoreline, the boathouse is the rare piece: a single-slip, two-storey design with full accommodations above, a 3-piece bathroom, and a private balcony over the water. Two-storey boathouses like this one are no longer permitted on Lake of Bays, which makes the living space at the water's edge something that cannot be replicated on a new build. Set on nearly an acre with year-round access, the property runs on forced air heating, fibre internet, and a drilled well, making it as workable as a full-time residence as it is a four-season retreat. From the trails at the back to the room above the water, it covers ground that few Lake of Bays properties can. (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: 72 days on market, against an average age of 206 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 62 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 72 days, which is 134 days fresher than the city average of 206. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,490,000, about 42.6× the local median household income of $82,000.
Carrying it typically needs a household income of about $681,719 (20% down, 25-yr amortization, stress-tested) — roughly 731% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1H)
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