$359,999

For sale

1181 Moot Lake Road, Lake of Bays (Mclean) - Single Family for Sale

1181 Moot Lake Road, Lake of Bays (Mclean), Ontario, P0B1A0

3 beds1 bath8 parking1,300 ft²2967 × 3333 ft (227.04 acres) lot sizeListed 45 days ago

Overview

This 3-bedroom, 1-bathroom home in Lake of Bays is for sale offering roughly 1,300 sq ft of space. Listed at $359,999, it is attractively priced about 31% below the $523,000 median asking price in Lake of Bays. It has been on the market 45 days, fresher than the Lake of Bays average of 174 days.

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Description

A Quiet Muskoka Hideaway! If you crave stillness, privacy, and the kind of landscape that makes Muskoka famous, this is the place. Tucked away on 37+ acres with access to hundreds of acres of Crown land, this rustic retreat or hunt camp offers a rare combination of seclusion and adventure. The basic three-bedroom cottage has a 3-piece bath, drilled well, and septic-everything you need for weekends in the woods or hunting season. This is excellent moose and deer country. Explore the acreage, then head a short distance to the public access on Moot Lake for swimming, paddling, and fishing. From there you can canoe and portage over a beaver dam into three more back crown lakes-quiet water, good fishing, and the feeling that you've left the world behind. Baysville and Lake of Bays are only minutes away when you want amenities: LCBO, restaurants, gas, and a convenience store. Then it's back to your little piece of paradise to relax. This is a true hideaway for anyone seeking peace, space, and the quieter side of Muskoka. Please note: Moot Lake Road is not winter-maintained by the Township of Lake of Bays. Some cottagers may plow parts of the road privately, but year-round access is not guaranteed. (id:66096)

Property Details

MLS®: X13813776
Property Type: Single Family
Zoning: Rural General
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 8
Interior Size: 1,300 ft²
Lot Size: 2967 × 3333 ft (227.04 acres)
Frontage: 2,967 ft
Storeys: 1
Basement: None
Heating: Propane, Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Features

Appliances: Water Heater
Foundation: Block
Exterior: Vinyl siding
Lot Features: Wooded area, Irregular lot size, Rolling, Partially cleared, Conservation/green belt

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

45d

Lake of Bays (Mclean) listings, avg age

174d

Price / ft²

$277

List price

$360K

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.

Haho

This 3-bed single family in Lake of Bays (Mclean) has been listed for 45 days, which is 129 days fresher than the city average of 174. Act while there is still low competition.

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Listed by Re/Max All-Stars Realty Inc · JANINE SCOTT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0B)

This home lists at $359,999, about 4.0× the local median household income of $90,000.

Carrying it typically needs a household income of about $70,320 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $90,000
Population: 9,589
Median age: 53.2
Owner / renter: 91% / 9%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0B)

$359,999· $277/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,999.95

Min 5%50%

Mortgage payment$1,896/mo

↳ CMHC premium ($13,680 capitalized)

Property tax (est.)$112/mo

Total monthly$2,008

Cash Needed to Close

Down payment (5%)$18,000

Land transfer tax$3,875

Est. closing costs$3,580

Total cash needed$25,455

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