$1,999,000
Lake of Bays
1521 Old Hwy 117, Lake of Bays (Franklin), Ontario, P0B1A0
This 2-bedroom, 1-bathroom home in Lake of Bays is for sale offering roughly 900 sq ft of space. Its $1,999,000 asking price sits right in line with the $1,999,000 median in Lake of Bays. It has been on the market 39 days, fresher than the Lake of Bays average of 212 days.
An extraordinary two-storey boathouse unlike anything else on Lake of Bays. Approximately 2,200 sq. ft., it features multiple dormers, skylights, balconies, a spacious entertainment deck, upper and lower multipurpose rooms, two boat slips with electric hoists and even a washroom. The true showpiece is the natural stream that flows through the boathouse, passing through two sections of the building connected by a distinctive arched footbridge before continuing to the lake. A remarkable combination of architecture, nature and waterfront living. The property comprises of three parcels totaling approximately 2.16 acres with 265 feet of Lake of Bays shoreline. Abundant table land and a gently sloping building site create an ideal setting for a luxury cottage or year-round home. A demolition permit is already in place for the existing two-bedroom cottage, providing a valuable head start for a new build. Enjoy wide-open big-lake views toward Bigwin Island, all-day sunshine and spectacular western sunset exposure, along with excellent privacy. Access is straightforward, with a private meandering driveway leading directly from Muskoka Highway 117, a year-round municipally maintained road. The driveway winds through mature forest, past the property's distinctive weathered lions and alongside a gentle bubbling stream before opening onto the waterfront. This prime location offers an important advantage: easy highway access and a shorter commute to the city, making it an especially appealing choice for a luxury cottage or year-round home. Close to championship golf, downhill and cross-country skiing, hiking, biking, boating and the charming communities of Muskoka, this is a remarkable opportunity to build your dream on Lake of Bays while keeping the GTA within convenient reach. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 39 days on market, against an average age of 212 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 (Franklin) has been listed for 39 days, which is 173 days fresher than the city average of 212. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,999,000, about 22.2× the local median household income of $90,000.
Carrying it typically needs a household income of about $390,475 (20% down, 25-yr amortization, stress-tested) — roughly 334% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0B)
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