$459,000

For sale

5110 Muskoka 117 Road, Lake of Bays (Ridout) - Single Family for Sale

5110 Muskoka 117 Road, Lake of Bays (Ridout), Ontario, P0A1E0

2 beds2 baths12 parking900 ft²608 × 426 ft (5.94 acres) lot sizeListed 31 days ago

Overview

This 2-bedroom, 2-bathroom home in Lake of Bays is for sale offering roughly 900 sq ft of space. It has been on the market 31 days, fresher than the Lake of Bays average of 83 days.

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Description

Bring your tools, your vision and your plans for life in Muskoka! Set on a beautiful, densely wooded property close to Dorset, this two-bedroom, two-bathroom home offers privacy, room to play and an opportunity to make it your own. The home requires repairs and updating, making it an appealing project for a handy buyer or renovator looking to build equity in a peaceful setting. Tall basement ceilings provide exciting potential for additional living space, with possibilities for a future walkout or in-law accommodation, subject to applicable approvals. A double-car garage equipped with an oil furnace adds useful space for vehicles, hobbies or tackling your next project. Outside, enjoy the natural surroundings and space for family gatherings, gardening and outdoor fun. Dorset's shops, dining, Lake of Bays recreation, walking trails and iconic lookout tower add to the lifestyle appeal. For buyers ready to roll up their sleeves, this property offers the setting and potential to create something special. (id:66096)

Property Details

MLS®: X13867724
Property Type: Single Family
Zoning: R
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 12
Interior Size: 900 ft²
Lot Size: 608 × 426 ft (5.94 acres)
Frontage: 608 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Propane, Wood
Cooling: None
Garage: Detached Garage, No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Bedroom: 3.66 x 3.81 meters
Pantry: 1.8 x 1.47 meters
Dining room: 3.26 x 3.61 meters
Living room: 5.82 x 3.61 meters
Bathroom: 2.53 x 2.69 meters
Kitchen: 3.26 x 4.72 meters
Bedroom: 2.99 x 2.69 meters

Basement

Living room: 12.38 x 7.53 meters
Utility room: 3.66 x 3.81 meters
Bathroom: 2.47 x 1.8 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All
Foundation: Concrete
Exterior: Concrete, Wood
Lot Features: Wooded area, Irregular lot size

Services

Sewer: Septic System
Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

Lake of Bays (Ridout) listings, avg age

83d

Price / ft²

$510

List price

$459K

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 2-bed single family in Lake of Bays (Ridout) has been listed for 31 days, which is 52 days fresher than the city average of 83. Act while there is still low competition.

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Listed by RE/MAX Professionals North · MANDIE CHARLTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $459,000, about 6.8× the local median household income of $68,000.

Carrying it typically needs a household income of about $89,659 (20% down, 25-yr amortization, stress-tested) — roughly 32% above the area median.

Median household income: $68,000
Population: 17,822
Median age: 56.8
Owner / renter: 87% / 13%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P0A)

$459,000· $510/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,950

Min 5%50%

Mortgage payment$2,418/mo

↳ CMHC premium ($17,442 capitalized)

Property tax (est.)$145/mo

Total monthly$2,562

Cash Needed to Close

Down payment (5%)$22,950

Land transfer tax$5,655

Est. closing costs$3,877

Total cash needed$32,482

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