Overview

This lot in Lake of Bays is for sale. It has been on the market 13 days, fresher than the Lake of Bays average of 209 days.

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Description

Discover a rare opportunity to create your dream waterfront retreat on beautiful Lake of Bays! Just a short boat ride to Bigwin Golf course, this newly severed, approximately 1.1-acre vacant lot offers approximately 200 feet of waterfront frontage in a peaceful, sheltered bay setting with minimal boat traffic directly in front of the property. Enjoy desirable southeast exposure, a natural shoreline with some sandy bottom, and beautiful views across the lake. Surrounded by mature trees and natural Muskoka beauty, the property offers a picturesque setting for a custom cottage or year-round residence, subject to applicable approvals. Bell Fibe high-speed internet is available, offering excellent connectivity for those looking to work remotely from the cottage. A roughed-in driveway provides a starting point for future development, while professional engineering and slope stability reports offer valuable information for planning. The original shore road allowance has been closed and conveyed to the waterline. Located on Sugar Bush Road with access to the established Lake of Bays waterfront community, this exceptional property offers the opportunity to bring your lakeside vision to life. Experience the beauty, privacy and tranquility of Muskoka waterfront living! (id:66096)

Market Timing

Days on market

13d

Lake of Bays (Franklin) listings, avg age

209d

List price

$1.23M

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.

Haho

This vacant land in Lake of Bays (Franklin) has been listed for 13 days, which is 196 days fresher than the city average of 209. Act while there is still low competition.

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Area context

Neighbourhood profile (P0A)

This home lists at $1,225,000, about 18.0× the local median household income of $68,000.

Carrying it typically needs a household income of about $239,285 (20% down, 25-yr amortization, stress-tested) — roughly 252% 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)

$1,225,000

For sale

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Financing

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Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (P0A)

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