Overview

This lot in Lake of Bays is for sale. It has been on the market 22 days, fresher than the Lake of Bays average of 81 days.

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Description

Discover this approximately 48-acre property in beautiful Muskoka, featuring approximately 700 feet of frontage on Highway 117, a year-round road, and hydro access at the front of the property. The land features a mix of hardwood and softwood trees, a large shared pond near the centre, and undeveloped side roads and a concession road bordering the other sides. Enjoy four-season outdoor recreation, including hunting, fishing, boating, hiking, ATV trails, snowmobiling, cross-country skiing. And so much more! Conveniently located minutes from Bigwin Island Golf Club and a public boat launch, with nearby access to Baysville, Dorset, and Huntsville for shopping, dining, and everyday amenities. Zoned , this property offers potential for recreational use, a nature retreat, or investment, subject to municipal zoning, approvals, and applicable requirements. A great opportunity to own a substantial parcel of land in the scenic Lake of Bays area of Muskoka. (id:66096)

Market Timing

Days on market

22d

Lake of Bays (Ridout) listings, avg age

81d

List price

$369K

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 (Ridout) has been listed for 22 days, which is 59 days fresher than the city average of 81. Act while there is still low competition.

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Area context

Neighbourhood profile (P0B)

This home lists at $369,000, about 4.1× the local median household income of $90,000.

Carrying it typically needs a household income of about $72,079 (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)

$369,000

For sale

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Financing

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#117 0 Highway, Lake of Bays (Ridout) - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (P0B)

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