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$1,799,000
Muskoka Lakes
1 Merlin (Island M91) Island, Muskoka Lakes (Wood (Muskoka Lakes)), Ontario, P1P1R2
This 4-bedroom, 3-bathroom home in Muskoka Lakes is for sale offering roughly 1,300 sq ft of space.
Private islands almost never come up for sale on Lake Muskoka. This is your shot.Tucked into Shanty Bay - one of the lake's best-kept secrets. Solid community, epic paddling and waterskiing water, and close to town and the city - yet most boaters have never even come back this far. 1.2 acres of flat, usable land with sun from sunrise to sunset and views in every direction. Deep water on one side for diving and docking, a shallow sandy entry on the other for kids, grandparents, and dogs - this island works for every generation of your family. Same family for over 40 years, now ready for its next chapter. Septic and services are already in - a head start most vacant island lots can't offer. The existing 4-bed, 2.5-bath cottage and bunkie w bath are fully livable right now while you plan your next move, whether that's a renovation or eventually building new. This is the kind of island that inspired Sterling Point - no script required to live it. Paddle it, ski it, fish it. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 118 days on market, against an average age of 113 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 93.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 4-bed single family in Muskoka Lakes (Wood (Muskoka Lakes)) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,799,000, about 24.8× the local median household income of $72,500.
Carrying it typically needs a household income of about $351,408 (20% down, 25-yr amortization, stress-tested) — roughly 385% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1P)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice