$749,000

For sale

1009 Fogo Street, Muskoka Lakes (Medora) - Single Family for Sale

1009 Fogo Street, Muskoka Lakes (Medora), Ontario, P0C1H0

2 beds1 bath3 parking350 ft²78 × 117 ft (9,173 sq ft) lot sizeListed 84 days ago

Overview

This 2-bedroom, 1-bathroom home in Muskoka Lakes is for sale offering roughly 350 sq ft of space. It has been on the market 84 days, fresher than the Muskoka Lakes average of 94 days.

Houses for Sale in Muskoka Lakes →All real estate in Muskoka Lakes →

Description

*NEW PRICE*. Golden opportunity to own a Muskoka waterfront cottage on coveted 'Moon River'; a short BOAT ride away from the quintessential cottage town of Bala. A river by name, but it feels like a lake with many bays, inlets and isles to explore. Looking for peace and relaxation, calm water skiing, shorelines to paddle or abundant fishing? The Moon has you covered. Boat or take a 5-minute drive into the town of Bala for ice cream, pizza, restaurants, grocery, bakery and more... Many owners on the Moon River are 2nd- and 3rd-generation and speak to the special place this stretch of Muskoka truly is. The cottage provides the necessary creature comforts with a large foyer, closet and 3-piece bath, two comfortable bedrooms, a 'Muskoka' room equipped with blinds and curtains + pull-out bed for additional sleeping, kitchen and living combo with large bay window, all perched above the flood line with your 'Million Dollar' views of the bay and Kimberly Island. The waterfront features a fire pit with natural granite rock seating, towering white pine trees, wildflowers and your 16' by 20' dock. Need I say more?... Book your showing today to see how this unique and humble offering could work for you! (id:66096)

Property Details

MLS®: X13675334
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 350 ft²
Lot Size: 78 × 117 ft (9,173 sq ft)
Frontage: 78 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Foyer: 3 x 2.79 meters
Bathroom: 2.79 x 1.63 meters
Sunroom: 4.7 x 2.26 meters
Kitchen: 1.82 x 3.2 meters
Living room: 2.74 x 3.2 meters
Primary Bedroom: 2.92 x 2.24 meters
Bedroom 2: 2.92 x 2.24 meters

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

Features

Appliances: Refrigerator, Stove, Microwave, Furniture, Window Coverings, Water Heater
Foundation: Wood/Piers
Exterior: Cedar Siding

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

84d

Muskoka Lakes (Medora) listings, avg age

94d

Price / ft²

$2,143

List price

$749K

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.

Haho

This 2-bed single family in Muskoka Lakes (Medora) has been listed for 84 days, which is 10 days fresher than the city average of 94. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC. · MITCH MCKECHNIE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0C)

This home lists at $749,000, about 9.5× the local median household income of $78,500.

Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 86% above the area median.

Median household income: $78,500
Population: 4,824
Median age: 56.8
Owner / renter: 88% / 12%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P0C)

$749,000· $2,143/ft²

For sale

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Full Cost Breakdown

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Down Payment6.66% · $49,900.00

Min 6.66%50%

Mortgage payment$3,876/mo

↳ CMHC premium ($27,964 capitalized)

Property tax (est.)$190/mo

Total monthly$4,066

Cash Needed to Close

Down payment (6.66%)$49,900

Land transfer tax$11,455

Est. closing costs$4,747

Total cash needed$66,102

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