$469,000

For sale

1016 Mill Street, Muskoka Lakes (Medora) - Single Family for Sale

1016 Mill Street, Muskoka Lakes (Medora), Ontario, P0C1A0

2 beds1 bath3 parking900 ft²70 × 90 ft (6,300 sq ft) lot sizeListed 57 days ago

Overview

This 2-bedroom, 1-bathroom home in Muskoka Lakes is for sale offering roughly 900 sq ft of space. It has been on the market 57 days, fresher than the Muskoka Lakes average of 94 days.

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

Description

Welcome to the heart of Bala, where cottage-country charm meets unbeatable convenience. Set on a spacious corner lot just steps from downtown, this beautiful 2-bedroom, 1-bath home offers the perfect opportunity for year-round living, a weekend retreat, or an investment in one of Muskoka's most sought-after communities. Leave the car behind and enjoy everything Bala has to offer within walking distance, grab coffee or dinner at local restaurants, browse the shops, spend the day on Lake Muskoka or the Moon River, launch your boat from the nearby public boat launch, or catch live music at the iconic Kee to Bala. This is Muskoka living at its most convenient. Inside this home offers a warm and inviting interior with a bright open-concept living space filled with natural light. The spacious mudroom and laundry area provides plenty of room for coats, boots, and cottage gear, while the cozy layout makes the home feel comfortable and welcoming in every season. Outside, the private backyard offers plenty of space for entertaining, relaxing around the fire pit, or enjoying summer evenings under the trees. The detached garage provides additional storage or workshop potential, and there's extra room for your boat, trailer, or recreational toys. Whether you're looking to enjoy Bala's vibrant waterfront lifestyle or invest in a prime Muskoka location, this move-in-ready home is an opportunity you won't want to miss. (id:66096)

Property Details

MLS®: X13766836
Property Type: Single Family
Zoning: RU
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 70 × 90 ft (6,300 sq ft)
Frontage: 70 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Propane
Cooling: None
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 4.17 x 2.62 meters
Living room: 4.93 x 3.96 meters
Bedroom: 3.56 x 2.54 meters
Bedroom 2: 2.72 x 2.44 meters
Laundry room: 6.27 x 1.35 meters

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

Features

Appliances: Furniture
Foundation: Poured Concrete
Exterior: Vinyl siding
Lot Features: Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Muskoka Lakes (Medora) listings, avg age

94d

Price / ft²

$521

List price

$469K

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 57 days, which is 37 days fresher than the city average of 94. Act while there is still low competition.

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Listed by CV Real Estate · STEVE HAID

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0C)

This home lists at $469,000, about 6.0× the local median household income of $78,500.

Carrying it typically needs a household income of about $91,612 (20% down, 25-yr amortization, stress-tested) — roughly 17% 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)

$469,000· $521/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,450

Min 5%50%

Mortgage payment$2,470/mo

↳ CMHC premium ($17,822 capitalized)

Property tax (est.)$120/mo

Total monthly$2,590

Cash Needed to Close

Down payment (5%)$23,450

Land transfer tax$5,855

Est. closing costs$3,907

Total cash needed$33,212

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