$1,175,000

For sale

1039 Ann Street, Muskoka Lakes (Wood (Muskoka Lakes)) - Single Family for Sale

1039 Ann Street, Muskoka Lakes (Wood (Muskoka Lakes)), Ontario, P1P1R2

2 beds1 bath4 parking900 ft²123 × 258 ft (31,734 sq ft) lot sizeListed 30 days ago

Overview

This 2-bedroom, 1-bathroom home in Muskoka Lakes is for sale offering roughly 900 sq ft of space. Its $1,175,000 asking price sits right in line with the $1,149,000 median in Muskoka Lakes. It has been on the market 30 days, fresher than the Muskoka Lakes average of 112 days.

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Description

Welcome to this charming 2 bedroom, 1 bathroom A-frame cottage on Lake Muskoka, offering an elevated and expansive South-Eastern view with spectacular sunrises and ample sun. Set on approximately 0.46 acres with 123 feet of shoreline, this property combines classic Muskoka character with excellent potential for future development. The cottage has seen numerous recent improvements, including a new kitchen with appliances in 2021, a new red steel roof and skylights in 2022, insulated walls in 2022, and a new hot water heater in 2025. The decks and railings have been replaced, along with the walkways, while the interior of the charming bunkie has also been refinished. Enjoy the forested lakeside hot tub, quaint bunkie and a large permanent dock, great for entertaining, with deep enough water for jumping in and boat mooring. The septic system was recently inspected by the Township and passed certification, providing added peace of mind. Whether you're looking for a wonderful Muskoka getaway to enjoy as-is or a property with the potential to create something more substantial, this is an excellent opportunity to own a special Lake Muskoka property. (id:66096)

Property Details

MLS®: X13870996
Property Type: Single Family
Zoning: WR5
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 123 × 258 ft (31,734 sq ft)
Frontage: 123 ft
Storeys: 2
Basement: None
Heating: Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Kitchen: 3.78 x 3.58 meters
Living room: 3.55 x 5.51 meters
Bathroom: 1.65 x 1.82 meters

Second level

Primary Bedroom: 3.65 x 2.87 meters
Bedroom: 2.74 x 2.33 meters

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

Features

Foundation: Block, Wood/Piers
Exterior: Aluminum siding
Lot Features: Cul-de-sac, Wooded area, Irregular lot size, Rocky, Sloping

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Muskoka Lakes (Wood (Muskoka Lakes)) listings, avg age

112d

Price / ft²

$1,306

List price

$1.18M

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 (Wood (Muskoka Lakes)) has been listed for 30 days, which is 82 days fresher than the city average of 112. Act while there is still low competition.

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Listed by Re/Max Professionals North · JEFF KNAPP

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $1,175,000, about 16.2× the local median household income of $72,500.

Carrying it typically needs a household income of about $229,519 (20% down, 25-yr amortization, stress-tested) — roughly 217% above the area median.

Median household income: $72,500
Population: 11,083
Median age: 54
Owner / renter: 76% / 24%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P1P)

$1,175,000· $1,306/ft²

For sale

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Full Cost Breakdown

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Down Payment7.87% · $92,500

Min 7.87%50%

Mortgage payment$6,002/mo

↳ CMHC premium ($43,300 capitalized)

Property tax (est.)$314/mo

Total monthly$6,316

Cash Needed to Close

Down payment (7.87%)$92,500

Land transfer tax$19,975

Est. closing costs$6,025

Total cash needed$118,500

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