$630,000

For sale

1048 West Black Lake Road, Muskoka Lakes (Wood (Muskoka Lakes)) - Single Family for Sale

1048 West Black Lake Road, Muskoka Lakes (Wood (Muskoka Lakes)), Ontario, P0C1M0

2 beds1 bath3 parking350 ft²66 × 128 ft (8,422 sq ft) lot sizeListed 90 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 90 days, fresher than the Muskoka Lakes average of 113 days.

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Description

It's true...good things can come in small packages! This cute two bedroom cottage features a clean and bright interior ready for you to just move your stuff in and start enjoying cottage life. The ample sized kitchen has space for family members to work together to create summer culinary classics that can be grilled to perfection and open lake views will be a focal point while enjoying a meal at the dining table, lounging in the living room or while you sit back with your feet up on the front deck overlooking the water. The great, almost level lot will be a hit with the young and young at heart providing ample space for the kids to play or watch the stars at night. Black Lake offers good fishing including large and small mouth bass, pike and pickerel amongst others as well as room for tubing and waterskiing while being close to Torrance, Bala and Gravenhurst means all your shopping, dining and entertainment wants and needs can be met in a timely fashion. (id:66096)

Property Details

MLS®: X13654668
Property Type: Single Family
Zoning: WR4
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 350 ft²
Lot Size: 66 × 128 ft (8,422 sq ft)
Frontage: 66 ft
Storeys: 1
Style: Raised bungalow
Basement: Crawl space, Separate entrance
Heating: Propane, Other
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership

Rooms

Main level

Foyer: 1.73 x 1.17 meters
Bathroom: 1.78 x 1.73 meters
Primary Bedroom: 2.9 x 2.77 meters
Kitchen: 3.43 x 3.23 meters
Bedroom 2: 3.43 x 2.44 meters
Living room: 2.92 x 2.21 meters
Dining room: 3.56 x 2.92 meters

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

Features

Appliances: Water Heater
Foundation: Block
Exterior: Vinyl siding
Lot Features: Level lot, Wooded area, Sloping, Level

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

90d

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

113d

Price / ft²

$1,803

List price

$630K

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 90 days, which is 23 days fresher than the city average of 113. Act while there is still low competition.

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Listed by Forest Hill Real Estate Inc. · JACK GAINES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0C)

This home lists at $630,000, about 8.0× the local median household income of $78,500.

Carrying it typically needs a household income of about $123,061 (20% down, 25-yr amortization, stress-tested) — roughly 57% 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)

$630,000· $1,803/ft²

For sale

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Full Cost Breakdown

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Down Payment6.03% · $38,000

Min 6.03%50%

Mortgage payment$3,282/mo

↳ CMHC premium ($23,680 capitalized)

Property tax (est.)$133/mo

Total monthly$3,415

Cash Needed to Close

Down payment (6.03%)$38,000

Land transfer tax$9,075

Est. closing costs$4,390

Total cash needed$51,465

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