$1,999,000
Muskoka Lakes
1088 Shennamere Road, Muskoka Lakes (Watt), Ontario, P0B1J0
This 3-bedroom, 2-bathroom home in Muskoka Lakes is for sale offering roughly 1,300 sq ft of space. It has been on the market 58 days, fresher than the Muskoka Lakes average of 84 days.
Rare development opportunity on prestigious Lake Rosseau. This exceptional two-parcel offering in one of Muskoka's most coveted locations presents a rare chance to create a lasting legacy in renowned Arthurlie Bay, just four kilometres by car or boat from downtown Port Carling. Together, the package includes a 1.2 acre waterfront parcel and a 1.3 acre back lot directly across Shennamere Road. The waterfront parcel offers 255 feet of frontage, southwest exposure for beautiful sunsets throughout the year, a shallow hard-packed sandy entry, and excellent separation from neighbouring properties. Flat and partially cleared, the waterfront lot provides an exciting potential building envelope for a signature Lake Rosseau cottage, refined waterfront home, or grand Muskoka estate. A rare and valuable complement to the waterfront, the 1.3-acre back lot adds scale, flexibility, and future potential not typically found with a waterfront parcel of this calibre. It includes an approximately 2,200 sq. ft. 3 bedroom, 1.5 bathroom home with a dug well and Generac generator, cherished as a year-round family home for more than 50 years. From the crest at the far side of the back lot, enjoy views in the opposite direction toward Brackenrig Bay. Whether envisioned as a private family compound, an elegant new waterfront residence, or a generational Muskoka retreat, this extraordinary offering brings together setting, scale, and possibility in a way seldom found on Lake Rosseau. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 58 days on market, against an average age of 84 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 3-bed single family in Muskoka Lakes (Watt) has been listed for 58 days, which is 26 days fresher than the city average of 84. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,999,000, about 22.2× the local median household income of $90,000.
Carrying it typically needs a household income of about $390,475 (20% down, 25-yr amortization, stress-tested) — roughly 334% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0B)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.