$870,000
Muskoka Lakes
1160 Butterfly Road, Muskoka Lakes (Medora), Ontario, P0B1J0
This 2-bedroom, 2-bathroom home in Muskoka Lakes is for sale offering roughly 1,300 sq ft of space. Listed at $870,000, it is attractively priced about 40% below the $1,449,000 median asking price in Muskoka Lakes. It has been on the market 35 days, fresher than the Muskoka Lakes average of 93 days.
Escape to the peace and privacy of Muskoka with this exceptional year-round waterfront retreat on spectacular Butterfly Lake. Tucked away at the end of a quiet residential street with only one neighbouring property, this rare offering boasts over 250 feet of pristine shoreline and 99 acres of land (with only approximately 25 acres designated EP), providing endless opportunities to enjoy today while offering incredible future potential. Expand the property with additional Bunkie's, guest cabins, or a private recreational retreat with OS2 zoning(subject to approvals) , with potential for a future two-car garage (subject to approvals). Step outside and stroll along the boardwalk to your floating dock, where you can fully embrace Muskoka waterfront living. The spacious deck off the home creates an inviting outdoor living space, perfect for gathering with family and friends while enjoying the peaceful surroundings. Snowmobile trails run through the backyard and connect to the area's extensive trail network, providing exceptional four-season recreation right from your property. Located just minutes from the charming village of Port Carling, with a gas station, LCBO, and convenience store just up the road, and approximately 1 hour 40 minutes from the GTA, this property offers the perfect blend of convenience, privacy, and tranquility. Currently licensed as a Short-Term Rental, it also presents an excellent opportunity to generate rental income while owning a true Muskoka escape. *Some Photos are VS Staged (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 35 days on market, against an average age of 93 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 2-bed single family in Muskoka Lakes (Medora) has been listed for 35 days, which is 58 days fresher than the city average of 93. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $870,000, about 9.7× the local median household income of $90,000.
Carrying it typically needs a household income of about $169,941 (20% down, 25-yr amortization, stress-tested) — roughly 89% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0B)
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