$1,398,000

For sale

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1245 Mortimers Point Road, Muskoka Lakes (Medora) - Single Family for Sale

1245 Mortimers Point Road, Muskoka Lakes (Medora), Ontario, P0B1J0

5 beds3 baths8 parking ft²

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4 bd5 ba12 pk2,750 ft²Lot size 350 × 337 ft (2.70 acres)

Listed by Sotheby's International Realty Canada

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3 bd2 ba10 pk1,750 ft²Lot size 293 × 277 ft (1.86 acres)

Listed by Engel & Volkers Toronto Central

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$1.27M

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3 bd1 ba3 pk1,750 ft²Lot size 260 × 353 ft (2.10 acres)

Listed by CV Real Estate

38 Joseph Street, Muskoka Lakes (Medora), Ontario, P0B1J0

For sale

10 days ago

$1.10M

38 Joseph Street, Muskoka Lakes (Medora), Ontario, P0B1J0

4 bd2 ba3 pk900 ft²Lot size 97 × 320 ft (31,069 sq ft)

Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

Investment analysis

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$1,398,000

Muskoka Lakes

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Overview

This 5-bedroom, 3-bathroom home in Muskoka Lakes is for sale offering roughly 1,300 sq ft of space. Its $1,398,000 asking price sits right in line with the $1,449,000 median in Muskoka Lakes. It has been on the market 80 days, fresher than the Muskoka Lakes average of 94 days.

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

Description

Let The White Pines Greet You At The Gates. Breathtaking Sunsets, 100 Frontage Feet On Lake Muskoka, All-Day Sun, Boat Port, Dock,Sandy Beach.$$$$ upgraded exterior wall,brand new deck with modern glass handrail,refreshed lower floor,and brand new washrooms.Tons Of View, A+ Location, Central To Hub Of The Lakes, 9 Mins To Pt Carling, Year-Round Bala, Pt Sandfield, Minett. Quiet Bay,Good Swimming & Boating. Active Lifestyle Good For Cycling, Hiking, Shopping, Cafes, Restos, Golf, Marinas, Boat Rental. 3000 Sf Authentic Muskoka.Cottage. You Will Love It Here. Year-Round Road Access. (id:66096)

Property Details

MLS®: X13685430
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 2 above · 3 below
Bathrooms: 3
Parking: 8
Interior Size: 1,300 ft²
Lot Size: 100 × 150 ft (15,000 sq ft)
Frontage: 100 ft
Storeys: 2
Basement: Finished, Walk out, N/A
Heating: Wood, Other
Cooling: None
Garage: Attached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $6,010/yr
Listed: 80 days ago

Rooms

Main level

Living room: 7.04 x 5.52 meters
Dining room: 4.11 x 3.45 meters
Kitchen: 4.12 x 3.63 meters
Mud room: 3.51 x 2.2 meters
Primary Bedroom: 4.85 x 3.47 meters
Bedroom: 3.69 x 3.51 meters

Lower level

Games room: 3.98 x 3.39 meters
Bedroom 2: 5.82 x 3.14 meters
Bedroom 3: 4.23 x 3.11 meters
Bedroom 4: 3.99 x 3.38 meters
Family room: 6.86 x 5.73 meters

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

Market Timing

Days on market

80d

Muskoka Lakes (Medora) listings, avg age

94d

Price / ft²

$1,075

List price

$1.40M

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.

Area context

Neighbourhood profile (P0B)

This home lists at $1,398,000, about 15.5× the local median household income of $90,000.

Carrying it typically needs a household income of about $273,078 (20% down, 25-yr amortization, stress-tested) — roughly 203% above the area median.

Median household income: $90,000
Population: 9,589
Median age: 53.2
Owner / renter: 91% / 9%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0B)

$1,398,000· $1,075/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,800

Min 8.21%50%

Mortgage payment$7,114/mo

↳ CMHC premium ($51,328 capitalized)

Property tax (est.)$501/mo

Total monthly$7,615

Cash Needed to Close

Down payment (8.21%)$114,800

Land transfer tax$24,435

Est. closing costs$6,694

Total cash needed$145,929

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1245 Mortimers Point Road, Muskoka Lakes (Medora) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P0B)

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Full Cost Breakdown