$299,000
Muskoka Lakes
1465 Falkenburg Road, Muskoka Lakes (Monck (Muskoka Lakes)), Ontario, P1L1X4
This 3-bedroom, 1-bathroom home in Muskoka Lakes is for sale offering roughly 900 sq ft of space. It has been on the market 27 days, fresher than the Muskoka Lakes average of 115 days.
This property is an opportunity for buyers with the vision, skills and resources to take on a substantial renovation project in a beautiful Muskoka setting. Situated on a private, nicely treed 2-acre parcel just 15 minutes from downtown Bracebridge, this 3-bedroom bungalow offers an attractive rural property with plenty of potential, but buyers should be prepared for extensive repairs and improvements. The home requires significant attention, including addressing water intrusion in the unfinished walkout basement during heavy rains and spring snowmelt, water-damaged ceilings in the kitchen, and other repairs and updates throughout. Exterior concerns include soffit and fascia requiring repairs or replacement, window replacement and deteriorating walls on the detached garage. The property is also serviced by an original septic system and dug well. On the positive side, the home features a practical layout, a newer propane forced-air furnace, and a primary bedroom with a walkout to a future deck or patio. Outside, you'll find mature trees, established gardens, a fenced area suitable for pets, two storage sheds and a detached garage with workshop space. Substantially reduced in price and now offered to reflect the property's current condition and the investment required. This is not a simple cosmetic renovation, but for the right buyer willing to take on the work, it represents an opportunity to create something special on a lovely 2-acre property in a convenient Muskoka location. (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: 27 days on market, against an average age of 115 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 (Monck (Muskoka Lakes)) has been listed for 27 days, which is 88 days fresher than the city average of 115. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $299,000, about 3.5× the local median household income of $86,000.
Carrying it typically needs a household income of about $58,405 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P1L)
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