$1,200,000

$1,300,000For salePrice drop↓ $100,000 (8%)

2115 Lake Muskoka, Muskoka Lakes (Wood (Muskoka Lakes)) - Single Family for Sale

2115 Lake Muskoka, Muskoka Lakes (Wood (Muskoka Lakes)), Ontario, P0C1M0

5 beds3 baths0 parking900 ft²385 × 113 ft (43,505 sq ft) lot sizeListed 57 days ago

Overview

This 5-bedroom, 3-bathroom home in Muskoka Lakes is for sale offering roughly 900 sq ft of space. Its $1,200,000 asking price sits right in line with the $1,149,000 median in Muskoka Lakes. It has been on the market 57 days, fresher than the Muskoka Lakes average of 112 days.

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

Description

A rare opportunity on Lake Muskoka for someone willing to take on a project! 385' of boat access shoreline with a multiple views and an acre of property! Redevelop or restore; the choice is yours! This 1918 built cottage, bunkie and 2 storey boathouse is loaded with charm. The boathouse has living quarters above that could be used while you restore or rebuild the cottage and bunkie. A double wet boat port is attached to the single slip boathouse. A gazebo at the water's edge offers wide views of the lake. The main cottage has a lovely screened porch. A back walkway connects the bunkie to the main cottage. Bedrooms, bathrooms, screened porches in each of the three main buildings. Newer hot water tank and water system. Gently sloped and well treed, you will fall in love with this piece of paradise! Possible debenture opportunity available! Boat from either Mortimers Point Marina or East Bay Landing Marina. Call for more information. (id:66096)

Property Details

MLS®: X13765308
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Parking: 0
Interior Size: 900 ft²
Lot Size: 385 × 113 ft (43,505 sq ft)
Frontage: 385 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Propane, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Second level

Family room: 6.15 x 7.18 meters

Main level

Bedroom: 2.95 x 4.16 meters
Bathroom: 2.16 x 3.17 meters
Other: 1.72 x 5.81 meters
Living room: 5.38 x 5.97 meters
Kitchen: 5.48 x 2.29 meters
Dining room: 2.24 x 4.14 meters
Laundry room: 2.45 x 2.31 meters
Bathroom: 2.82 x 2.31 meters
Bedroom: 6.04 x 4.25 meters

Features

Appliances: Furniture, Water Heater
Foundation: Block, Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Rocky, Sloping, Rolling, Partially cleared, Hilly, Gazebo, Guest Suite

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity, Telephone, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

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

112d

Price / ft²

$1,333

List price

$1.20M

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 5-bed single family in Muskoka Lakes (Wood (Muskoka Lakes)) has been listed for 57 days, which is 55 days fresher than the city average of 112. Act while there is still low competition.

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Listed by Royal LePage Lakes Of Muskoka Realty · WENDY CLELAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0C)

This home lists at $1,200,000, about 15.3× the local median household income of $78,500.

Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 199% 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)

$1,200,000· $1,333/ft²

For sale

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Full Cost Breakdown

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Down Payment7.92% · $95,000

Min 7.92%50%

Mortgage payment$6,126/mo

↳ CMHC premium ($44,200 capitalized)

Property tax (est.)$686/mo

Total monthly$6,812

Cash Needed to Close

Down payment (7.92%)$95,000

Land transfer tax$20,475

Est. closing costs$6,100

Total cash needed$121,575

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