$849,999

For sale

2180-2186 Highway 141, Muskoka Lakes (Watt) - Single Family for Sale

2180-2186 Highway 141, Muskoka Lakes (Watt), Ontario, P0B1L0

0 beds5 baths20 parking3,250 ft²975 × 1703 ft (38.13 acres) lot sizeListed 35 days ago

Overview

This 5-bathroom home in Muskoka Lakes is for sale offering roughly 3,250 sq ft of space. Its $849,999 asking price sits right in line with the $849,999 median in Muskoka Lakes. It has been on the market 35 days, fresher than the Muskoka Lakes average of 85 days.

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Description

Top 5 Reasons You Will Love This Property: 1) Rare opportunity to own over 43-acres of commercial and residentially zoned property in Muskoka Lakes, where you can experience the unparalleled convenience of this ideally located property just minutes from the popular hubs of Bracebridge, Huntsville, Port Carling, and Rosseau 2) Newly built-in 2021, this residence offers an excellent canvas for your personal finishing touches, providing 1,178 square feet of living space ready to be transformed into your own private getaway 3) The existing commercial building sits on a rare acreage commercial lot and was formerly a successful restaurant for many years, providing the opportunity for an immediate business venture or lease option, perfect for a creative investor 4) Exclusive sanctuary with over 40-acres of residentially zoned property featuring meadows, a scenic hardwood forest, widened logging trails, and exquisite natural finishes, including a 100 foot escarpment and artesian stream, ideal for those seeking an active lifestyle amidst spectacular surrounding 5) The property provides so much more, including a finished bunkie, a 2,000 square foot patio, and more than 850' of frontage on Highway 141, delivering an investment opportunity not to be missed. 3,470 above grade sq.ft. (id:66096)

Property Details

MLS®: X13855404
Property Type: Single Family
Zoning: RUC-1, RUM-1
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 5
Half Baths: 3
Parking: 20
Interior Size: 3,250 ft²
Lot Size: 975 × 1703 ft (38.13 acres)
Frontage: 975 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: No Garage
Ownership

Rooms

Main level

Great room: 15.24 x 7.32 meters

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

Features

Flooring: Hardwood
Foundation: Slab
Lot Features: Irregular lot size

Services

Water: Drilled Well
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Muskoka Lakes (Watt) listings, avg age

85d

Price / ft²

$262

List price

$850K

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 single family in Muskoka Lakes (Watt) has been listed for 35 days, which is 50 days fresher than the city average of 85. Act while there is still low competition.

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Listed by FARIS TEAM REAL ESTATE BROKERAGE · MARK FARIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0B)

This home lists at $849,999, about 9.4× the local median household income of $90,000.

Carrying it typically needs a household income of about $166,035 (20% down, 25-yr amortization, stress-tested) — roughly 84% 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)

$849,999· $262/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $59,999.90

Min 7.06%50%

Mortgage payment$4,380/mo

↳ CMHC premium ($31,600 capitalized)

Property tax (est.)$178/mo

Total monthly$4,558

Cash Needed to Close

Down payment (7.06%)$60,000

Land transfer tax$13,475

Est. closing costs$5,050

Total cash needed$78,525

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