$635,000

For sale

23 Nine Mile Lake, Muskoka Lakes (Wood (Muskoka Lakes)) - Single Family for Sale

23 Nine Mile Lake, Muskoka Lakes (Wood (Muskoka Lakes)), Ontario, P0C1M0

3 beds1 bath0 parking900 ft²Listed 56 days ago

Overview

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 56 days, fresher than the Muskoka Lakes average of 113 days.

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Description

Escape to the peaceful shores of Nine Mile Lake with this charming 3-bedroom, 1-bathroom cottage offering 165' of lake frontage and the privacy that comes with a true water-access-only property. Surrounded by mature trees and beautiful natural scenery, the cottage offers a comfortable and inviting setting for relaxing with family and friends. The bright interior features warm wood finishes throughout, with large windows bringing in plenty of natural light and offering views of the surrounding landscape and lake. A spacious screened-in porch provides an ideal spot for morning coffee, family meals or enjoying the outdoors while staying protected from the elements. Outside, the natural shoreline and generous frontage provide plenty of opportunity to swim, boat and enjoy the lake. Whether you're looking for a weekend getaway or a place to spend the summer, this is a great opportunity to enjoy the classic Muskoka cottage lifestyle on peaceful Nine Mile Lake. Bring the boat, leave the everyday behind and enjoy everything this special property has to offer. (id:66096)

Property Details

MLS®: X13771454
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 900 ft²
Frontage: 166 ft
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $1,650/yr
Listed: 56 days ago

Rooms

Main level

Kitchen: 2.69 x 3.61 meters
Dining room: 5.41 x 3.61 meters
Living room: 4.7 x 4.85 meters
Sunroom: 5.92 x 2.95 meters
Bathroom: 2.01 x 2.31 meters
Primary Bedroom: 3.2 x 2.39 meters
Bedroom: 3.15 x 2.39 meters
Bedroom: 3.33 x 2.39 meters

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

Features

Appliances: All, Furniture, Water Heater
Foundation: Wood/Piers
Exterior: Wood
Lot Features: Wooded area

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

56d

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

113d

Price / ft²

$706

List price

$635K

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 3-bed single family in Muskoka Lakes (Wood (Muskoka Lakes)) has been listed for 56 days, which is 57 days fresher than the city average of 113. Act while there is still low competition.

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Listed by Royal LePage Lakes Of Muskoka - Clarke Muskoka Realty · RICK WOODS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0C)

This home lists at $635,000, about 8.1× the local median household income of $78,500.

Carrying it typically needs a household income of about $124,038 (20% down, 25-yr amortization, stress-tested) — roughly 58% 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)

$635,000· $706/ft²

For sale

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Full Cost Breakdown

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Down Payment6.06% · $38,500

Min 6.06%50%

Mortgage payment$3,307/mo

↳ CMHC premium ($23,860 capitalized)

Property tax (est.)$138/mo

Total monthly$3,445

Cash Needed to Close

Down payment (6.06%)$38,500

Land transfer tax$9,175

Est. closing costs$4,405

Total cash needed$52,080

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