$775,000

For sale

982 Raymond Road, Muskoka Lakes (Watt) - Single Family for Sale

982 Raymond Road, Muskoka Lakes (Watt), Ontario, P0B1M0

2 beds1 bath14 parking900 ft²Listed 12 days ago

Overview

This 2-bedroom, 1-bathroom home in Muskoka Lakes is for sale offering roughly 900 sq ft of space. Listed at $775,000, it is attractively priced about 9% below the $849,999 median asking price in Muskoka Lakes. It has been on the market 12 days, fresher than the Muskoka Lakes average of 83 days.

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Description

Discover 21.73 private acres with a stream winding the entire length of the property and spectacular waterfalls. The land offers plenty of cleared space, including a large clearing set deep in the lot between the main home and a charming cabin tucked away at the back. That makes it an ideal spot for a new build, a family compound, or your next vision. Explore the property on its own trail system, or enjoy the beautiful garden and well-maintained yard. The existing home needs work and offers the option to renovate or remove and build new. Currently zoned residential, with potential for commercial use (buyer to do own due diligence with the municipality). Properties like this rarely come to market. The home and cabin are being sold in "as is, where is" condition with no warranties or representations. (id:66096)

Property Details

MLS®: X14109322
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 14
Interior Size: 900 ft²
Frontage: 560 ft
Storeys: 2
Basement: None
Heating: Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $1,652/yr
Listed

Features

Foundation: Unknown
Lot Features: Wooded area, Irregular lot size, Ravine

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Muskoka Lakes (Watt) listings, avg age

83d

Price / ft²

$861

List price

$775K

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 2-bed single family in Muskoka Lakes (Watt) has been listed for 12 days, which is 71 days fresher than the city average of 83. Act while there is still low competition.

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Listed by EXP REALTY · ANDREW COX

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0B)

This home lists at $775,000, about 8.6× the local median household income of $90,000.

Carrying it typically needs a household income of about $151,385 (20% down, 25-yr amortization, stress-tested) — roughly 68% 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)

$775,000· $861/ft²

For sale

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Full Cost Breakdown

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Down Payment6.77% · $52,500.00

Min 6.77%50%

Mortgage payment$4,006/mo

↳ CMHC premium ($28,900 capitalized)

Property tax (est.)$138/mo

Total monthly$4,143

Cash Needed to Close

Down payment (6.77%)$52,500

Land transfer tax$11,975

Est. closing costs$4,825

Total cash needed$69,300

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

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