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$1,269,000
Muskoka Lakes
Peninsula Road, Muskoka Lakes (Medora), Ontario, P0B1J0
This 3-bedroom, 1-bathroom home in Muskoka Lakes is for sale offering roughly 1,750 sq ft of space. Listed at $1,269,000, it is attractively priced about 12% below the $1,449,000 median asking price in Muskoka Lakes. It has been on the market 5 days, fresher than the Muskoka Lakes average of 93 days.
Welcome to Lake Joseph. Set on 260 feet of coveted southwest-facing shoreline, this 3-bedroom cottage offers over 1.5 acres of privacy, excellent exposure, and incredible potential in one of Muskoka's most sought-after locations. The existing cottage features two bedrooms on the main level plus a cozy loft-style third bedroom, with a spacious wraparound deck overlooking the lake. Permits are in place for a new double-slip boathouse complete with covered boat slips, rooftop sundeck, and expansive dock space, perfectly positioned to capture all-day sun and beautiful southwest sunsets. A separate 250 sq. ft. bunkie at the water's edge is also approved for reconstruction, offering additional space for guests or lakeside enjoyment. The waterfront is truly incredible, with a setting you'll appreciate from the end of your dock, and is simply not something you can find at this price point. South Lake Joseph location and located just minutes from Port Sandfield, restaurants, golf, and The Lake Joseph Club, with easy access to everything the Big Three has to offer. Whether you're looking for a Muskoka getaway, family cottage, or the opportunity to create your dream waterfront property, this is a rare chance to secure a prime piece of Lake Joseph with permits already in place and endless possibilities ahead. (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.
Just listed: 5 days on market, against an average age of 93 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 (Medora) has been listed for 5 days, which is 88 days fresher than the city average of 93. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,269,000, about 14.1× the local median household income of $90,000.
Carrying it typically needs a household income of about $247,880 (20% down, 25-yr amortization, stress-tested) — roughly 175% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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