$549,900

For sale

#1 1060 Skeleton Lake 3 Road, Muskoka Lakes (Watt) - Single Family for Sale

#1 1060 Skeleton Lake 3 Road, Muskoka Lakes (Watt), Ontario, P0B1M0

3 beds1 bath2 parking420 × 227 ft (2.18 acres) lot sizeListed 199 days ago

Overview

This 3-bedroom, 1-bathroom home in Muskoka Lakes is for sale. Listed at $549,900, it is attractively priced about 35% below the $849,999 median asking price in Muskoka Lakes.

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Description

Wonderful "Off Grid" (No Hydro or Septic system) Cottage retreat or redevelopment property on pristine Skeleton Lake! Positioned on the west shore of Skeleton Lake offering a private 1.43 acre lot with 420 feet of natural granite shoreline, sparkling waters & a lovely east facing view over Beaumont Bay. Located only 25 minutes from Bracebridge or Huntsville with private seasonal road access, this property offers many features including; a primitive 520 sq ft main cottage/cabin and a separate 180 sq ft log Bunkie. The main cottage/cabin features; a bright living room overlooking the water, separate bathroom w/composting toilet & walkout to large sitting deck, separate kitchen with & loft to 2 separate sleeping spaces + main floor sleeping space. The Bunkie offers a small living area on the main floor and a 2nd floor loft sleeping area. Loads of outdoor space including steps & a decked walking trail down to the lake featuring a water's edge wood fired sauna along the water & floating dock at the water. Currently set up to operate "off Grid" with alternative power (no hydro service or septic system) for 3 season use. A great opportunity to own a slice of Heaven on one of Muskoka's most popular lakes! Note; Property, buildings & all improvements are being sold "AS IS". (id:66096)

Property Details

MLS®: X13023930
Property Type: Single Family
Zoning: WR5
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Half Baths: 1
Parking: 2
Lot Size: 420 × 227 ft (2.18 acres)
Storeys: 1
Basement: None
Heating: Other, Other
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Property Tax: $2,723.8/yr
Listed

Rooms

Main level

Living room: 3.7 x 4.62 meters
Kitchen: 3.45 x 4.67 meters
Living room: 3.24 x 2.89 meters

Second level

Loft: 1.7 x 3.45 meters
Loft: 1.6 x 3.45 meters
Loft: 2.13 x 3.24 meters

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

Features

Foundation: Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Irregular lot size, Sloping

Services

Water: Lake/River Water Intake

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

199d

Muskoka Lakes (Watt) listings, avg age

85d

List price

$550K

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 (Watt) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal LePage Lakes Of Muskoka Realty · KYLE VEITCH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0B)

This home lists at $549,900, about 6.1× the local median household income of $90,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 19% 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)

$549,900

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$227/mo

Total monthly$3,109

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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