$1,449,000
Muskoka Lakes
#3 1062 Pennwood Road, Muskoka Lakes (Medora), Ontario, P0B1J0
This 2-bedroom, 1-bathroom home in Muskoka Lakes is for sale offering roughly 350 sq ft of space. Its $1,449,000 asking price sits right in line with the $1,449,000 median in Muskoka Lakes. It has been on the market 57 days, fresher than the Muskoka Lakes average of 94 days.
Updated cottage retreat situated at the mouth of Lake Muskoka and minutes from Port Carling! Enjoy long sun-filled days on this the south-west facing enchanting property, ideally located on the Lake Muskoka side of the Indian River with 185' of frontage (assessed), providing easy access to the sparkling waters of Lake Muskoka, Lake Rosseau and Lake Joseph. The main cottage features 2 bedrooms and a full bathroom, recently updated to provide a fresh, contemporary feel. Ready for immediate enjoyment the cottage has new flooring throughout, an upgraded kitchen, complemented by stylish Emtek hardware and new laundry area. Every detail has been meticulously attended to, including winterizing for use throughout the seasons. Just steps away, the charming bunkie offers extra sleeping quarters for 6 with a 2pc bath, perfect for guests, teens or family gatherings. The bunkie boasts new flooring and lighting and private deck space. The impressive 2-storey boathouse not only houses your watercraft but also features comfortable accommodations above, complete with 2 bedrooms, a 3pc bath, and a refreshed kitchen. The boathouse has been thoughtfully updated with new flooring, lighting, and hardware, and freshly painted interiors create a warm and welcoming atmosphere. All three buildings have been freshly painted on the exterior to match, boasting new roofs that enhance the overall appeal. This turn-key opportunity comes lavishly furnished with high-end decor, allowing you to enjoy your new oasis immediately. Picture yourself unwinding on the boathouse deck, or the large lakeside fire pit, taking in the lively surroundings of Port Carling while having direct access to boating adventures across 'The Big 3'. Whether you prefer a leisurely boat ride or a scenic drive, you are perfectly positioned to explore the area. Don't miss your chance to experience this exceptional property where updates and location come together to create the ultimate cottage that you can enjoy right away. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 57 days on market, against an average age of 94 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 2-bed single family in Muskoka Lakes (Medora) has been listed for 57 days, which is 37 days fresher than the city average of 94. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,449,000, about 16.1× the local median household income of $90,000.
Carrying it typically needs a household income of about $283,040 (20% down, 25-yr amortization, stress-tested) — roughly 214% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0B)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.