$849,000
Muskoka Lakes
#3 1378 THREE MILE LAKE Road, Muskoka Lakes (Watt), Ontario, P0B1M0
This 5-bedroom, 3-bathroom home in Muskoka Lakes is for sale offering roughly 2,250 sq ft of space. Its $849,000 asking price sits right in line with the $849,999 median in Muskoka Lakes. It has been on the market 40 days, fresher than the Muskoka Lakes average of 83 days.
SUPREME VALUE ON THREE MILE LAKE - AN EXCEPTIONAL MUSKOKA WATERFRONT OPPORTUNITY. Wake to quiet mornings on Three Mile Lake as the sun dances across the water. In the evening, retreat to the Muskoka Room and watch the sun set over Hammell's Bay from the spectacular west-facing vantage point. Set on beautiful shoreline, this custom-built 5-bedroom, 3-bathroom home offers a coveted Muskoka setting. The waterfront suits every generation, with a gentle shallow entry for children and deeper water off the dock for swimming, boating and summer days on the lake.Inside, bright, welcoming spaces are designed for relaxed cottage living and comfortable year-round use. Open-concept living areas showcase water views from nearly every window, while the five-bedroom layout provides ample room for family, guests and extended stays.The full walk-out lower level features a self-contained suite with its own kitchen, living area and bathroom-ideal for extended family, private guests or potential income use.Multi-level decks invite outdoor dining and entertaining, while the fire pit sets the scene for evenings under the stars. The oversized two-car garage/workshop and generous parking add everyday convenience. Located on a year-round road with easy access to Bracebridge, Huntsville and Windermere, this property offers the rare combination of a peaceful cottage escape and a comfortable full-time home. A family residence. A legacy cottage. An investment opportunity. Boating, swimming, fishing and sunset evenings on the water-this is Three Mile Lake living at its finest. VALUE PLUS PLUS Call for your private viewing. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 40 days on market, against an average age of 83 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 5-bed single family in Muskoka Lakes (Watt) has been listed for 40 days, which is 43 days fresher than the city average of 83. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $849,000, about 9.4× the local median household income of $90,000.
Carrying it typically needs a household income of about $165,839 (20% down, 25-yr amortization, stress-tested) — roughly 84% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0B)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice




Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.