$810,000

For sale

#4 1202 Shea Road, Muskoka Lakes (Watt) - Single Family for Sale

#4 1202 Shea Road, Muskoka Lakes (Watt), Ontario, P0B1M0

4 beds1 bath6 parking900 ft²96 × 245 ft (23,520 sq ft) lot sizeListed 21 days ago

Overview

This 4-bedroom, 1-bathroom home in Muskoka Lakes is for sale offering roughly 900 sq ft of space. Listed at $810,000, it is attractively priced about 5% below the $849,999 median asking price in Muskoka Lakes. It has been on the market 21 days, fresher than the Muskoka Lakes average of 85 days.

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Description

NEW PRICE - EXCEPTIONAL MUSKOKA VALUE! Your turnkey waterfront escape on Three Mile Lake just became even more accessible. The sellers are highly motivated and ready to pass the keys to their beloved four-season retreat. Featuring 3 cozy bedrooms in the main cottage plus a private separate bunkie for guests (4 bedrooms total), this property effortlessly balances relaxed cottage charm with modern comfort. Enjoy crisp fall mornings by the fire, sunny summer days out on the dock, and easy year-round access. Ideal as a private family haven, an income-producing rental when you're not using it, or the best of both worlds. The hard work is done-just pack your bags and start living the lake life. Quick/flexible closing available! (id:66096)

Property Details

MLS®: X14085818
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 900 ft²
Lot Size: 96 × 245 ft (23,520 sq ft)
Frontage: 96 ft
Style: Chalet
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 4.6 x 3.1 meters
Dining room: 4.4 x 2.7 meters
Primary Bedroom: 2.2 x 3.5 meters
Bedroom: 2.3 x 3.5 meters
Bedroom: 2.3 x 3.5 meters
Bathroom: 1.3 x 2.1 meters
Kitchen: 2.6 x 3.6 meters

Flat

Bedroom: 2.4 x 3.6 meters

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

Features

Appliances: Hot Tub
Foundation: Block, Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Sloping, Sump Pump

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Muskoka Lakes (Watt) listings, avg age

85d

Price / ft²

$900

List price

$810K

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 4-bed single family in Muskoka Lakes (Watt) has been listed for 21 days, which is 64 days fresher than the city average of 85. Act while there is still low competition.

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Listed by RE/MAX Professionals North · MANDIE CHARLTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0B)

This home lists at $810,000, about 9.0× the local median household income of $90,000.

Carrying it typically needs a household income of about $158,221 (20% down, 25-yr amortization, stress-tested) — roughly 76% 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)

$810,000· $900/ft²

For sale

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Full Cost Breakdown

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Down Payment6.91% · $56,000.00

Min 6.91%50%

Mortgage payment$4,180/mo

↳ CMHC premium ($30,160 capitalized)

Property tax (est.)$197/mo

Total monthly$4,378

Cash Needed to Close

Down payment (6.91%)$56,000

Land transfer tax$12,675

Est. closing costs$4,930

Total cash needed$73,605

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