$85,999

For saleJust listed

#L204-A1&B1 1869 Muskoka 118 Road West, Muskoka Lakes (Monck (Muskoka Lakes)) - Single Family for Sale

#L204-A1&B1 1869 Muskoka 118 Road West, Muskoka Lakes (Monck (Muskoka Lakes)), Ontario, P1L1W8

1 bed1 bath1 parking550 ft²$357/mo condo feeListed 5 days ago

Overview

This 1-bedroom, 1-bathroom condo in Muskoka Lakes is for sale offering roughly 550 sq ft of space. Its $85,999 asking price sits right in line with the $85,999 median in Muskoka Lakes. It has been on the market 5 days, fresher than the Muskoka Lakes average of 113 days.

Condos for Sale in Muskoka Lakes →All real estate in Muskoka Lakes →

Description

Your cottage, available when you want it, or can be rented for you when you don't. Become a 1/4 (25%) fractional owner in Touchstone Resort! Like vacationing in a 5-Star hotel that you own. Spectacular water views, private deck, lakeside pool & hot tub, marina, sand beach & docks, summertime midnight lazing under the stars. Enjoy the onsite Spa @ Touchstone & Touchstone Grill & Lounge. Master the nearby golf course. Four seasons activities! Maintenance fee covers all utilities, housekeeping, furnishings, linens and upkeep. *** Note for Investors*** Rental income covers unit owners overhead with a modest cash flow. Not intended to be strictly an income property. ***This is NOT a timeshare***. This is a Monday to Monday occupancy unit (id:66096)

Property Details

MLS®: X14131510
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Pool: Yes
Waterfront: Yes
Condo Fee: $357/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Freehold

Rooms

Ground level

Kitchen: 3.86 x 2.68 meters
Dining room: 3.86 x 2.68 meters
Primary Bedroom: 4.82 x 3.84 meters
Sunroom: 3.39 x 3.09 meters
Other: 3.4 x 2.2 meters

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

Features

Flooring: Hardwood
Exterior: Wood, Stone
Lot Features: Wooded area, Sloping, Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Muskoka Lakes (Monck (Muskoka Lakes)) listings, avg age

113d

Price / ft²

$157

List price

$86K

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 1-bed single family in Muskoka Lakes (Monck (Muskoka Lakes)) has been listed for 5 days, which is 108 days fresher than the city average of 113. Act while there is still low competition.

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Listed by RE/MAX REALTRON SMART CHOICE TEAM · MARK AMADOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1L)

This home lists at $85,999, about 1.0× the local median household income of $86,000.

Carrying it typically needs a household income of about $16,799 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $86,000
Population: 17,984
Median age: 51.2
Owner / renter: 80% / 20%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P1L)

$85,999· $157/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $4,299.95

Min 5%50%

Mortgage payment$453/mo

↳ CMHC premium ($3,268 capitalized)

Property tax (est.)$31/mo

Condo fee$357/mo

Total monthly$842

Cash Needed to Close

Down payment (5%)$4,300

Land transfer tax$585

Est. closing costs$2,758

Total cash needed$7,643

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