$1,599,000
Parry Sound Remote Area
7313 534 Highway, Parry Sound Remote Area (Restoule), Ontario, P0H2R0
This 5-bedroom, 4-bathroom home in Parry Sound Remote Area is for sale offering roughly 2,750 sq ft of space.
Welcome to luxury living on coveted Restoule Lake-an extraordinary 5-bedroom, 4-bath executive waterfront home offering over 4,000 sq. ft. of beautifully designed living space, soaring 10-foot ceilings, and more than 500 feet of spectacular shoreline. For buyers seeking premium waterfront living without Muskoka price tags, this remarkable property delivers exceptional value on one of Northern Ontario's most desirable lakes. Designed to capture breathtaking lake views, the open-concept living, dining and kitchen area is highlighted by a dramatic wall of windows overlooking the water and flows seamlessly onto an impressive 60-foot deck with sleek glass railings-perfect for entertaining. The chef-inspired galley kitchen is built for everyday living and large gatherings alike, featuring double dishwashers, double wall ovens, two refrigerators, and a spacious walk-in pantry. The main level also offers a private office ideal for working from home, a bright three-season sunroom, and a convenient 3-piece bath. Upstairs you'll find five spacious bedrooms, including a stunning primary retreat with walk-in closet, ensuite, and private balcony overlooking the lake. A second-floor laundry room and additional bath provide comfort and convenience for family and guests. The fully finished lower level offers exceptional space for relaxation and entertainment with a large recreation/games room, media area, and covered walkout leading directly to the patio and hot tub. Outside, enjoy a beautifully designed interlocking stone patio with fire pit and effortless access to the water from the impressive 50' x 16' floating dock just steps away. Experience the caliber of luxury waterfront living often associated with Muskoka, while enjoying greater privacy, expansive shoreline, and outstanding value on beautiful Restoule Lake. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 123 days on market, against an average age of 103 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 75 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 92.7 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 Parry Sound Remote Area (Restoule) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,599,000, about 20.0× the local median household income of $80,000.
Carrying it typically needs a household income of about $312,341 (20% down, 25-yr amortization, stress-tested) — roughly 290% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0H)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.