3016 118 Highway, Bracebridge, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Oakley. Expertly crafted featuring premium log and wood construction, this residence presents an exceptional opportunity offered at $599,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 538.04 x 212.26 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 112.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Heater Owned
- Efficient forced air heating via propane
Description
Welcome to 3016 Highway 118, a charming bungalow set on just over 2 acres of beautifully treed land, offering the perfect balance of privacy, comfort, and country living. Located only 20 minutes from the heart of Bracebridge and with easy access to Highway 11, this peaceful property is surrounded by mature trees and abundant wildlife, creating a truly relaxing Muskoka setting.This well maintained 2 bedroom, 1 bathroom home features a bright open concept layout with large windows that fill the space with natural light. The living room offers warm hardwood floors, while the spacious kitchen and dining area provide plenty of room for entertaining family and friends. The bathroom includes a large soaking tub and separate walk in shower for added comfort.One of the standout features of this home is the incredibly spacious and versatile mudroom. Currently used as a laundry area, this space offers endless potential and could easily become a beautiful sitting room, reading nook, or cozy lounge overlooking the private backyard. With plumbing still in place from a former dog wash station, there is also potential for a future second bathroom.The unfinished basement offers high ceilings and plenty of opportunity to create additional living space to suit your needs. Recent updates include a propane forced air furnace and roof shingles completed in 2021. Outside, enjoy the circular driveway with two entrances, ample parking, a detached insulated and heated double garage with steel roof, and a spacious back deck perfect for enjoying morning coffee or evenings around the fire pit while taking in the peaceful surroundings. If you have been searching for a private country property with room to grow and make your own, this lovely bungalow is one you will not want to miss.
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Pricing & Value Insights
Data-driven valuation for 3016 118 Highway, Bracebridge, ON P1L 1X1
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About Purchasing a Home in Bracebridge, ON
For a property listed at $599,000 in Bracebridge, the legal minimum down payment is $34,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,455 for this transaction. As this listing is in Bracebridge (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.