1160 Butterfly Road, Muskoka Lakes, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Medora. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $900,000 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 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 400 x 999 ft lot
- 10.0 total parking spaces available
- Notable attributes: Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned
- Efficient forced air heating via propane
Description
Escape to the peace and privacy of Muskoka with this exceptional year-round waterfront retreat on spectacular Butterfly Lake. Tucked away at the end of a quiet residential street with only one neighbouring property, this rare offering boasts over 250 feet of pristine shoreline and 99 acres of land (with only approximately 25 acres designated EP), providing endless opportunities to enjoy today while offering incredible future potential. Expand the property with additional bunkies, guest cabins, or a private recreational retreat (subject to approvals), with potential for a future two-car garage (subject to approvals).Step outside and stroll along the boardwalk to your floating dock, where you can fully embrace Muskoka waterfront living. The spacious deck off the home creates an inviting outdoor living space, perfect for gathering with family and friends while enjoying the peaceful surroundings. Snowmobile trails run through the backyard and connect to the area's extensive trail network, providing exceptional four-season recreation right from your property.Located just minutes from the charming village of Port Carling, with a gas station, LCBO, and convenience store just up the road, and approximately 1 hour 40 minutes from the GTA, this property offers the perfect blend of convenience, privacy, and tranquility. Currently licensed as a Short-Term Rental, it also presents an excellent opportunity to generate rental income while owning a true Muskoka escape.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Lake Access, Wooded/Treed, Waterfront, Lake/Pond, Beach, Electric Car Charger
Interior Features
Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1160 Butterfly Road, Muskoka Lakes, ON P0B 1J0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Muskoka Lakes, ON
For a property listed at $900,000 in Muskoka Lakes, the legal minimum down payment is $65,000 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 $14,475 for this transaction. As this listing is in Muskoka Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $14,475.
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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.