2892 60 Highway, Lake of Bays, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Franklin. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $635,000 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.
- 4 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 499.99 x 1391 ft lot
- Features a finished with walk-out, separate entrance, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 11.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Primary Bedroom - Main Floor, Water Heater Owned
- Efficient other heating via propane
Description
Tucked into the trees on a level 11+ acre parcel in Dwight, this is a rare chance to secure big land + big water-with approximately 500 feet of frontage on Hwy 60 and nearly 800 feet along the Oxtongue River. Trails wind through the property for walking and ATV exploring, and the mix of towering pines and riverfront creates a private outdoor setting you'll appreciate in every season.The 4-bedroom bungalow offers a functional, spacious layout with a breezeway connecting the double garage to the main home. The main floor includes a combined living/dining area, kitchen with stainless appliances, 2 bedrooms and a full bath. Downstairs you'll find 2 additional bedrooms and a large family room with walkout, plus access to the side yard and hot tub. Outbuildings provide excellent storage and workshop potential.The home will benefit from updating, making this a smart option for buyers who want to get into an exceptional lot and waterfront and improve the house over time. With the visibility and access of Hwy 60, it can also be a strong setup for a home-based business, while the acreage and trails make it a fantastic place to raise a family-space for kids, pets, and outdoor life.Only 10 minutes to Algonquin Park's West Gate and 15 minutes to Huntsville, this property offers a hard-to-replace setting at a compelling entry point for waterfront.
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Property Summary
This detached home located at 2892 60 Highway, Lake of Bays is currently for sale and has been available on SousaSells for 181 days. This property is listed at $635,000 with an estimated mortgage of $2,114* per month. It has 4 beds, 1 bathroom, and is 700-1100 square feet. 2892 60 Highway, Lake of Bays is in the Franklin neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Waterfront, Wooded/Treed
Interior Features
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 2892 60 Highway E, Lake of Bays, ON P0A 1H0
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 Lake of Bays, ON
For a property listed at $635,000 in Lake of Bays, the legal minimum down payment is $38,500 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 $9,175 for this transaction. As this listing is in Lake of Bays (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,175.
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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.