1006 Youngs Road, Muskoka Lakes, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Medora. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $929,000 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 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 161 x 207 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free
- Efficient baseboard heating via propane
Description
Welcome to Ada Lake! This charming & completely renovated 3 bedroom/ 2 Bath year-round cottage or home also includes a fabulous self-contained Bunkie with bathroom & kitchen. The bright, spacious open-concept interior features an open-concept living room with a dining and kitchen area, perfect for staying connected with family and friends, even while preparing a meal or washing dishes! Featuring painted hardwood flooring and a gas fireplace to complete the cozy "cabin" ambiance of the main floor. Outside, the expansive deck is the perfect place to savour a good book, enjoy Al Fresco dining or lounge in the all-day sunshine. The Bunkie is almost 400 square feet and is ideal for guest overflow or a private place for older children. Fabulous privacy is afforded by the orientation of the neighbouring cottages, the natural tree coverage, and the topography. The gentle land is perfect for everything from croquet to camping, and the shallow sandy entry at the waterfront is perfect for multigenerational families. The popular central location between Port Carling and Bala is ideal and offers easy access to world-class golf, spas, restaurants, and shopping, all of which help make this a truly special offering, perfect for the first-time cottage buyer or perhaps a year-round resident.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1006 Youngs Road #8, Muskoka Lakes, ON P0B 1J0
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About Purchasing a Home in Muskoka Lakes, ON
For a property listed at $929,000 in Muskoka Lakes, the legal minimum down payment is $67,900 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 $15,055 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 $15,055.
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