1011 PORTAGE Street, Muskoka Lakes, ON
Property no longer active
This property was sold on November 7, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Medora. Expertly crafted featuring premium board & batten and wood construction, this residence presents an exceptional opportunity offered at $495,000 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 700-1100 sqft on a spacious lot (Feet)
- 2.0 total parking spaces available with a convenient other configuration
- Notable attributes: Water Heater Owned, Carpet Free
- equipped with other central cooling and highly efficient baseboard heating via electric
Description
Charming Bala Retreat , Prime Location with Waterfront Proximity & Airbnb Potential! Welcome to 1011 Portage Street, a rare opportunity to own a beautifully maintained property in the heart of Bala, Muskoka's beloved hub of summer charm and natural beauty. Whether you're looking for a successful turnkey Airbnb investment or a cozy year-round home, this versatile retreat offers the best of both worlds. Just steps from the sparkling waters of Lake Muskoka and Moon River, this property offers the ultimate Muskoka lifestyle. Imagine walking to the docks for sunset views, enjoying summer festivals, or take your kayak for a peaceful paddle all just minutes from your front door. This well-appointed home blends rustic charm with modern comfort, featuring bright, open-concept living spaces, an updated kitchen, and a welcoming outdoor space perfect for entertaining or relaxing after a day of adventure. With a solid booking history as a popular Airbnb, it's already a proven income generator or you can choose to make it your private getaway or permanent home in cottage country. Location is everything, and this one delivers you're just a short walk to Downtown Bala's restaurants, shops, the Kee to Bala concert venue, and of course, Don's Bakery, a local institution. From the iconic Bala Cranberry Festival to lakeside dining, everything you need for a vibrant Muskoka lifestyle is close at hand. Don't miss your chance to own a piece of Bala's magic whether you're investing, relocating, or dreaming of cottage life, 1011 Portage Street is ready to welcome you.
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Property Summary
This detached home located at 1011 PORTAGE Street, Muskoka Lakes is currently for sale and has been available on SousaSells for 363 days. This property is listed at $495,000 with an estimated mortgage of $1,648* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 1011 PORTAGE Street, Muskoka Lakes is in the Medora neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Medora, Muskoka Lakes.
- •2 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •700-1100 sqft of generous functional square footage
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Water Heater Owned
- Carpet Free
Security Features
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
Frequently Asked Questions about 1011 PORTAGE Street, Muskoka Lakes, ON
Q.What is the asking price for 1011 PORTAGE Street, Muskoka Lakes, ON ?
The current listing price for 1011 PORTAGE Street, Muskoka Lakes, ON in Medora, Muskoka Lakes is $495,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 1 bathroom across approximately 700-1100 sqft.
Q.What property type and architectural style is 1011 PORTAGE Street, Muskoka Lakes, ON ?
1011 PORTAGE Street, Muskoka Lakes, ON is a Detached (Bungalow) featuring a None basement.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned, Carpet Free.
Q.What security features are installed at 1011 PORTAGE Street, Muskoka Lakes, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 2.0 vehicles (Other).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Other.
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Pricing & Value Insights
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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 $495,000 in Muskoka Lakes, the legal minimum down payment is $24,750 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 $6,375 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 $6,375.
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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.