1018 Cove Road, Muskoka Lakes, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Watt. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $350,000 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.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
Description
Set on the shores of sought-after Three Mile Lake, this pictureesque 1-acre waterfront property offers approximately 314 feet of south facing frontage and exceptional privacy in a peaceful natural setting. The lot features a gently cleared building area surrounded by mature trees, creating the perfect canvas for a custom cottage or year round home. Enjoy expansive lake views, calm shoreline access and endless opportunities for boating, swimming and fishing on one of Muskoka's largest and most desirable lakes. Located on a municipally maintained road and within easy reach of Huntsville and Bracebridge, the property offers a rare balance of seclusion and convenience. Whether you envision a luxury cottage retreat or a quiet lakeside escape, this beautiful waterfront parcel is ready to bring your vision to life.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1018 Cove Road 7, Muskoka Lakes, ON P0B 1J0
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About Purchasing a Home in Muskoka Lakes, ON
For a property listed at $350,000 in Muskoka Lakes, the legal minimum down payment is $17,500 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 $3,725 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 $3,725.
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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.