1020 Cove Road, Muskoka Lakes, ON
Property no longer active
This property was sold on November 6, 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 Watt. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $899,000 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 115 x 193 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Primary Bedroom - Main Floor, Sewage Pump, Water Heater Owned
- Efficient forced air heating via propane
Description
Looking to make Muskoka your new home or your new year round retreat? Check out this property!! Fully winterized, updated and spacious (1633 sq ft) 3 bedroom/2 bathroom home/cottage with a two bedroom bunkie. High efficiency propane furnace and woodstove; detached garage; main level laundry; drilled well; level and gently sloped lot with large landscaped front yard and rear yard for kids to play or family and friends to gather. Prime southwest exposure with big lake view; easy access via year round municipal road. All the necessary elements for maximum year round enjoyment. Other features and upgrades include inspected and approved septic system, 2 newer bathrooms, new furnace (2021), roof shingles (2017), large dock with room for multiple boats and lounging, 200 amp service, spacious eat in kitchen with large island that sits 4, open concept layout with vaulted and tongue and groove pine ceilings, full perimeter concrete block foundation (crawlspace with concrete floor) and large front and rear yards. 6 appliances included.
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Property Summary
This detached home located at 1020 Cove Road, Muskoka Lakes is currently for sale and has been available on SousaSells for 397 days. This property is listed at $899,000 with an estimated mortgage of $2,992* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 1020 Cove Road, Muskoka Lakes is in the Watt neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Watt, Muskoka Lakes.
- •3 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Families, couples, or downsizers looking for a well-proportioned home in Muskoka Lakes.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Beach
- Lake/Pond
- Level
Interior Features
- Primary Bedroom - Main Floor
- Sewage Pump
- Water Heater Owned
- Water Purifier
- Water Treatment
Security Features
- None
Community Features
None listed
Frequently Asked Questions about 1020 Cove Road, Muskoka Lakes, ON
Q.What is the asking price for 1020 Cove Road, Muskoka Lakes, ON ?
The current listing price for 1020 Cove Road, Muskoka Lakes, ON in Watt, Muskoka Lakes is $899,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 2 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 1020 Cove Road, Muskoka Lakes, ON ?
1020 Cove Road, Muskoka Lakes, ON is a Detached (Bungalow) featuring a Crawl Space basement.
Q.What key property features does 1020 Cove Road, Muskoka Lakes, ON offer?
Key property features include: Beach, Lake/Pond, Level.
Q.What interior features are included in this home?
Interior highlights include: Primary Bedroom - Main Floor, Sewage Pump, Water Heater Owned, Water Purifier, Water Treatment.
Q.What security features are installed at 1020 Cove Road, Muskoka Lakes, ON ?
Security features include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Propane and cooling via None.
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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 $899,000 in Muskoka Lakes, the legal minimum down payment is $64,900 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 $14,455 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 $14,455.
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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.