1022 Summit Road, Muskoka Lakes, ON
Property no longer active
This property was sold on September 23, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Wood (Muskoka Lakes). Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $789,000 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 sqft on a premium 90 x 317 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor
- Efficient other heating via propane
Description
Discover your dream getaway at 1022 Summit Road, nestled on the sought-after shores of Nine Mile Lake. This charming, drive-to retreat is just minutes from the quaint town of Torrance and close to both Bala and Gravenhurst, offering the perfect blend of privacy and convenience. Boasting 90 feet (100 feet assessed) of pristine frontage with breathtaking southwest exposure, this beautifully maintained 2-bedroom, 1-bath cottage, complemented by a cozy bunkie, is ready for your immediate enjoyment. The open-concept design invites seamless living and entertaining, while the expansive deck provides the ideal outdoor space to relax and host friends. Perched on an elevated lot, this property offers sweeping, panoramic views of Nine Mile Lake, one of Muskoka's best-kept secrets. Fully furnished and move-in ready, it's the perfect place to create lasting memories with family and friends. Nine Mile Lake is a rare gem in Muskoka, with limited properties coming available each year. Don't miss your chance to own this exceptional piece of paradise - 1022 Summit Road wont last long! Torrance is home to the Muskoka Beer Spa and Clear Lake Brewery, making it one of the premier weekend destinations in Muskoka.
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Property Summary
This detached home located at 1022 Summit Road, Muskoka Lakes is currently for sale and has been available on SousaSells for 340 days. This property is listed at $789,000 with an estimated mortgage of $2,626* per month. It has 2 beds, 1 bathroom, and is < 700 square feet. 1022 Summit Road, Muskoka Lakes is in the Wood (Muskoka Lakes) 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 Wood (Muskoka Lakes), Muskoka Lakes.
- •2 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •< 700 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
- Primary Bedroom - Main Floor
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1022 Summit Road, Muskoka Lakes, ON
Q.What is the asking price for 1022 Summit Road, Muskoka Lakes, ON ?
The current listing price for 1022 Summit Road, Muskoka Lakes, ON in Wood (Muskoka Lakes), Muskoka Lakes is $789,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 1 bathroom across approximately < 700 sqft.
Q.What property type and architectural style is 1022 Summit Road, Muskoka Lakes, ON ?
1022 Summit Road, Muskoka Lakes, ON is a Detached (Bungalow-Raised) featuring a Crawl Space basement.
Q.What interior features are included in this home?
Interior highlights include: Primary Bedroom - Main Floor.
Q.Is parking available at this property?
Yes, this property offers parking space for 10.0 vehicles (None).
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 $789,000 in Muskoka Lakes, the legal minimum down payment is $53,900 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 $12,255 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 $12,255.
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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.