1040 River Street, Muskoka Lakes, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Medora. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $290,000 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 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 155 x 167 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Carpet Free, Sump Pump
- Efficient forced air heating via oil
Description
Bring your vision to Bala. Set on a lovely road in the heart of this charming Muskoka community, this 3-bedroom, 1-bathroom home is ready for its next chapter. The house needs significant updating, but it has been completely cleared out, giving you a clean slate to see the possibilities and get straight to work. The single-storey layout offers three bedrooms, one bathroom and practical living space, with an unfinished basement providing additional storage and utility space. The home is heated by a forced-air oil furnace and sits on a nicely sized lot with room to rethink, refresh and make it your own. For renovators, investors, or buyers looking for a project, this property offers an opportunity to transform an existing home in one of Muskoka's most beloved small communities. Whether you are imagining a refreshed full-time residence, an investment project or exploring options to meet a local housing need, there is plenty of potential here. This is not a move-in-ready home, and that is exactly the point. It is a chance to start with a blank canvas, bring your ideas to life and create something special in Bala.
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Property Summary
This detached home located at 1040 River Street, Muskoka Lakes is currently for sale and has been available on SousaSells for 0 days. This property is listed at $290,000 with an estimated mortgage of $965* per month. It has 3 beds, 1 bathroom, and is 1100-1500 square feet. 1040 River Street, Muskoka Lakes is in the Medora neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 3 bedrooms and 1 bathroom, this home offers ample space and comfort for growing families in Medora, Muskoka Lakes.
- •3 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •1100-1500 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 Access
- Library
- Park
- Rec./Commun.Centre
- School Bus Route
Interior Features
- Carpet Free
- Sump Pump
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Muskoka Lakes?
If you are looking for a house in Muskoka Lakes or researching Muskoka Lakes real estate for sale, this 3-bedroom detached at 1040 River Street, Muskoka Lakes, ON offers an exceptional opportunity to buy a home in Muskoka Lakes, Ontario. Whether you are a first-time Muskoka Lakes home buyer or comparing active Muskoka Lakes MLS® homes for sale, working with a dedicated Muskoka Lakes buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Muskoka Lakes realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Muskoka Lakes Buyer Budget & Costs
Estimated mortgage: $965*/month*. Estimated Ontario Land Transfer Tax: $2,825. First-time Muskoka Lakes home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Muskoka Lakes
Frequently Asked Questions about 1040 River Street, Muskoka Lakes, ON
Q.What is the asking price for 1040 River Street, Muskoka Lakes, ON ?
The current listing price for 1040 River Street, Muskoka Lakes, ON in Medora, Muskoka Lakes is $290,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 1 bathroom across approximately 1100-1500 sqft.
Q.What property type and architectural style is 1040 River Street, Muskoka Lakes, ON ?
1040 River Street, Muskoka Lakes, ON is a Detached (Bungalow-Raised) featuring a Full, Unfinished basement.
Q.What key property features does 1040 River Street, Muskoka Lakes, ON offer?
Key property features include: Beach, Lake Access, Library, Park, Rec./Commun.Centre, School Bus Route.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free, Sump Pump.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (Carport).
Q.What heating and cooling systems are installed?
Heating is provided via Oil and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Medora, Muskoka Lakes
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 1040 River Street, Muskoka Lakes, ON P0C 1A0
Based on 0 recent similar sales in the pocket.
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 $290,000 in Muskoka Lakes, the legal minimum down payment is $14,500 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 $2,825 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 $2,825.
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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.
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