1053 Bruce Lake Drive, Muskoka Lakes, ON

$1,150,000
MLS#:X12183609
3 beds
2 baths
1100-1500 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on June 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 Medora. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $1,150,000 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 1100-1500 sqft on a spacious lot (Feet)
  • 4.0 total parking spaces available
  • Notable attributes: Carpet Free, Guest Accommodations, Water Treatment
  • equipped with wall unit(s) central cooling and highly efficient other heating via wood

Description

Ideally situated on Bruce Lake in the hub of Muskoka, encompassing all that is reminiscent of cottage life. Beloved summer sunset exposure, stunning views across the lake to an unadorned shoreline, flat land and lakeside firepit the key ingredients to Muskoka memories. This charming 3 season cottage features 3 bedrooms, 2 baths, beautiful kitchen with several new appliances, lakeside living room with walkout to deck, separate family room with cozy woodstove plus a mini split heating/cooling system throughout to extend the seasons and a traditional screened Muskoka room. Overflow retreats to the inviting Bunkie with EBB heat just steps from the cottage mudroom entrance with easy access to the 3 pc. bath. Additional upgrades include new flooring, lighting, and custom cabinetry. Picturesque pine and granite rock adorned level land offers 98 feet of natural shoreline, translating to lower taxes, while providing the feeling of space from neighbours. Easy access to the cottage via flat entry and multiple outdoor play areas including back yard, stunning waterfront and large dock. Centre ice to the Big Three lakes and amenities of Minett, Port Sandfield and Port Carling.

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Property Summary

This detached home located at 1053 Bruce Lake Drive, Muskoka Lakes is currently for sale and has been available on SousaSells for 430 days. This property is listed at $1,150,000 with an estimated mortgage of $3,828* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 1053 Bruce Lake Drive, Muskoka Lakes is in the Medora neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Medora, Muskoka Lakes.

Highly Recommended for Families
What We Love About This Home
  • 3 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • 1100-1500 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Families, couples, or downsizers looking for a well-proportioned home in Muskoka Lakes.

Target Buyer Match

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 6, 2025
Sold price information is available to members only
Listed Date5/30/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementNone
CountyMuskoka
Annual Tax$2,425.36
Legal DescriptionLT 1 PL 41 MEDORA; MUSKOKA LAKES

Parking & Garage

Parking Total4.0
Parking Space4
Garage TypeNone

Heating & Cooling

Heat SourceWood
Heat TypeOther
CoolingWall Unit(s)

Features

Property Features

None listed

Interior Features

  • Carpet Free
  • Guest Accommodations
  • Water Treatment

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 1053 Bruce Lake Drive, Muskoka Lakes, ON

Q.What is the asking price for 1053 Bruce Lake Drive, Muskoka Lakes, ON ?

The current listing price for 1053 Bruce Lake Drive, Muskoka Lakes, ON in Medora, Muskoka Lakes is $1,150,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 3 bedrooms and 2 bathrooms across approximately 1100-1500 sqft.

Q.What property type and architectural style is 1053 Bruce Lake Drive, Muskoka Lakes, ON ?

1053 Bruce Lake Drive, Muskoka Lakes, ON is a Detached (Bungalow) featuring a None basement.

Q.What interior features are included in this home?

Interior highlights include: Carpet Free, Guest Accommodations, Water Treatment.

Q.Is parking available at this property?

Yes, this property offers parking space for 4.0 vehicles (None).

Q.What heating and cooling systems are installed?

Heating is provided via Wood and cooling via Wall Unit(s).

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Location

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1053 Bruce Lake Drive, Muskoka Lakes, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1053 Bruce Lake Drive 5, Muskoka Lakes, ON P0B 1G0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Muskoka Lakes.

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Interest Rate4.00%
Down Payment$345,000 (30.0%)
* Minimum Canadian down payment required for this price is $230,000.
Amortization Period30 Years
Estimated Monthly Payment$3,828Based on a loan of $805,000 over 30 years.
Purchase Price$1,150,000
Loan Amount$805,000
Provincial Land Transfer Tax:$19,475
Total Estimated Closing Taxes:$19,475

About Purchasing a Home in Muskoka Lakes, ON

For a property listed at $1,150,000 in Muskoka Lakes, the legal minimum down payment is $230,000 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 $19,475 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 $19,475.

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Medora, Muskoka Lakes Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Medora, Muskoka Lakes.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$2,836,640

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in Medora, Muskoka Lakes

Elementary Schools

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Secondary Schools

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Medora, Muskoka Lakes Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.