1054 Cove Road, Muskoka Lakes, ON

$899,800
MLS#:X8446944
3 beds
1 baths
6.0 parking
Residential Freehold
Loading property media...
⚠️

Property no longer active

This property was sold on July 19, 2024. 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 $899,800 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
  • Premium 206 x 591.03 ft lot size
  • Features a half, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

Embrace Cottage Life on Three Mile Lake: A Muskoka Treasure! Welcome to your dream cottage on Three Mile Lake, one of the largest and most picturesque lakes in the Muskoka region. This enchanting property blends rustic charm with modern comforts, offering an idyllic retreat for both relaxation and adventure. Cottage Highlights: Step into a world of cozy elegance with three spacious bedrooms and one charming bathroom. With southwest exposure, you'll be treated to breathtaking lake views and stunning sunsets from your own slice of paradise. The open-concept layout invites you into a warm and welcoming space, where the kitchen flows seamlessly into a spacious living room adorned with cathedral ceilings and illuminated by the warm glow of a wood stove. The kitchen is a true heart of the home, featuring quartz countertops and knotty Alder cabinetry imported from Manitoba, combining rustic charm with modern functionality. Enjoy the beauty of the Muskoka landscape from the comfort of the Muskoka room, perfect for casual dining or entertaining. Step outside onto the large cedar deck or the lakeside bistro patio, ideal for al fresco dining and soaking in the serene lake views. Outdoor Features: Your own private natural sandy beach offers a perfect oasis for swimming and sunbathing. With 208 feet of shoreline and over 50 feet of floating dock, you have ample space for launching kayaks, fishing, or simply enjoying the tranquil waters. Explore the great outdoors with nearby hiking, biking, and ATV trails, or tee off at world-class golf courses set amidst breathtaking scenery. Location: Conveniently located just 20 minutes from Rosseau and Port Carling, this cottage offers the perfect balance of seclusion and accessibility. With a quick closing available, you can start enjoying this beautiful property all summer long. Don't miss the chance to own this hidden gem in Muskoka. Schedule your private viewing today and make your cottage dreams a reality!

Schedule a Tour

Contact us to schedule a private viewing of this property.

Contact Agent

Generate CMA Report

Property Summary

This detached home located at 1054 Cove Road, Muskoka Lakes is currently for sale and has been available on SousaSells for 777 days. This property is listed at $899,800 with an estimated mortgage of $2,995* per month. It has 3 beds, 1 bathroom, and is unknown square feet. 1054 Cove Road, Muskoka Lakes is in the Watt 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 1 bathroom, this home offers ample space and comfort for growing families in Watt, Muskoka Lakes.

Highly Recommended for Families
What We Love About This Home
  • 3 spacious bedroom layout offering versatile living space
  • 1 well-appointed bathroom
  • Desirable Detached architecture in Watt, Muskoka Lakes
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
1
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 19, 2024
Sold price information is available to members only
Listed Date6/17/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementHalf, Unfinished
Lot Size206 × 591.03 Feet
CountyMuskoka
Annual Tax$2,293.34
Legal DescriptionPt Lt 5 Con 6 Watt; Pt Rdal In Front Of Lt 5 Con 6 Watt Closed By DM343024, Pt 1 35R19411, Pt 1-3 35

Parking & Garage

Parking Total6.0
Parking Space6
Garage TypeNone

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Waterfront
  • Golf
  • Lake Access
  • Beach
  • Clear View

Interior Features

  • Water Heater

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 1054 Cove Road, Muskoka Lakes, ON

Q.What is the asking price for 1054 Cove Road, Muskoka Lakes, ON ?

The current listing price for 1054 Cove Road, Muskoka Lakes, ON in Watt, Muskoka Lakes is $899,800.

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

This property features 3 bedrooms and 1 bathroom.

Q.What property type and architectural style is 1054 Cove Road, Muskoka Lakes, ON ?

1054 Cove Road, Muskoka Lakes, ON is a Detached (Bungalow) featuring a Half, Unfinished basement.

Q.What key property features does 1054 Cove Road, Muskoka Lakes, ON offer?

Key property features include: Waterfront, Golf, Lake Access, Beach, Clear View.

Q.What interior features are included in this home?

Interior highlights include: Water Heater.

Q.Is parking available at this property?

Yes, this property offers parking space for 6.0 vehicles (None).

Q.What heating and cooling systems are installed?

Heating is provided via Propane and cooling via Central Air.

Virtual Tour & 3D Walkthrough

Virtual 360° Walkthrough & Live Video Tour

Request a live agent video tour or get 3D virtual walkthrough access for 1054 Cove Road, Muskoka Lakes, ON .

Location

Initializing map...
1054 Cove Road, Muskoka Lakes, ON

Google Street View

Open in Google Maps
Loading local market trends...

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 1054 Cove Road 8, Muskoka Lakes, ON P0B 1M0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
Loading stats...

Properties in this area are selling at a steady pace.

Market Trend
Calculating trend...

Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$269,940 (30.0%)
* Minimum Canadian down payment required for this price is $64,980.
Amortization Period30 Years
Estimated Monthly Payment$2,995Based on a loan of $629,860 over 30 years.
Purchase Price$899,800
Loan Amount$629,860
Provincial Land Transfer Tax:$14,471
Total Estimated Closing Taxes:$14,471

About Purchasing a Home in Muskoka Lakes, ON

For a property listed at $899,800 in Muskoka Lakes, the legal minimum down payment is $64,980 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 $14,471 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 $14,471.

Similar Listings in Watt, Muskoka Lakes

Explore all Just Listed Homes in Muskoka Lakes

Watt, Muskoka Lakes Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,789,423

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 Watt, Muskoka Lakes

Elementary Schools

No elementary schools data loaded.

Secondary Schools

No secondary schools data loaded.

Watt, Muskoka Lakes Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

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.