1054 DEEWOOD Drive, Muskoka Lakes, ON

$799,000
MLS#:X10435327
3 beds
1 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 10, 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 wood construction, this residence presents an exceptional opportunity offered at $799,000 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 700-1100 sqft
  • 4.0 total parking spaces available
  • Notable attributes: Propane Tank, Water Heater Owned
  • Efficient heating via propane

Description

Welcome to your dream 3-season cottage on the picturesque shores of Three Mile Lake! This stunning property on a beautiful point of land, boasts a generous 140 feet of frontage, offering breathtaking panoramic views and an idyllic southern exposure that bathes the lot in sunlight. The cottage itself features 3 bedrooms and 1 - 3 piece bathroom, all exuding a charming rustic ambiance with pine floors and vaulted ceilings. The open-concept living space is warmed by a new propane fireplace, ensuring comfort during cooler evenings. Enjoy access to the wrap-around deck, partially covered, from both the Living Room and Kitchen enhancing the indoor-outdoor living experience, making it ideal for enjoying the tranquil surroundings. For additional accommodation, the property includes a charming Bunkie equipped with a double/single bunk, perfect for overflow guests or children. Recent upgrades include a new dock, a reshingled roof, and an updated electricall panel, and UV/Water Filtration system ensuring the cottage is well-maintained and ready for your enjoyment. The firepit area offers a fantastic space for evening gatherings, creating lasting memories under the starlit sky. This property also provides excellent lateral privacy, allowing you to fully immerse yourself in the serene natural setting. Embrace the beauty and tranquility of lakeside living with this enchanting 3-season cottage on Three Mile Lake. It’s the perfect retreat for those seeking a cozy and rustic escape with all the modern comforts. Don't miss the opportunity to make this stunning property your own!

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Property Summary

This detached home located at 1054 DEEWOOD Drive, Muskoka Lakes is currently for sale and has been available on SousaSells for 791 days. This property is listed at $799,000 with an estimated mortgage of $2,660* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 1054 DEEWOOD Drive, 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
  • 700-1100 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
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date6/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementNone
CountyMuskoka
Annual Tax$2,014.42
Legal DescriptionPCL 21339 SEC MUSKOKA; PT LT 20 CON 8 WATT PT 1 BR1167 T/W PT 6, 2, 3, 4 BR1167 AS IN LT50284; T/W PT 7 BR1034 AS IN LT50284; T/W PT 44 BR1117 AS IN LT50284; MUSKOKA LAKES ; THE DISTRICT MUNICIPALITY OF MUSKOKA

Parking & Garage

Parking Total4.0
Parking Space4
Garage TypeNone

Heating & Cooling

Heat SourcePropane
CoolingNone

Features

Property Features

None listed

Interior Features

  • Propane Tank
  • Water Heater Owned

Security Features

  • None

Community Features

None listed

Frequently Asked Questions about 1054 DEEWOOD Drive, Muskoka Lakes, ON

Q.What is the asking price for 1054 DEEWOOD Drive, Muskoka Lakes, ON ?

The current listing price for 1054 DEEWOOD Drive, Muskoka Lakes, ON in Watt, Muskoka Lakes is $799,000.

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

This property features 3 bedrooms and 1 bathroom across approximately 700-1100 sqft.

Q.What property type and architectural style is 1054 DEEWOOD Drive, Muskoka Lakes, ON ?

1054 DEEWOOD Drive, Muskoka Lakes, ON is a Detached (Bungalow) featuring a None basement.

Q.What interior features are included in this home?

Interior highlights include: Propane Tank, Water Heater Owned.

Q.What security features are installed at 1054 DEEWOOD Drive, Muskoka Lakes, ON ?

Security features include: None.

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 Propane and cooling via None.

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Location

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1054 DEEWOOD 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 1054 DEEWOOD Drive 5, Muskoka Lakes, ON P0B 1M0

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$239,700 (30.0%)
* Minimum Canadian down payment required for this price is $54,900.
Amortization Period30 Years
Estimated Monthly Payment$2,660Based on a loan of $559,300 over 30 years.
Purchase Price$799,000
Loan Amount$559,300
Provincial Land Transfer Tax:$12,455
Total Estimated Closing Taxes:$12,455

About Purchasing a Home in Muskoka Lakes, ON

For a property listed at $799,000 in Muskoka Lakes, the legal minimum down payment is $54,900 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 $12,455 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 $12,455.

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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

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Secondary Schools

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Watt, 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.