1086 PENNWOOD RD Road, Muskoka Lakes, ON
Property no longer active
This property was sold on October 15, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Other detached located in the coveted neighborhood of Medora. Expertly crafted featuring premium wood and vinyl siding construction, this residence presents an exceptional opportunity offered at $3,150,000 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.
- 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 3000-3500 sqft
- Features a walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Water Heater Owned
- Efficient baseboard heating via wood
Description
Discover this enchanting family cottage on the serene shores of Lake Muskoka, just minutes from Port Carling by car or boat where you can enjoy local restaurants and shops, golf and so much more. This idyllic property offers a perfect blend of practicality and desirability, making it an ideal retreat with endless development opportunities, all while being accessible year-round. The cottage boasts 3,000 sq/ft of living space, featuring 5 bdrms and 3 bthrms. Cathedral ceilings and oversized windows flood the cottage with natural light, offering sparkling lake views. The unique floor plan is perfect for welcoming the whole family. Three of the bedrooms are in the walk-out basement, complete with a 4-piece bath & utility/laundry room. Looking for a home office or additional flex space, the loft above the kitchen offers just that with plenty of head room and natural light. An additional oversized living space on the east side of the cottage, added in 08, includes an open bachelor-style floor plan, kitchenette, 3-piece bath, propane fireplace, and a versatile living/sleeping area, perfect for guests or as an in-law suite. Cozy up by one of the two beautiful woodstoves in the original section of the cottage, extending your season while lakeside in Muskoka. Enjoy several sitting areas within the cottage with stunning lake views, including the oversized deck, which serves as a gathering place for evening dinners and entertaining. The very private setting, with 1.05 A and 200 feet of natural frontage, ensures your neighbours are nicely tucked away. The natural sloping Muskoka shoreline features a 1-slip boathouse with a 19.5' x 31' sundeck, perfect for basking in the southern exposure. Situated on a quiet road with breathtaking views of the lake with Horseshoe Island in the near distance. Lake Muskoka, part of a chain of three lakes, offers endless exploration and adventure for a new or well seasoned cottager. Come enjoy a unique retreat on Pennwood Road!
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Property Summary
This detached home located at 1086 PENNWOOD RD Road, Muskoka Lakes is currently for sale and has been available on SousaSells for 726 days. This property is listed at $3,150,000 with an estimated mortgage of $10,485* per month. It has 5 beds, 3 bathrooms, and is 3000-3500 square feet. 1086 PENNWOOD RD Road, Muskoka Lakes is in the Medora neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Medora, Muskoka Lakes.
- •5 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Medora, Muskoka Lakes.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Separate Heating Controls
- Water Heater Owned
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1086 PENNWOOD RD Road, Muskoka Lakes, ON
Q.What is the asking price for 1086 PENNWOOD RD Road, Muskoka Lakes, ON ?
The current listing price for 1086 PENNWOOD RD Road, Muskoka Lakes, ON in Medora, Muskoka Lakes is $3,150,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 3 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 1086 PENNWOOD RD Road, Muskoka Lakes, ON ?
1086 PENNWOOD RD Road, Muskoka Lakes, ON is a Detached (Other) featuring a Walk-Out, Separate Entrance basement.
Q.What interior features are included in this home?
Interior highlights include: Separate Heating Controls, Water Heater Owned.
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 None.
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About Purchasing a Home in Muskoka Lakes, ON
For a property listed at $3,150,000 in Muskoka Lakes, the legal minimum down payment is $630,000 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 $65,225 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 $65,225.
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