1118 North Drive, Muskoka Lakes, ON
Property no longer active
This property was sold on October 2, 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 other construction, this residence presents an exceptional opportunity offered at $3,289,000 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.
- 4 Bedrooms and 4 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 468 x 772 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available with a convenient detached configuration
- Notable attributes: ERV/HRV, Primary Bedroom - Main Floor, Water Heater Owned
- equipped with central air central cooling and highly efficient other heating via ground source
Description
Exceptional year-round lakeside retreat offering 468 feet of frontage on beautiful Bruce Lake with southern exposure for all-day sunlight. The main floor showcases a bright, functional, open-concept layout with soaring ceilings, a gorgeous wood-burning fireplace, and lake views. The kitchen is well-equipped, and the spacious dining area allows you to host large gatherings with ease. The primary suite is conveniently located on the main floor and features an ensuite bathroom, walk-in closet, and scenic lake vistas; an additional bedroom completes this level. The lower level has been thoughtfully designed with a family room, wet bar, and two further bedroom suites, each equipped with full en-suite, walk-in closets, and lake views providing privacy for guests or family. The waterfront is the perfect setting for lakeside enjoyment, featuring a swim spa, children's playground, multiple gathering spaces, generous deck areas, and a large dock so your outdoor space caters to all ages. The cottage benefits from a durable Enviroshake roof, a generator wired to power the entire home, Inexpensive Geothermal Heat, a newly constructed 2-car garage with a studio space, a loft, ample natural light from floor-to-ceiling windows, plus separate septic systems. A paved driveway adds to the convenience, plus there is more than 7 acres of land to explore and enjoy. Additionally, the property is sold turn-key with most furnishings, allowing for immediate enjoyment.
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Property Summary
This detached home located at 1118 North Drive, Muskoka Lakes is currently for sale and has been available on SousaSells for 333 days. This property is listed at $3,289,000 with an estimated mortgage of $10,948* per month. It has 4 beds, 4 bathrooms, and is 1100-1500 square feet. 1118 North Drive, Muskoka Lakes is in the Medora neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Medora, Muskoka Lakes.
- •4 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •1100-1500 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
- Waterfront
Interior Features
- ERV/HRV
- Primary Bedroom - Main Floor
- Water Heater Owned
- Generator - Full
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1118 North Drive, Muskoka Lakes, ON
Q.What is the asking price for 1118 North Drive, Muskoka Lakes, ON ?
The current listing price for 1118 North Drive, Muskoka Lakes, ON in Medora, Muskoka Lakes is $3,289,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 4 bathrooms across approximately 1100-1500 sqft.
Q.What property type and architectural style is 1118 North Drive, Muskoka Lakes, ON ?
1118 North Drive, Muskoka Lakes, ON is a Detached (Bungalow) featuring a Finished with Walk-Out basement.
Q.What key property features does 1118 North Drive, Muskoka Lakes, ON offer?
Key property features include: Waterfront.
Q.What interior features are included in this home?
Interior highlights include: ERV/HRV, Primary Bedroom - Main Floor, Water Heater Owned, Generator - Full.
Q.Is parking available at this property?
Yes, this property offers parking space for 10.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Ground Source and cooling via Central Air.
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Pricing & Value Insights
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About Purchasing a Home in Muskoka Lakes, ON
For a property listed at $3,289,000 in Muskoka Lakes, the legal minimum down payment is $657,800 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 $68,700 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 $68,700.
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