1134 ISLAND PARK Road, Muskoka Lakes, ON

$4,395,000
MLS#:X10895307
3 beds
2 baths
1500-2000 sqft
10.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 13, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Medora. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $4,395,000 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 1500-2000 sqft
  • 10.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Sewage Pump, Bar Fridge, Water Heater Owned
  • equipped with other central cooling and highly efficient baseboard heating via electric

Description

Wonderful expansive sunset view from this one-of-a-kind family compound Cottage property on coveted lower Lake Rosseau. Atop the 3 slip boathouse enjoy an entertainment size sundeck for large family gatherings off of the spacious Muskoka room. Below, good size boat and seadoo slips with 4 lifts and 5 attractive automatic glass doors. For more toys, an extra outside slip and multiple oversized sun docks with deep water swimming. Attached at the waters edge sits the beachy open concept 3 bedroom, 3 bath lakeside renovated Main Cottage. For cool nights, inside a wood burning stone fireplace and outside, attractive granite walkways leading to a private waterside fire pit area. As an added bonus, the upper 2 bdrm. fully self contained oversized guest Cottage will accommodate extended family or friends. New 2 car garage features a glass door, bathroom on the main floor and private balcony overlooking the lake with ample storage above. Room for a Pickle Ball Court and second garage with storage if needed. Lots of parking on this property and this entire unique, fully furnished package is walking distance to Port Carling for all of the amenities.

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Property Summary

This detached home located at 1134 ISLAND PARK Road, Muskoka Lakes is currently for sale and has been available on SousaSells for 733 days. This property is listed at $4,395,000 with an estimated mortgage of $14,629* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 1134 ISLAND PARK Road, 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
  • 1500-2000 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
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date7/31/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionWood
BasementNone
CountyMuskoka
Annual Tax$5,423.42
Legal DescriptionPART LOT 13 PLAN 7 MEDORA; PART LANE PLAN 7 MEDORA BETWEEN LOTS 13 & 14 PLAN 7 MEDORA CLOSED BY DM26669 AS IN DM335416; T/W & S/T DM335416; TOGETHER WITH AN EASEMENT OVER PART 1 PLAN 35R-26614 AS IN MT285452; TOWNSHIP OF MUSKOKA LAKES

Parking & Garage

Parking Total10.0
Parking Space8
Garage TypeDetached

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingOther

Features

Property Features

  • Golf

Interior Features

  • Sewage Pump
  • Bar Fridge
  • Water Heater Owned

Security Features

  • Smoke Detector

Community Features

None listed

Frequently Asked Questions about 1134 ISLAND PARK Road, Muskoka Lakes, ON

Q.What is the asking price for 1134 ISLAND PARK Road, Muskoka Lakes, ON ?

The current listing price for 1134 ISLAND PARK Road, Muskoka Lakes, ON in Medora, Muskoka Lakes is $4,395,000.

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

This property features 3 bedrooms and 2 bathrooms across approximately 1500-2000 sqft.

Q.What property type and architectural style is 1134 ISLAND PARK Road, Muskoka Lakes, ON ?

1134 ISLAND PARK Road, Muskoka Lakes, ON is a Detached (2-Storey) featuring a None basement.

Q.What key property features does 1134 ISLAND PARK Road, Muskoka Lakes, ON offer?

Key property features include: Golf.

Q.What interior features are included in this home?

Interior highlights include: Sewage Pump, Bar Fridge, Water Heater Owned.

Q.What security features are installed at 1134 ISLAND PARK Road, Muskoka Lakes, ON ?

Security features include: Smoke Detector.

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 Electric and cooling via Other.

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1134 ISLAND PARK Road, 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 1134 ISLAND PARK Road 4/4A, Muskoka Lakes, ON P0B 1J0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$1,318,500 (30.0%)
* Minimum Canadian down payment required for this price is $879,000.
Amortization Period30 Years
Estimated Monthly Payment$14,629Based on a loan of $3,076,500 over 30 years.
Purchase Price$4,395,000
Loan Amount$3,076,500
Provincial Land Transfer Tax:$96,350
Total Estimated Closing Taxes:$96,350

About Purchasing a Home in Muskoka Lakes, ON

For a property listed at $4,395,000 in Muskoka Lakes, the legal minimum down payment is $879,000 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 $96,350 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 $96,350.

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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.

$4,395,000 - 1134 ISLAND PARK Rd, Muskoka Lakes | MLS® X10895307