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1869 MUSKOKA DISTRICT ROAD 118 WEST 4, Muskoka Lakes, ON P1L 1W8

2 beds · 2 baths · 2 kitchens · 9 rooms · 2 parking spaces · 800-899 sq ft · Condo Apartment
$649,000
Maintenance fee
$1,253 / month
Property tax
$5,277 / year
Included in the fee
Unknown

Embrace lakeside luxury and investment potential on beautiful Lake Muskoka. This income-generating property at Touchstone Resort, just minutes from Bracebridge and a short drive from the GTA, offers the perfect blend of lifestyle and smart investment. Enjoy the Muskoka lifestyle while leveraging the benefits of a turnkey, fully furnished property that can help offset your costs. This spacious suite features two bedrooms and two full bathrooms with a desirable lock-off floor plan, giving you the flexibility to use one side for personal enjoyment while renting out the other for short-term rental income. Designed for comfort and function, its an ideal vacation property, family retreat, or investment condo. Touchstone Resort provides an outstanding array of amenities including a private beach on Lake Muskoka, an infinity pool and hot tub overlooking the water, expansive docks, tennis courts, scenic hiking trails, a full-service spa, and a gourmet on-site restaurant. Back at your suite, you'll appreciate the fully equipped modern kitchen and oversized balcony with panoramic lake views, perfect for entertaining or relaxing. Whether you're searching for a Muskoka getaway, a profitable vacation rental, or a mix of both, this property delivers. Rarely offered and highly sought-after, its an exceptional opportunity for families, couples, or investors. Extras: Unit must participate in the resort-managed rental pool for 8 weeks annually, including 2 weeks between Victoria Day and September 30.

MLS number
X12393802
Type
Condo Apartment
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
P1L 1W8
Photos
31
Included in the fee
Unknown
367days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 994 people.

$92,000Median household income
81.8%Own their home
87.7%Detached houses
56.8Median age
7%Born outside Canada
18%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440213 — the few blocks around this address, home to 994 people. It describes the area, not this property.

994Population
52.3Average age
2.3Household size
$104,000Average household income
$92,000Median household income
82%Own their home
18%Rent
0%Condominiums
7%Born outside Canada
18%University degree
$616,000Average home value
4%Low income
78%Not in the labour force
20%Never married
$20,000 to $24,9992%
$25,000 to $29,9993%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9997%
$90,000 to $99,9993%
$100,000 and over31%
$100,000 to $124,99911%
$125,000 to $149,9999%
$150,000 to $199,9996%
$200,000 and over5%

Percentages are of the 590 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$129,800 · minimum here is $39,900
$2,873.63per month
Borrowed before insurance$519,200
Total borrowed$519,200
Interest over 25 years at 4.5%$342,889

If you rented it out

-$4,566.38per month out of pocket
Rent$0.00
Everything it costs to hold$4,566.38
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CHESTNUT PARK REAL ESTATE LIMITED. Listing data provided by the Toronto Regional Real Estate Board.