Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

3016 118 Highway, Bracebridge, ON P1L 1X1

2 beds · 1 bath · 1 kitchen · 7+1 rooms · 112 parking spaces · 1100-1500 sq ft · Detached
$599,000
Property tax
$2,056 / year

Welcome to 3016 Highway 118, a charming bungalow set on just over 2 acres of beautifully treed land, offering the perfect balance of privacy, comfort, and country living. Located only 20 minutes from the heart of Bracebridge and with easy access to Highway 11, this peaceful property is surrounded by mature trees and abundant wildlife, creating a truly relaxing Muskoka setting.This well maintained 2 bedroom, 1 bathroom home features a bright open concept layout with large windows that fill the space with natural light. The living room offers warm hardwood floors, while the spacious kitchen and dining area provide plenty of room for entertaining family and friends. The bathroom includes a large soaking tub and separate walk in shower for added comfort.One of the standout features of this home is the incredibly spacious and versatile mudroom. Currently used as a laundry area, this space offers endless potential and could easily become a beautiful sitting room, reading nook, or cozy lounge overlooking the private backyard. With plumbing still in place from a former dog wash station, there is also potential for a future second bathroom.The unfinished basement offers high ceilings and plenty of opportunity to create additional living space to suit your needs. Recent updates include a propane forced air furnace and roof shingles completed in 2021. Outside, enjoy the circular driveway with two entrances, ample parking, a detached insulated and heated double garage with steel roof, and a spacious back deck perfect for enjoying morning coffee or evenings around the fire pit while taking in the peaceful surroundings. If you have been searching for a private country property with room to grow and make your own, this lovely bungalow is one you will not want to miss.

MLS number
X13082550
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
P1L 1X1
Photos
43
Laundry
Not in the unit
133days · 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

No previous listings found for this address.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Detached houses in Bracebridge374 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$596k$670k$743k20252026this home’s asking price
$740klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d26d52d20252026
28dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in bracebridge. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 922 people.

$79,500Median household income
95.9%Own their home
100%Detached houses
51.6Median age
6.6%Born outside Canada
14.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440241 — the few blocks around this address, home to 922 people. It describes the area, not this property.

922Population
47.2Average age
2.4Household size
$100,400Average household income
$79,500Median household income
96%Own their home
4%Rent
0%Condominiums
7%Born outside Canada
14%University degree
$574,000Average home value
8%Low income
54%Not in the labour force
19%Never married
$15,000 to $19,9991%
$20,000 to $24,9992%
$25,000 to $29,9991%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9992%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9998%
$70,000 to $79,9999%
$80,000 to $89,9995%
$90,000 to $99,9994%
$100,000 and over27%
$100,000 to $124,99910%
$125,000 to $149,9996%
$150,000 to $199,9997%
$200,000 and over5%

Percentages are of the 515 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.

$119,800 · minimum here is $34,900
$2,652.24per month
Borrowed before insurance$479,200
Total borrowed$479,200
Interest over 25 years at 4.5%$316,473

If you rented it out

-$2,823.58per month out of pocket
Rent$0.00
Everything it costs to hold$2,823.58
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 Coldwell Banker The Real Estate Centre. Listing data provided by the Toronto Regional Real Estate Board.