Homula Realty Brokerage
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1346 Wahta #2 Road S, Georgian Bay, ON P0C 1A0

3 beds · 2 baths · 1 kitchen · 11 rooms · 6 parking spaces · 1100-1500 sq ft · Detached
$649,000

Welcome to your own private bay in Muskoka. Set on over an acre with 300+ ft of spectacular southwest-facing shoreline, this three season lakeside cottage offers a beautiful blend of muskoka rock and a sandy waterfront, all-day sun, and exceptional privacy just steps from the water's edge. Filled with natural light from multiple skylights and a wall of sliding glass doors leading to a wrap around deck, the fully furnished 3-bedroom, 2-bath retreat is truly one of a kind. It features airy open-concept living, a classic Muskoka sunroom, wood-burning stove, potable water and filtration system, multiple decks and breathtaking lake views from every angle. Enjoy swimming, boating, fishing, and unforgettable sunsets from the dock or lounge spaces surrounding the property. Located on leased land, this is a rare opportunity to embrace the cottage lifestyle at a fraction of the cost, with one annual lease fee / no municipal taxes. Additional outbuildings offer incredible flexibility for a studio, workshop, bunkie, or added toy storage. There is even a third floor attic space that offers lots of potential. Located just 2 hours from Toronto and 15 minutes to beautiful Bala for all your amenities, the Bala falls, restaurants, markets, wineries, and the well known music venue, the Kee. Annual road maintenance fee $500. Survey available. Life is short! Start making unforgettable cottage memories with family and friends this summer. See you on the lake!

MLS number
X13127004
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
P0C 1A0
Photos
33
Laundry
Not in the unit
122days · 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.

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

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 672 people.

$83,000Median household income
85.9%Own their home
100%Detached houses
59.6Median age
9.4%Born outside Canada
29.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440221 — the few blocks around this address, home to 672 people. It describes the area, not this property.

672Population
52.9Average age
2Household size
$119,000Average household income
$83,000Median household income
86%Own their home
14%Rent
0%Condominiums
9%Born outside Canada
30%University degree
$1,210,000Average home value
14%Low income
82%Not in the labour force
19%Never married
$15,000 to $19,9991%
$20,000 to $24,9993%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9991%
$50,000 to $59,9997%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over29%
$100,000 to $124,9998%
$125,000 to $149,9992%
$150,000 to $199,9997%
$200,000 and over12%

Percentages are of the 450 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

-$2,873.63per month out of pocket
Rent$0.00
Everything it costs to hold$2,873.63
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 ROYAL HERITAGE REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.