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838 Lost Channel Shore, Georgian Bay, ON L0K 2C0

3 beds · 1 bath · 1 kitchen · 4+1 rooms · 5 parking spaces · 1100-1500 sq ft · Detached
$649,000
Property tax
$2,144 / year

This spectacular Muskoka cottage, nestled on the Severn River in the coveted Lost Channel, has been cherished by the same owner for 46 years and is now, with great reluctance, being offered for sale. Custom-built and thoughtfully designed, this magnificent open-concept retreat features soaring vaulted ceilings and stunning old-growth Sitka spruce beams that create a warm yet dramatic living space. The cottage offers complete privacy and an unparalleled wilderness setting, while still providing all the comforts of home, including three bedrooms, a four-piece bathroom, and an extraordinary great room with breathtaking 360-degree panoramic views of towering pines and the crystal-blue waters of the Severn River. A full perimeter, poured concrete foundation has approximately 500 square feet of unfinished, additional living space for a total of 1750 square feet living area, perfect for a couple of additional bedrooms, a games room, etc. With nearly 200 feet of private shoreline and an entirely uninhabited Crown land shoreline directly across the river, this property delivers a rare level of seclusion and natural beauty that is increasingly difficult to find. The owner is heartbroken to part with this beloved family retreat, but age has made the decision necessary. This is truly a once-in-a-lifetime opportunity to own a piece of heaven on earth. This water-access property also includes two large, sturdy docks, an aluminum fishing boat with a working outboard motor, and private mainland parking and dockage at no cost-meaning no marina fees whatsoever. Conveniently located less than an hour north of Barrie, the cottage is just a short five-minute boat ride from the mainland, offering the perfect balance of accessibility and escape. If you've been searching for an authentic Muskoka waterfront sanctuary where privacy, nature, and timeless cottage charm come together, this exceptional property is not to be missed. *For Additional Property Details Click The Brochure Icon Below*

MLS number
X13445622
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
L0K 2C0
Photos
18
89days · 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.

Matched to a published address point for this address.

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 703 people.

$78,500Median household income
92.9%Own their home
100%Detached houses
62.4Median age
14.4%Born outside Canada
41.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440256 — the few blocks around this address, home to 703 people. It describes the area, not this property.

703Population
57.2Average age
1.8Household size
$136,000Average household income
$78,500Median household income
93%Own their home
7%Rent
0%Condominiums
14%Born outside Canada
42%University degree
$950,000Average home value
12%Low income
13%Never married
Under $5,0001%
$15,000 to $19,9992%
$20,000 to $24,9993%
$25,000 to $29,9995%
$30,000 to $34,9993%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over28%
$100,000 to $124,9995%
$125,000 to $149,9994%
$150,000 to $199,99910%
$200,000 and over10%

Percentages are of the 525 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

-$3,052.30per month out of pocket
Rent$0.00
Everything it costs to hold$3,052.30
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 ICI SOURCE REAL ASSET SERVICES INC.. Listing data provided by the Toronto Regional Real Estate Board.