Homula Realty Brokerage
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1003 MATTHEWS Drive C2 7C, Muskoka Lakes, ON P0B 1P0

3 beds · 3 baths · 1 kitchen · 13 rooms · 2 parking spaces · 2000-2500 sq ft · Laundry on the main level level · Semi-Detached
$199,000

YOU NEED TO COME AND CHECK OUT THIS AFFORDABLE WAY TO ENJOY A LUXURY MUSKOKA COTTAGE LIFESTYLE - Overlooking beautiful Lake Rosseau, The Cottages at Windermere is a pet-free EQUITY fractional ownership property. Now available in Cottage #2 is a 7-week fraction which includes a PRIME JULY summer week and CHRISTMAS every year. IMAGINE having COMPLETELY CAREFREE time at the cottage where someone else looks after all of the maintenance and you just get to relax & enjoy. South-west exposure, amazing lake views & sunsets abound. Sand beach, public docking, marina amenities & golf course are also conveniently at hand. Plenty of room for family and friends - sleeps 8 with 3BRs plus den. 2,275 sq.ft. interior plus over 800 sq.ft. of outdoor space to enjoy. Property sits adjacent to the historic Windermere House lakeside resort where 5-star service at restaurants, spa and more are only steps away & now open 4 seasons. How does it work? YOU WILL ENJOY the same FOUR (4) Fixed weeks EVERY YEAR - including TWO (2) in the summertime and every CHRISTMAS too - plus there are THREE (3) additional floating weeks included with Cottage 2 Fraction 7C in every calendar year. That's SEVEN (7) WEEKS of Muskoka luxury every year. A detailed schedule of weeks and FAQ's are available upon request. Act fast and your family, friends and/or renters can start enjoying all that Muskoka has to offer - right from this prime location on Lake Rosseau shores!

MLS number
X13511332
Type
Semi-Detached
Status
Active
Bedrooms
3
Bathrooms
3
Postal code
P0B 1P0
Photos
24
Laundry
Main Level level
74days · 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 the building rather than the unit — every unit in a tower shares one coordinate.

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 577 people.

$90,000Median household income
88%Own their home
96.2%Detached houses
56Median age
8.9%Born outside Canada
17.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440217 — the few blocks around this address, home to 577 people. It describes the area, not this property.

577Population
49.6Average age
2.2Household size
$286,000Average household income
$90,000Median household income
88%Own their home
12%Rent
0%Condominiums
9%Born outside Canada
18%University degree
$1,010,000Average home value
8%Low income
79%Not in the labour force
22%Never married
$5,000 to $9,9991%
$15,000 to $19,9991%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9993%
$40,000 to $44,9991%
$45,000 to $49,9993%
$50,000 to $59,9997%
$60,000 to $69,9995%
$70,000 to $79,9994%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over32%
$100,000 to $124,9999%
$125,000 to $149,9998%
$150,000 to $199,9995%
$200,000 and over8%

Percentages are of the 370 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.

$39,800 · minimum here is $9,950
$881.13per month
Borrowed before insurance$159,200
Total borrowed$159,200
Interest over 25 years at 4.5%$105,139

If you rented it out

-$881.13per month out of pocket
Rent$0.00
Everything it costs to hold$881.13
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. Listing data provided by the Toronto Regional Real Estate Board.