1054 Cove Rd 8
Muskoka Lakes, P0B 1M0
FOR SALE
$995,000
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3
BEDROOMS1
BATHROOMS1
KITCHENS4 + 1
ROOMSX8272830
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Property Description
Come and enjoy life on Three Mile Lake (one of the larger lakes in the Muskoka region). The cottage itself boasts three bedrooms and one bathroom, exuding rustic charm and modern comfort throughout. Southwest exposure provides for fabulous lake views and stunning sunsets. Step inside to discover an inviting open-concept layout, where the kitchen seamlessly flows into the spacious living room adorned with cathedral ceilings and illuminated by the warm glow of a wood stove. Prepare gourmet meals in the stylish kitchen, featuring quartz countertops and rustic knotty Alder cabinetry imported from Manitoba - a perfect blend of elegance and functionality. Enjoy casual dining or entertaining in the Muskoka room, or step outside to the large cedar deck and lakeside bistro patio, where al fresco dining takes on a whole new meaning. Explore the great outdoors with your own private natural sandy beach, 208' of shoreline, and over 50 feet of floating dock, perfect for launching your kayak or casting a line into the pristine waters teeming with fish. Nearby hiking, biking, and ATV trails offer endless opportunities for adventure, while world-class golf courses beckon enthusiasts to tee off amidst breathtaking scenery. Conveniently located just 20 minutes from Rosseau and Port Carling, this hidden Muskoka gem offers the perfect balance of seclusion and accessibility. Don't miss your chance to own a piece of paradise, schedule your private viewing today and make your Muskoka dreams a reality! Quick closing available so you can enjoy this beautiful cottage all summer long :)
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Extras
Drilled well to ensure good water supply. Owned Shore Rd Allowance. *1054 Cove Rd Unit #10 (next door) has a right of way to cross over the subject properties driveway to access their cottage.
Property Features
Beach, Clear View, Golf, Lake Access, Waterfront
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Property Details
Street
City
Property Type
Detached, Bungalow
Lot Size
206' x 591'
Acreage
.50-1.99
Fronting
South
Taxes
$2,293 (2023)
Basement
Half, Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Central Air
Water
Well
Parking Spaces
6
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 8.69' x 13.78' | |
| Living | Main | 14.76' x 13.78' | |
| Prim Bdrm | Main | 8.30' x 10.04' | |
| 2nd Br | Main | 11.35' x 7.35' | |
| 3rd Br | Main | 11.35' x 7.64' | |
| Sunroom | Main | 9.25' x 13.19' |
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Muskoka Lakes Market Statistics
Muskoka Lakes Price Trend
1054 Cove Rd 8 is a 3-bedroom 1-bathroom home listed for sale at $995,000, which is $4,560,000 (82.1%) lower than the average sold price of $5,555,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Muskoka Lakes increased by $4,440,000 (398.2%) compared to the previous 30 day period (March 15 - April 13) and up $4,603,500 (483.8%) from the same time one year ago.Inventory Change
There were 9 3-bedroom homes listed in Muskoka Lakes over the last 30 days (April 14 - May 13), which is up 125.0% compared with the previous 30 day period (March 15 - April 13) and up 12.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Muskoka Lakes typically sold ($179,950) (3.2%) below asking price over the last 30 days (April 14 - May 13), which represents a $137,500 decrease compared to the previous 30 day period (March 15 - April 13) and $39,550 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Muskoka Lakes over the last 30 days (April 14 - May 13) stood at 22.2%, down from 100.0% over the previous 30 days (March 15 - April 13) and down from 25.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Muskoka Lakes stood at 17 days when successfully sold over the last 30 days (April 14 - May 13), compared to 17 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Real Estate Centre Inc.
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