3142 Hwy 118 Rd W
Muskoka Lakes, P0B 1J0
FOR SALE
$1,195,000
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BEDROOMS3
BATHROOMS1
KITCHENS6 + 3
ROOMSX8482886
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Property Description
Do Not Miss This Once In A Lifetime Opportunity With 19.5 Acres Zoned Both Commercial And Residential. The "CIB" Commercial Zoning Allows For Multi-use Hotels, Restaurants, Workshops Etc. With 655 Feet Of Frontage On Hwy 118 West Your Commercial Portion Has Optimal Exposure. Although There Is A Portion That Is Environmentally Protected Which Protects The Natural Paradise That Muskoka Has To Offer There Is Still Plenty Of Room To Make Your Plans A Realty. Drive Up The Long Beautiful Driveway To Reach Your Private Residential Home. A R-2000 Rated Home With 4 Bedrooms And 3 Full Baths, Open Concept With Floor To Ceiling Windows, Vaulted Ceilings In The Family And A Kitchen With Island Perfect For Meal Prep While Still Spending Time With The Family. Wake Up In The Primary Bedroom With Walk Out To Deck And Experience The Picturesque Landscape. Minutes From Downtown Port Carling Known As "The Hub Of The Lakes" You Will Find Top Attractions From Boutique Shops, Dining Opportunities, Water Sports, To The Many Hiking Trails.
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Property Details
Street
City
Property Type
Detached, 2-Storey
Lot Size
655' x 1,247'
Acreage
10-24.99
Fronting
East
Taxes
$2,710 (2023)
Basement
Other
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Central Air
Water
Well
Parking Spaces
25
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | 2nd | 12.34' x 16.93' | Centre Island, Open Concept, O/Looks Family |
| Dining | 2nd | 12.76' x 16.93' | W/O To Deck, Open Concept, O/Looks Family |
| Family | 2nd | 16.17' x 25.10' | Vaulted Ceiling, W/O To Deck, Large Window |
| Prim Bdrm | 2nd | 7.35' x 7.35' | W/O To Deck, W/I Closet, 4 Pc Ensuite |
| Br | 2nd | 13.58' x 14.40' | Large Window, Double Closet, Broadloom |
| Br | 2nd | 11.09' x 14.34' | Large Window, Double Closet, Broadloom |
| Rec | Main | 23.65' x 25.10' | W/O To Yard, Broadloom, Open Concept |
| Br | Main | 12.66' x 12.99' | Closet, Above Grade Window |
| Utility | Main | 8.60' x 16.77' |
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Muskoka Lakes Market Statistics
Muskoka Lakes Price Trend
3142 Hwy 118 Rd W is a 3-bedroom 3-bathroom home listed for sale at $1,195,000, which is $3,605,000 (75.1%) lower than the average sold price of $4,800,000 in the last 30 days (September 21 - October 20). During the last 30 days the average sold price for a 3 bedroom home in Muskoka Lakes increased by $3,487,500 (265.7%) compared to the previous 30 day period (August 22 - September 20) and up $3,408,750 (245.0%) from the same time one year ago.Inventory Change
There were 5 3-bedroom homes listed in Muskoka Lakes over the last 30 days (September 21 - October 20), which is down 28.6% compared with the previous 30 day period (August 22 - September 20) and up 66.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Muskoka Lakes typically sold ($195,000) (4.1%) below asking price over the last 30 days (September 21 - October 20), which represents a $163,500 decrease compared to the previous 30 day period (August 22 - September 20) and ($14,999) 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 (September 21 - October 20) stood at 20.0%, down from 57.1% over the previous 30 days (August 22 - September 20) and down from 133.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Muskoka Lakes stood at 208 days when successfully sold over the last 30 days (September 21 - October 20), compared to 103 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realty Enterprises Inc.
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