1020 Cove Road, Muskoka Lakes, ON

$899,000
MLS#:X12256459
3 beds
2 baths
1500-2000 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Watt. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $899,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 115 x 193 ft lot
  • Features a ["crawl space"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Primary Bedroom - Main Floor, Sewage Pump, Water Heater Owned
  • equipped with ["none"] central cooling and highly efficient forced air heating via propane

Looking to make Muskoka your new home or your new year round retreat? Check out this property!! Fully winterized, updated and spacious (1633 sq ft) 3 bedroom/2 bathroom home/cottage with a two bedroom bunkie. High efficiency propane furnace and woodstove; detached garage; main level laundry; drilled well; level and gently sloped lot with large landscaped front yard and rear yard for kids to play or family and friends to gather. Prime southwest exposure with big lake view; easy access via year round municipal road. All the necessary elements for maximum year round enjoyment. Other features and upgrades include inspected and approved septic system, 2 newer bathrooms, new furnace (2021), roof shingles (2017), large dock with room for multiple boats and lounging, 200 amp service, spacious eat in kitchen with large island that sits 4, open concept layout with vaulted and tongue and groove pine ceilings, full perimeter concrete block foundation (crawlspace with concrete floor) and large front and rear yards. 6 appliances included.

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 25, 2025
Sold price information is available to members only
Listed Date7/2/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionVinyl Siding
Lot Size115 × 193 Feet
CountyMuskoka
Annual Tax$3,079.1
Legal DescriptionCON 7, PT LOT 6 (WATT); RD523 PT 6 T/W DM283407;TOWNSHIP OF MUSKOKA LAKES, DISTRICT OF MUSKOKA

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeDetached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
Cooling["None"]

Features

Property Features

Beach, Lake/Pond, Level

Community Features

Location

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1020 Cove Road, Muskoka Lakes, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Watt, Muskoka Lakes.

Verified Local Data
Population6,202,225
Median Age39.6 Yrs
Ownership65% Owners
Avg Area List Price$1,521,219

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1020 Cove Road, Muskoka Lakes, ON P0B 1M0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Financial Audit

Estimated Costs

Loan Amount$719,200
Monthly Mortgage$4,179
Property Tax (Est.)$257
Utilities & Maint.$350
Total Monthly Cost$4,786

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Muskoka Lakes.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.