Wood (Muskoka Lakes) · P1P 1R2
$1,249,900
$833 / sq ft1 months on market
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Breathtaking southwest open-water views on Lake Muskoka! Nestled on desirable Hemlock Point between Gravenhurst and Bala-under 2 hours from the GTA-this cherished, multi-generational property offers a rare waterfront footprint. Boasting over 1,860 sq. ft. of finished living space, the unique two-storey on-water boathouse/cottage features a bright open-concept kitchen, living, and dining area overlooking the lake, with a seamless walkout to a large side deck. The main level also includes a bedroom and 4-piece bath, while the upper backsplit level hosts two spacious bedrooms, including a impressive 21' primary suite complete with a 3-piece ensuite and walk-in closet. The expansive lower deck includes two boat slips (one covered, one enclosed) with shallow and deep water entry. Additional highlights include a partial walkout basement with laundry, utility, and storage space, plus a detached 12' x 21' Bunkie/storage building. Set on a lovely 0.42-acre lot with 134' of frontage (116' straight line), this property presents an incredible redevelopment opportunity with an unmatched, grandfathered footprint. Property being sold "AS IS". Buyer encouraged to confirm with Township of Muskoka Lakes regarding any redevelopment potential.
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This home is priced in line with comparable listings — about 54% of comparable detached listings in Muskoka Lakes are asking less.
Based on 95 comparable active detached listings in Muskoka Lakes. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $1,249,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Royal LePage Lakes Of Muskoka Realty. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.