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Listed 22 days ago

5110 Muskoka 117 Road

Ridout, Lake of Bays

$459,000

Detached|2-Storey
2 | 2 | 12
About this home

Bring your tools, your vision and your plans for life in Muskoka! Set on a beautiful, densely wooded property close to Dorset, this two-bedroom, two-bathroom home offers privacy, room to play and an opportunity to make it your own. The home requires repairs and updating, making it an appealing project for a handy buyer or renovator looking to build equity in a peaceful setting. Tall basement ceilings provide exciting potential for additional living space, with possibilities for a future walkout or in-law accommodation, subject to applicable approvals. A double-car garage equipped with an oil furnace adds useful space for vehicles, hobbies or tackling your next project. Outside, enjoy the natural surroundings and space for family gatherings, gardening and outdoor fun. Dorset's shops, dining, Lake of Bays recreation, walking trails and iconic lookout tower add to the lifestyle appeal. For buyers ready to roll up their sleeves, this property offers the setting and potential to create something special.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age31-50
Size700-1100 sq. ft.
Property Tax$1,734
Lot Size607.63 ft x 426 ft
mls© NumberX13867724
Listed ByRE/MAX Professionals North

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,349
Property tax
$145
Heat allowance
$150
Housing costs
$2,644 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $91,800
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,932 / mo
Cash down
$91,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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