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Listed 2 months ago

1 ONAWAY ISLAND R21 N/A

Medora, Muskoka Lakes

$10,495,000

Detached|Bungalow
4 | 3 | 0
About this home

Welcome to Onaway Island. This extraordinary property, a true crown jewel in the heart of Muskoka, offers a one-of-a-kind lifestyle, blending the warmth and character of a classic Canadian lodge with the timeless charm of Americana. Set on over 2 acres of a private island with an impressive 1320 feet of frontage, this offering is truly unmatched in its beauty, privacy, and classic elegance. The 4-bedroom cottage, boasting breathtaking views from every room and porch, is a masterpiece of design, where bark-stripped columnsand exposed rafter tails exude a character unrivalled in today's construction. A hand-built custom fireplace, a beautiful Muskoka room,and a separate master wing with a private ensuite provide an idyllic retreat. Outside, the island's natural beauty shines with sunrise-to-sunset views, dotted with picturesque islands. The oversized 3-slip boathouse, complete with second-story living accommodations,extensive docking, and even a helipad landing, adds another layer of luxury to this exceptional property. A bocce ball court on thewesterly side, a trail winding around the island, swim coves, and jumping rocks offer endless opportunities for recreation and relaxation.Offered turnkey, this property is ready for you to step into a life of unparalleled luxury and tranquility on your own private island inMuskoka.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age16-30
Size3500-5000 sq. ft.
Property Tax$19,972
Lot Size1320 ft x 380 ft
mls© NumberX13493762
Listed ByChestnut Park Real Estate

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%
$53,718
Property tax
$1,664
Heat allowance
$150
Housing costs
$55,532 / mo

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

Down payment20% · $2,099,000
25-yr amortization

Income needed

$1,709,000

gross annual household income

Payment at 4%
$44,165 / mo
Cash down
$2,099,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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