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Listed 7 days ago

42 Todholm Drive Todholm Drive

Medora, Muskoka Lakes

$1,950,000

Detached|2-Storey
5 | 3 | 7
About this home

Beautiful Unique "A" shaped cottage fully renovated and located in the heart of Muskoka cross from Hanna park and beach. This property offer a large waterfront with a beautiful recently constructed dock with a 700 square feet double deck right on the water. Room for a boat to be covered and stay dry. The glass railing on the deck gives you great space for just enjoying or having a great get together. Being right in town enjoy the shopping for all your needs. The "A" shape will provide you tons and tons of sunlight. The newly renovated kitchen gives you tons of space to cook. The loft on the second floor is beautiful space that gives you scenic views of the waterfront through the "A" shaped windows. Seeing is believing. The Septic system was was replaced in August 2023. Both Septic and Double deck with dock done with City permits. Landscaping done with Muskoka Stone with a fire pit. 3000 square feet gives a large family tons of room. Short term rental can make a great investment to your portfolio. Capable of bringing a cap rate of 18 percent. At present bringing in 10 percent. This property can offer great times and be a great investment. Cap Rate of over 10 percent. Will make it nice retirement property. Force air furnace and air conditioning and Generator are 4 years old. All the furniture is included which is 6 years old. **EXTRAS** Fridge, Built in countertop electric stove, Built in oven, Built in Microwave, Built in Dishwasher, Washer and Dryer. Electrical fixtures. 24 Kwatt Generator. 6 persons Hot tub. Tesla Charger. Will get it in perfect condition as all updates will be completed as per buyer choice. Turn key.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$6,200
Lot Size212 ft x 168 ft
mls© NumberX13710672
Listed BySAVE MAX REAL ESTATE INC.

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%
$9,981
Property tax
$517
Heat allowance
$150
Housing costs
$10,648 / mo

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

Down payment20% · $390,000
25-yr amortization

Income needed

$328,000

gross annual household income

Payment at 4%
$8,206 / mo
Cash down
$390,000

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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