Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Watt. Expertly crafted featuring premium board & batten construction, this residence presents an exceptional opportunity offered at $949,000 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.
Waterfront cottage on Three Mile Lake offering over 2,500 sq. ft. of finished living space, with 4 bedrooms and 2 full bathrooms. The upper-level living room captures panoramic lake views, while the walkout lower level provides additional space for family gatherings and entertaining. The well-equipped kitchen, forced-air heating, and security system add to the property's year-round comfort and functionality.Outside, the property features a circular driveway, firepit area, and a new dock, with easy access to the shoreline for swimming, boating, fishing, and enjoying life on the lake. Situated on a municipally maintained road, the cottage offers convenient year-round access.This fully winterized cottage has been meticulously maintained by its current owners, with significant infrastructure improvements completed over the years, including a new well (2026), along with updates to the septic system, front windows, and dock. With solid fundamentals and generous living space, the property is well suited for buyers looking to personalize the interior while benefiting from a well-cared-for waterfront home.Adding to its character, the original cottage was constructed as a classic Panabode. Prior to the current owners purchasing the property in 1990, the previous owner completed a substantial two-storey lakeside addition, expanding the home and creating the spacious lake-facing living areas enjoyed today. This thoughtful evolution blends the timeless appeal of the original Panabode with the functionality and space expected in a modern family cottage.A well-maintained waterfront property offering sunset exposure, ample finished living space, quality infrastructure, and a unique history on one of Muskoka's most beautiful lakes. Fun fact: Three Mile Lake is known for excellent fishing, with walleye (pickerel), smallmouth and largemouth bass, and yellow perch. It's also a popular destination for ice fishing in the winter.
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This detached home located at 1158 Shea Road, Muskoka Lakes is currently for sale and has been available on SousaSells for 58 days. This property is listed at $949,000 with an estimated mortgage of $3,159* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 1158 Shea Road, Muskoka Lakes is in the Watt neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Watt, Muskoka Lakes.
Growing families needing multi-bedroom flexibility and space in Watt, Muskoka Lakes.
None listed
The current listing price for 1158 Shea Road, Unit 17, Muskoka Lakes, ON in Watt, Muskoka Lakes is $949,000.
This property features 4 bedrooms and 2 bathrooms across approximately 1100-1500 sqft.
1158 Shea Road, Unit 17, Muskoka Lakes, ON is a Detached (Bungalow) featuring a Finished with Walk-Out, Full basement.
Key property features include: Lake Access, Lake/Pond, Marina, Sloping, Waterfront, Wooded/Treed.
Interior highlights include: Bar Fridge, Primary Bedroom - Main Floor, Propane Tank, Storage, Sump Pump, Water Heater, Water Treatment.
Security features include: Alarm System.
Yes, this property offers parking space for 6.0 vehicles (None).
Heating is provided via Electric and cooling via Central Air.
Watt, Muskoka Lakes
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 1158 Shea Road 17, Muskoka Lakes, ON P0B 1M0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Muskoka Lakes.
About Purchasing a Home in Muskoka Lakes, ON
For a property listed at $949,000 in Muskoka Lakes, the legal minimum down payment is $69,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $15,455 for this transaction. As this listing is in Muskoka Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $15,455.
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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.
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