$1,799,000
↓ $200,000 from $1,999,000
Est. payment $7,966/moCalculate yours
1 Merlin (Island M91) Island, Muskoka Lakes, ON P1P 1R2
Wood (Muskoka Lakes), Muskoka Lakes, ON P1P 1R2
- 4 Beds
- 3 Baths
- 1,100 Sq Ft
Listing courtesy of Chestnut Park Real Estate MLS® X13552974
About this home
Private islands almost never come up for sale on Lake Muskoka. This is your shot.Tucked into Shanty Bay - one of the lake’s best-kept secrets. Solid community, epic paddling and waterskiing water, and close to town and the city - yet most boaters have never even come back this far. 1.2 acres of flat, usable land with sun from sunrise to sunset and views in every direction. Deep water on one side for diving and docking, a shallow sandy entry on the other for kids, grandparents, and dogs - this island works for every generation of your family. Same family for over 40 years, now ready for its next chapter. Septic and services are already in - a head start most vacant island lots can’t offer. The existing 4-bed, 2.5-bath cottage and bunkie w bath are fully livable right now while you plan your next move, whether that’s a renovation or eventually building new. This is the kind of island that inspired Sterling Point - no script required to live it. Paddle it, ski it, fish it.
Property details
Overview
- Property Type
- Detached
- Style
- 1 1/2 Storey
- For
- For Sale
- Status
- Price Change
- Approximate Age
- 31-50
- Size
- 1,100 sqft
Interior
- Bedrooms
- 4
- Bathrooms
- 3
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- None
- Exterior
- Wood
- Foundation
- Piers
- Roof
- Cedar
- Water
- Other
- Sewer
- Septic
Lot & Parking
- Parking
- None garage
- Zoning
- WR3-7 / WR3-7R
Financial
- Property Taxes
- $10,937 (2026)
Location
- Neighbourhood
- Wood (Muskoka Lakes)
- Cross Street
- Highway 169/Villas Marina
- Direction Faces
- South
Listing
- MLS® Number
- X13552974
- Days on Market
- 101
- Listed On
- 2026-07-09
- Listed By
- Chestnut Park Real Estate
Features
Interior
- Primary Bedroom - Main Floor
- Water Heater Owned
Property
- Marina
- Lake/Pond
- Waterfront
- Island
Pool
- None
- Excluded
- Personal Items and furniture at seller's discretion
Mortgage calculator
Estimated mortgage payment
$7,966 per month
- Principal and interest
- $7,966
- Property tax
- $911
- Condo fees
- $0
- Estimated monthly cost
- $8,877
Your mortgage
- Mortgage amount
- $1,439,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $950,475
Cash to close
- Down payment
- $359,800
- Land transfer tax
- $32,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $392,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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