$1,999,000
Est. payment $8,851/moCalculate yours
1521 Old Hwy 117, Lake of Bays, ON P0B 1A0
Franklin, Lake of Bays, ON P0B 1A0
- 2 Beds
- 1 Baths
- 700 Sq Ft
Listing courtesy of Royal LePage Lakes Of Muskoka Realty MLS® X13830728
About this home
An extraordinary two-storey boathouse unlike anything else on Lake of Bays. Approximately 2,200 sq. ft., it features multiple dormers, skylights, balconies, a spacious entertainment deck, upper and lower multipurpose rooms, two boat slips with electric hoists and even a washroom. The true showpiece is the natural stream that flows through the boathouse, passing through two sections of the building connected by a distinctive arched footbridge before continuing to the lake. A remarkable combination of architecture, nature and waterfront living. The property comprises of three parcels totaling approximately 2.16 acres with 265 feet of Lake of Bays shoreline. Abundant table land and a gently sloping building site create an ideal setting for a luxury cottage or year-round home. A demolition permit is already in place for the existing two-bedroom cottage, providing a valuable head start for a new build. Enjoy wide-open big-lake views toward Bigwin Island, all-day sunshine and spectacular western sunset exposure, along with excellent privacy. Access is straightforward, with a private meandering driveway leading directly from Muskoka Highway 117, a year-round municipally maintained road. The driveway winds through mature forest, past the property’s distinctive weathered lions and alongside a gentle bubbling stream before opening onto the waterfront. This prime location offers an important advantage: easy highway access and a shorter commute to the city, making it an especially appealing choice for a luxury cottage or year-round home. Close to championship golf, downhill and cross-country skiing, hiking, biking, boating and the charming communities of Muskoka, this is a remarkable opportunity to build your dream on Lake of Bays while keeping the GTA within convenient reach.
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- New
- Approximate Age
- 51-99
- Size
- 700 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Other (Other)
- Cooling
- None
- Exterior
- Wood
- Foundation
- Piers
- Roof
- Metal
- Water
- Other
- Sewer
- Septic
Lot & Parking
- Lot Size
- 265 x 831 Feet
- Parking
- None garage · 8 total
- Zoning
- Waterfront Service Commercial
Financial
- Property Taxes
- $7,792 (2026)
Location
- Neighbourhood
- Franklin
- Cross Street
- Hwy 117 and Old Hwy 117
- Direction Faces
- West
Listing
- MLS® Number
- X13830728
- Days on Market
- 23
- Listed On
- 2026-09-25
- Possession
- Flexible
- Listed By
- Royal LePage Lakes Of Muskoka Realty
Features
Interior
- Primary Bedroom - Main Floor
Pool
- None
Mortgage calculator
Estimated mortgage payment
$8,851 per month
- Principal and interest
- $8,851
- Property tax
- $649
- Condo fees
- $0
- Estimated monthly cost
- $9,501
Your mortgage
- Mortgage amount
- $1,599,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,056,142
Cash to close
- Down payment
- $399,800
- Land transfer tax
- $36,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $436,255
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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