1378 THREE MILE LAKE Road 3, Muskoka Lakes

$849,000
1378 THREE MILE LAKE Road 3

$849,000

New
29d
Detached2-Storey

1378 THREE MILE LAKE Road 3, Muskoka Lakes

Total Monthly Obligation $4,072

Beds
5
Baths
3
Park
5
Sqft
2000-2500
DOM
29d
Score
17
Yield
3.7%
Cash on Cash
-7.0%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.3%
Property Type-Detached
MLS® Number-X13828088
Beds-5
Bathrooms-3
Size-2000-2500 sqft
Lot Size-100 × 190 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$3,266.44 (2025)
Parking-7 - Detached
Basement-Finished with Walk-Out, Full
Heating-Forced Air (Oil)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Freestanding, Living Room, Wood Stove, Family Room
Pool-None
Facing-North
Exterior-Wood , Board & Batten
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Watt
Title-Residential Freehold

No agent assigned

SUPREME VALUE ON THREE MILE LAKE - AN EXCEPTIONAL MUSKOKA WATERFRONT OPPORTUNITY. Wake to quiet mornings on Three Mile Lake as the sun dances across the water. In the evening, retreat to the Muskoka Room and watch the sun set over Hammell's Bay from the spectacular west-facing vantage point. Set on beautiful shoreline, this custom-built 5-bedroom, 3-bathroom home offers a coveted Muskoka setting. The waterfront suits every generation, with a gentle shallow entry for children and deeper water off the dock for swimming, boating and summer days on the lake.Inside, bright, welcoming spaces are designed for relaxed cottage living and comfortable year-round use. Open-concept living areas showcase water views from nearly every window, while the five-bedroom layout provides ample room for family, guests and extended stays.The full walk-out lower level features a self-contained suite with its own kitchen, living area and bathroom-ideal for extended family, private guests or potential income use.Multi-level decks invite outdoor dining and entertaining, while the fire pit sets the scene for evenings under the stars. The oversized two-car garage/workshop and generous parking add everyday convenience. Located on a year-round road with easy access to Bracebridge, Huntsville and Windermere, this property offers the rare combination of a peaceful cottage escape and a comfortable full-time home. A family residence. A legacy cottage. An investment opportunity. Boating, swimming, fishing and sunset evenings on the water-this is Three Mile Lake living at its finest. VALUE PLUS PLUS Call for your private viewing.

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%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$4,072/mo
Mortgage $3,425
Monthly Loss $3,171
Principal$901
Interest$2,523
Property Tax$272
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.1%1
5-Year IRR
6.9%18
10-Year IRR
8.1%
Returns Index
10.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,800/yr
NOI
$20,854/yr
Net Cash Flow
-$1,687/mo
Cash Margin
-63.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1378 THREE MILE LAKE Road 3

Time

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