RENOVATED 5-Bedroom home with over sized detached garage in torrance. Ideally situated on a level corner lot in Torrance, this value-packed property offers a recently renovated 5-bedroom, 2-bath home with plenty of space, practical updates, and an exceptional detached garage.The home has been freshly painted throughout and features a spacious open-concept main level with a large living room, dining area, and kitchen, creating an inviting space for entertaining and family gatherings. A propane fireplace adds warmth and character to the living area. There is a walkout patio door leading to a fenced concrete patio. The lower level offers even more living space with a large family room featuring a second propane fireplace, two bedrooms, a laundry room. A standout feature of this property is the impressive 26' x 26' -storey detached garage. The over sized 10' wide x 12' high garage door provides excellent access & is equipped with an automatic opener. The garage is insulated, wired, and has its own 100-amp breaker panel, along with a large electric heater-making it ideal for a workshop, storage, recreational vehicles, or a variety of other uses.The rear of the garage includes a 7' x 25' loft storage area, with approximately 7' of height above and a spacious 9' high area below. The 25' width provides plenty of room for equipment, hobbies, storage, or workspace. Location is another major advantage. The property is within walking distance of the Torrance Community Centre & Fire Station, while nearby Sunset Park offers public access to Lake Muskoka. Drive or walk down to enjoy swimming, fishing, picnicking, spectacular sunsets, and relaxing by the water. The park also offers an easy boat launch and a large dock for temporary docking. Enjoy convenient access to the beauty and recreational opportunities of Lake Muskoka, Lake Rosseau, & Lake Joseph-without the lakefront taxes. A versatile home, an exceptional garage, and a great Torrance location make this a property worth seeing.
5 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $635 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1003 Elizabeth St
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow-Raised
Living space
1100-1500 sq ftas stated on the listing
Parking
10 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
10
Interior
Basement
Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow-Raised
Property class
Detached
1003 Elizabeth St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,434
/mo
based on the purchase price of $699,000
$139,800 cash
$559,200 financed
$470,993 total interest
Principal54%$559,200
Interest46%$470,993
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Elizabeth Street? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 1003 Elizabeth St with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 1003 Elizabeth St day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Muskoka Lakes
Other 4–6 bed homes for sale in Muskoka Lakes around $699K.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio94.3%On average, homes sold below asking.
Active listings234Homes for sale here right now.
Median vs prior 90 days+23.5%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 125 sales from Jul 24 – Oct 22, 2026 (73 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1003 Elizabeth St
How much is 1003 Elizabeth St listed for?
1003 Elizabeth St is listed at $699,000 (MLS® X13739678). Summitly updates the price as soon as the MLS® record changes.
Is $699,000 a good price for 1003 Elizabeth St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Muskoka Lakes. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1003 Elizabeth St changed?
Yes — it was first listed at $799,000 and is now $699,000, a drop of $100,000 (12.5%).
How many bedrooms and bathrooms does 1003 Elizabeth St have?
1003 Elizabeth St has 5 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Muskoka Lakes.
How much would the monthly mortgage be on 1003 Elizabeth St?
About $3,434 a month — principal and interest on $699,000 with 20% down ($139,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1003 Elizabeth St compare with other homes in Muskoka Lakes?
Its asking price of $699,000 is about 33% below the median sold price in Muskoka Lakes over the last 90 days, $1,050,000, across 125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1003 Elizabeth St been sold before?
Summitly has no earlier MLS® sale or lease of 1003 Elizabeth St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1003 Elizabeth St?
1003 Elizabeth St is in Muskoka Lakes, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1003 Elizabeth St been on the market?
49 days — 1003 Elizabeth St was listed on September 3, 2026.
What is the price per square foot of 1003 Elizabeth St?
About $466 to $635 per square foot: the asking price of $699,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 1003 Elizabeth St have parking or a garage?
Yes — the listing gives 10 parking spaces. Garage: Yes.
Does 1003 Elizabeth St have a basement, and is it finished?
