1035 Cherokee Cres is a 3-bedroom, 2-bathroom detached home in Muskoka Lakes, listed for $2,750,000. It has 700-1100 sq ft of living space.
1Set along the coveted west-facing shoreline, this beautifully renovated, turnkey cottage features a hard-packed sandy beach, perfect for swimming and waterfront fun for all ages.
2Above, an expansive entertaining deck creates a seamless connection to the main cottage and outdoor living spaces.
3This is authentic Muskoka cottage living at its finest!
Discover an exceptional Lake Rosseau offering where privacy, spectacular sunsets, and timeless Muskoka living come together. Set along the coveted west-facing shoreline, this beautifully renovated, turnkey cottage features a hard-packed sandy beach, perfect for swimming and waterfront fun for all ages. Located within the tight-knit Royal Muskoka Island community, owners enjoy access to community tennis courts and shared open space while maintaining wonderful privacy.What truly sets this property apart are its two remarkable grandfathered waterfront footprints. The main cottage sits exceptionally close to the shoreline, offering an intimate connection to the lake that would be difficult to recreate under today's building regulations. Thoughtfully renovated with a beautiful new kitchen, updated bathrooms, new roof and windows, the cottage offers two distinct living areas, providing generous space for family and guests to relax, entertain, and enjoy their own activities.The oversized grandfathered boathouse is a true showstopper! Its substantial waterfront footprint is an increasingly rare feature, complete with a charming water's-edge guest suite and private bathroom. Above, an expansive entertaining deck creates a seamless connection to the main cottage and outdoor living spaces. Imagine afternoons on the water, lively summer gatherings, and unforgettable sunset dinners overlooking Lake Rosseau.With four-season road access, exceptional privacy, extensive renovations, and a family-friendly sandy shoreline, this property is ready to enjoy from the moment you arrive.A rare combination of grandfathered waterfront structures, modern comforts, and outstanding western exposure. This is authentic Muskoka cottage living at its finest!
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $3,929 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1035 Cherokee Cres
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
8 spaces
Basement
Finished, Finished with Walk-Out
Features & systems
Parking & garage
Parking spaces
8
Interior
Basement
Finished · Finished with Walk-Out
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
1035 Cherokee Cres Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14178424$2,750,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1035 Cherokee Cres Compares to the Muskoka Lakes Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$13,510
/mo
based on the purchase price of $2,750,000
$550,000 cash
$2,200,000 financed
$1,852,977 total interest
Principal54%$2,200,000
Interest46%$1,852,977
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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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 3–4 bed homes for sale in Muskoka Lakes around $2.8M.
Average days on market50Homes sold in about 50 days on average.
Sale-to-list ratio93.8%On average, homes sold below asking.
Active listings177Homes for sale here right now.
Median vs prior 90 days+39.8%Compared with May 17 – Aug 15, 2026: prices up.
Based on 120 sales from Aug 15 – Nov 13, 2026 (80 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1035 Cherokee Cres
How much is 1035 Cherokee Cres listed for?
1035 Cherokee Cres is listed at $2,750,000 (MLS® X14178424). Summitly updates the price as soon as the MLS® record changes.
Is $2,750,000 a good price for 1035 Cherokee Cres?
Summitly rates it Well Above Market: the asking price is 15% or more above 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 1035 Cherokee Cres changed?
No — 1035 Cherokee Cres is still listed at its original asking price of $2,750,000.
How many bedrooms and bathrooms does 1035 Cherokee Cres have?
1035 Cherokee Cres has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Muskoka Lakes.
How much would the monthly mortgage be on 1035 Cherokee Cres?
About $13,510 a month — principal and interest on $2,750,000 with 20% down ($550,000), 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 1035 Cherokee Cres compare with other homes in Muskoka Lakes?
Its asking price of $2,750,000 is about 131% above the median sold price in Muskoka Lakes over the last 90 days, $1,188,000, across 120 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 1035 Cherokee Cres been sold before?
Summitly has no earlier MLS® sale or lease of 1035 Cherokee Cres on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1035 Cherokee Cres?
1035 Cherokee Cres is in Muskoka Lakes, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1035 Cherokee Cres been on the market?
1 day — 1035 Cherokee Cres was listed on November 12, 2026.
What is the price per square foot of 1035 Cherokee Cres?
About $2,500 to $3,929 per square foot: the asking price of $2,750,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 1035 Cherokee Cres have parking or a garage?
Yes — the listing gives 8 parking spaces.
Does 1035 Cherokee Cres have a basement, and is it finished?
The listing describes the basement as: Finished, Finished with Walk-Out.
