1040 7th Heaven Lane is a 4-bedroom, 4-bathroom detached home in Bracebridge, listed for $3,895,000. It has 3500-5000 sq ft of living space.
1Timeless craftsmanship meets modern luxury in this meticulously curated 3,703 sq. ft.
2This exceptional 4-bedroom, 3-bath waterfront lake house has a detached two-car garage with ample space for parking, storage, and recreational equipment.
3The cottage is set on a level lot with sought-after southern exposure and an expansive 80-foot sandy beach.
Timeless craftsmanship meets modern luxury in this meticulously curated 3,703 sq. ft. True North log estate, showcasing over $1 million in sophisticated recent upgrades. This exceptional 4-bedroom, 3-bath waterfront lake house has a detached two-car garage with ample space for parking, storage, and recreational equipment. The cottage is set on a level lot with sought-after southern exposure and an expansive 80-foot sandy beach. The home is beautifully appointed with traditional upscale Muskoka-style décor, blending timeless elegance with relaxed lakeside comfort. The 4-bedroom cottage features hickory flooring, a wine room, floor to ceiling propane burning fireplace, a kitchen designed for entertainment and a private lakeside primary retreat with walk-out access to the waterfront. Upstairs, the large loft area creates an inviting family gathering space, surrounded by 3 additional bedrooms. Ideally located only minutes from the heart of Bracebridge, this property offers effortless access to charming boutiques, local restaurants, healthcare services, and everyday conveniences. Step onto your dock and explore Muskoka's celebrated Big Three Lakes, where endless boating, championship golf, waterfront dining, and some of the region's most sought-after destinations await. Outside, the professionally designed grounds are equally impressive, featuring stunning granite landscaping, multiple outdoor entertaining areas, a lakeside sauna, a hot tub, and beautifully integrated natural stone that enhances the property's timeless appeal. More than a cottage, this is a legacy property designed for effortless enjoyment. Whether it's peaceful mornings on the sandy beach, afternoons exploring the lakes, or unforgettable evenings watching the sunset over the water, this extraordinary estate offers the quintessential Lake Muskoka lifestyle-where natural beauty and refined luxury come together to create memories for generations.
4 bedrooms, 4 bathrooms, about 3,500 sq ft, works out to roughly $1,113 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1040 7th Heaven Lane
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Lot size
x 800.612 sq ft
Parking
8 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
8
Interior
Basement
None
Lot & land
Lot dimensions
x 80
Lot size (sqft)
0.612
Listing & possession
Property style
2-Storey
Property class
Detached
1040 7th Heaven Lane Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13585038$3,895,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1040 7th Heaven Lane Compares to the Bracebridge Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
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An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$19,135
/mo
based on the purchase price of $3,895,000
$779,000 cash
$3,116,000 financed
$2,624,490 total interest
Principal54%$3,116,000
Interest46%$2,624,490
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 Bracebridge
Other 3–5 bed homes for sale in Bracebridge around $3.9M.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio95.3%On average, homes sold below asking.
Active listings219Homes for sale here right now.
Median vs prior 90 days+11.0%Compared with Apr 28 – Jul 27, 2026: prices up.
Based on 153 sales from Jul 27 – Oct 25, 2026 (83 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1040 7th Heaven Lane
How much is 1040 7th Heaven Lane listed for?
1040 7th Heaven Lane is listed at $3,895,000 (MLS® X13585038). Summitly updates the price as soon as the MLS® record changes.
Is $3,895,000 a good price for 1040 7th Heaven Lane?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Bracebridge. 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 1040 7th Heaven Lane changed?
No — 1040 7th Heaven Lane is still listed at its original asking price of $3,895,000.
How many bedrooms and bathrooms does 1040 7th Heaven Lane have?
1040 7th Heaven Lane has 4 bedrooms and 4 bathrooms, with about 3,500–5,000 square feet of living space. It is a detached home in Bracebridge.
How much would the monthly mortgage be on 1040 7th Heaven Lane?
About $19,135 a month — principal and interest on $3,895,000 with 20% down ($779,000), 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 1040 7th Heaven Lane compare with other homes in Bracebridge?
Its asking price of $3,895,000 is about 504% above the median sold price in Bracebridge over the last 90 days, $645,000, across 153 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 1040 7th Heaven Lane been sold before?
Summitly has no earlier MLS® sale or lease of 1040 7th Heaven Lane on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1040 7th Heaven Lane?
1040 7th Heaven Lane is in Bracebridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1040 7th Heaven Lane been on the market?
97 days — 1040 7th Heaven Lane was listed on July 20, 2026.
What is the price per square foot of 1040 7th Heaven Lane?
About $779 to $1,113 per square foot: the asking price of $3,895,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 1040 7th Heaven Lane have parking or a garage?
Yes — the listing gives 8 parking spaces. Garage: Yes.
Does 1040 7th Heaven Lane have a basement, and is it finished?
The listing says 1040 7th Heaven Lane has no basement.
