Muskoka Lakes, ON · · MLS® X13009180Updated
$2,549,000Est. $12,522/mo mortgage
1062 Pennwood Rd #5 is a 4-bedroom, 3-bathroom detached home in Muskoka Lakes, listed for $2,549,000. It has 1500-2000 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Welcome to effortless four-season Muskoka living on the Indian River, where thoughtful design, modern comfort, and a truly exceptional setting come together. Built in 2023 to net-zero/LEED standards, this fully winterized 4-bedroom cottage combines energy efficiency with low-maintenance materials, making year-round enjoyment easy. Positioned along the Indian River, the gateway to Lake Muskoka, this property offers the best of Muskoka at your doorstep. Cruise by boat to Port Carling and beyond, or enjoy the convenience of reaching town by car, with easy access to Muskoka's Big Three lakes. The west-facing setting provides beautiful afternoon light and peaceful sunset views, framed by mature trees and classic Muskoka rock outcroppings.Inside, generous bedrooms and expansive principal rooms create plenty of space for family and friends to gather, relax, and stay awhile. The walkout design seamlessly connects the home to the outdoors, while the level driveway-to-deck access makes arriving and enjoying the property wonderfully convenient.Beautifully finished and completely move-in ready, this is a modern Muskoka retreat designed for spending less time on upkeep and more time enjoying the lake, the outdoors, and the people who matter most.
4 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $1,699 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
Full Muskoka Lakes market reportSold prices are shown free to signed-in members, as board rules require.
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49 Estates Drive
5 bd · 3 ba · Detached
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1023 Oak Bank Point Road
4 bd · 5 ba · Detached
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1211 Foreman Road
3 bd · 2 ba · Detached
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1685 Walkers Pt Road
4 bd · 2 ba · Detached
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25-1235 Shea Road
3 bd · 3 ba · Detached
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2755 Muskoka Rd 118 W (Hutton Road) N/A
4 bd · 2 ba · Detached
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This homeUnit 5 — 1062 Pennwood Road 4 bd · 3 ba · 1,500 sqft | $2,549,000asking | $1,699 | — | — |
| 49 Estates Drive 5 bd · 3 ba · 2,500 sqft | ||||
| 1023 Oak Bank Point Road 4 bd · 5 ba · 2,500 sqft | ||||
| 1211 Foreman Road 3 bd · 2 ba · 1,100 sqft | ||||
| 1685 Walkers Pt Road 4 bd · 2 ba · 2,500 sqft | ||||
| 25-1235 Shea Road 3 bd · 3 ba · 2,000 sqft | ||||
| 2755 Muskoka Rd 118 W (Hutton Road) N/A 4 bd · 2 ba · 1,100 sqft |
5 bd · 3 ba · 2,500 sqft
4 bd · 5 ba · 2,500 sqft
3 bd · 2 ba · 1,100 sqft
4 bd · 2 ba · 2,500 sqft
3 bd · 3 ba · 2,000 sqft
4 bd · 2 ba · 1,100 sqft
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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.
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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.
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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Listing brokerage: Royal LePage Lakes Of Muskoka - Clarke Muskoka Realty, BrokerageMLS® X13009180 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
Other 3–4 bed homes for sale in Muskoka Lakes around $2.5M.
Homes for sale in Muskoka Lakes
Every active Muskoka Lakes MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 125 sales from Jul 25 – Oct 23, 2026 (73 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
1062 Pennwood Rd #5 is listed at $2,549,000 (MLS® X13009180). Summitly updates the price as soon as the MLS® record changes.
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
Yes — it was first listed at $2,949,000 and is now $2,549,000, a drop of $400,000 (13.6%).
1062 Pennwood Rd #5 has 4 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Muskoka Lakes.
About $12,522 a month — principal and interest on $2,549,000 with 20% down ($509,800), 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.
Its asking price of $2,549,000 is about 143% above 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.
Summitly has no earlier MLS® sale or lease of 1062 Pennwood Rd #5 on record from the last two years. Older records aren't shown under TRREB rules.
1062 Pennwood Rd #5 is in Muskoka Lakes, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
191 days — 1062 Pennwood Rd #5 was listed on April 15, 2026.
About $1,275 to $1,699 per square foot: the asking price of $2,549,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Yes — the listing gives 6 parking spaces.
The listing describes the basement as: Finished with Walk-Out.
