1062 Pennwood Rd #3 is a 2-bedroom, 1-bathroom detached home in Muskoka Lakes, listed for $1,449,000. It has < 700 sq ft of living space.
1Updated cottage retreat situated at the mouth of Lake Muskoka and minutes from Port Carling!
2The main cottage features 2 bedrooms and a full bathroom, recently updated to provide a fresh, contemporary feel.
3Ready for immediate enjoyment the cottage has new flooring throughout, an upgraded kitchen, complemented by stylish Emtek hardware and new laundry area.
Updated cottage retreat situated at the mouth of Lake Muskoka and minutes from Port Carling! Enjoy long sun-filled days on this the south-west facing enchanting property, ideally located on the Lake Muskoka side of the Indian River with 185' of frontage (assessed), providing easy access to the sparkling waters of Lake Muskoka, Lake Rosseau and Lake Joseph. The main cottage features 2 bedrooms and a full bathroom, recently updated to provide a fresh, contemporary feel. Ready for immediate enjoyment the cottage has new flooring throughout, an upgraded kitchen, complemented by stylish Emtek hardware and new laundry area. Every detail has been meticulously attended to, including winterizing for use throughout the seasons. Just steps away, the charming bunkie offers extra sleeping quarters for 6 with a 2pc bath, perfect for guests, teens or family gatherings. The bunkie boasts new flooring and lighting and private deck space. The impressive 2-storey boathouse not only houses your watercraft but also features comfortable accommodations above, complete with 2 bedrooms, a 3pc bath, and a refreshed kitchen. The boathouse has been thoughtfully updated with new flooring, lighting, and hardware, and freshly painted interiors create a warm and welcoming atmosphere. All three buildings have been freshly painted on the exterior to match, boasting new roofs that enhance the overall appeal. This turn-key opportunity comes lavishly furnished with high-end decor, allowing you to enjoy your new oasis immediately. Picture yourself unwinding on the boathouse deck, or the large lakeside fire pit, taking in the lively surroundings of Port Carling while having direct access to boating adventures across 'The Big 3'. Whether you prefer a leisurely boat ride or a scenic drive, you are perfectly positioned to explore the area. Don't miss your chance to experience this exceptional property where updates and location come together to create the ultimate cottage that you can enjoy right away.
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $2,070 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1062 Pennwood Rd #3
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
< 700 sq ftas stated on the listing
Parking
4 spaces
Basement
Crawl Space, Partial Basement
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Crawl Space · Partial Basement
Lot & land
Lot size (sqft)
1.84
Listing & possession
Property style
Bungalow
Property class
Detached
1062 Pennwood Rd #3 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
$7,119
/mo
based on the purchase price of $1,449,000
$289,800 cash
$1,159,200 financed
$976,351 total interest
Principal54%$1,159,200
Interest46%$976,351
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 $1.4M.
Average days on market51Homes sold in about 51 days on average.
Sale-to-list ratio93.5%On average, homes sold below asking.
Active listings171Homes for sale here right now.
Median vs prior 90 days+26.5%Compared with May 15 – Aug 13, 2026: prices up.
Based on 124 sales from Aug 13 – Nov 11, 2026 (81 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1062 Pennwood Rd #3
How much is 1062 Pennwood Rd #3 listed for?
1062 Pennwood Rd #3 is listed at $1,449,000 (MLS® X13764786). Summitly updates the price as soon as the MLS® record changes.
Is $1,449,000 a good price for 1062 Pennwood Rd #3?
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 1062 Pennwood Rd #3 changed?
Yes — it was first listed at $1,499,000 and is now $1,449,000, a drop of $50,000 (3.3%).
How many bedrooms and bathrooms does 1062 Pennwood Rd #3 have?
1062 Pennwood Rd #3 has 2 bedrooms and 1 bathroom, with about 700 square feet of living space. It is a detached home in Muskoka Lakes.
How much would the monthly mortgage be on 1062 Pennwood Rd #3?
About $7,119 a month — principal and interest on $1,449,000 with 20% down ($289,800), 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 1062 Pennwood Rd #3 compare with other homes in Muskoka Lakes?
Its asking price of $1,449,000 is about 35% above the median sold price in Muskoka Lakes over the last 90 days, $1,075,000, across 124 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 1062 Pennwood Rd #3 been sold before?
Summitly has no earlier MLS® sale or lease of 1062 Pennwood Rd #3 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1062 Pennwood Rd #3?
1062 Pennwood Rd #3 is in Muskoka Lakes, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1062 Pennwood Rd #3 been on the market?
62 days — 1062 Pennwood Rd #3 was listed on September 10, 2026.
What is the price per square foot of 1062 Pennwood Rd #3?
About $2,070 per square foot: the asking price of $1,449,000 over the 700 sq ft the listing gives.
Does 1062 Pennwood Rd #3 have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 1062 Pennwood Rd #3 have a basement, and is it finished?
The listing describes the basement as: Crawl Space, Partial Basement.