An extraordinary opportunity to create a legacy estate at one of Lake of Bays' most iconic waterfront settings. With approximately 1,267 feet of shoreline, level terrain, expansive west exposure, and year-round sunsets, this landmark property brings together heritage, natural beauty, and an ambitious architectural vision.At its heart, an approximately 21,000-square-foot residence is taking shape. Designed with six bedrooms and 11 bathrooms, the layout includes a grand great room with soaring ceilings and an overlooking mezzanine, a generous Muskoka room, an expansive kitchen with dedicated butler's and preparation kitchens, a private studio, and fitness facilities. The primary wing features multiple walk-in closets, a spacious ensuite, a sauna, and walls of glass opening to a private lakeside patio. Each additional bedroom enjoys its own full ensuite.With the residence framed, the roof completed, and the majority of windows installed, the project offers buyers the opportunity to personalize the interiors and bring the vision to completion.Along the waterfront, a sand beach and sheltered shoreline lead to a historic peninsula with panoramic lake views. An iconic five-slip boathouse with oversized slips, a waterfront guest house, and a gazebo at the peninsula's tip contribute to the property's enduring character.Commercial zoning adds further potential for buyers considering uses or development beyond a private residential estate, subject to permitted uses and required approvals.Rich in history and distinctive in scale, this is an opportunity to shape the next chapter of a landmark Lake of Bays property.
6 bedrooms, 8 bathrooms, about 700 sq ft, works out to roughly $11,707 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 1137 Old Hwy 117 Hwy
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
< 700 sq ftas stated on the listing
Parking
14 spacesYes garage
Basement
Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
14
Interior
Basement
Full
Lot & land
Lot size (sqft)
7.16
Listing & possession
Property style
Bungalow
Property class
Detached
1137 Old Hwy 117 Hwy Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14152416$8,195,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1137 Old Hwy 117 Hwy Compares to the Lake of Bays 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
$40,260
/mo
based on the purchase price of $8,195,000
$1,639,000 cash
$6,556,000 financed
$5,521,873 total interest
Principal54%$6,556,000
Interest46%$5,521,873
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.
For homeowners nearby
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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.
Keep looking near 1137 Old Hwy 117 Hwy
Homes for sale in Lake of Bays
Every active Lake of Bays MLS® listing, updated all day.
Average days on market62Homes sold in about 62 days on average.
Sale-to-list ratio93.1%On average, homes sold below asking.
Active listings160Homes for sale here right now.
Median vs prior 90 days−13.0%Compared with May 9 – Aug 7, 2026: prices down.
Based on 61 sales from Aug 7 – Nov 5, 2026 (36 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1137 Old Hwy 117 Hwy
How much is 1137 Old Hwy 117 Hwy listed for?
1137 Old Hwy 117 Hwy is listed at $8,195,000 (MLS® X14152416). Summitly updates the price as soon as the MLS® record changes.
Is $8,195,000 a good price for 1137 Old Hwy 117 Hwy?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Lake of Bays. 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 1137 Old Hwy 117 Hwy changed?
No — 1137 Old Hwy 117 Hwy is still listed at its original asking price of $8,195,000.
How many bedrooms and bathrooms does 1137 Old Hwy 117 Hwy have?
1137 Old Hwy 117 Hwy has 6 bedrooms and 8 bathrooms, with about 700 square feet of living space. It is a detached home in Lake of Bays.
How much would the monthly mortgage be on 1137 Old Hwy 117 Hwy?
About $40,260 a month — principal and interest on $8,195,000 with 20% down ($1,639,000), 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 1137 Old Hwy 117 Hwy compare with other homes in Lake of Bays?
Its asking price of $8,195,000 is about 890% above the median sold price in Lake of Bays over the last 90 days, $828,000, across 61 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 1137 Old Hwy 117 Hwy been sold before?
Summitly has no earlier MLS® sale or lease of 1137 Old Hwy 117 Hwy on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1137 Old Hwy 117 Hwy?
1137 Old Hwy 117 Hwy is in Lake of Bays, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1137 Old Hwy 117 Hwy been on the market?
1137 Old Hwy 117 Hwy was listed today (November 5, 2026).
What is the price per square foot of 1137 Old Hwy 117 Hwy?
About $11,707 per square foot: the asking price of $8,195,000 over the 700 sq ft the listing gives.
Does 1137 Old Hwy 117 Hwy have parking or a garage?
Yes — the listing gives 14 parking spaces. Garage: Yes.
Does 1137 Old Hwy 117 Hwy have a basement, and is it finished?
