2991 Muskoka Rd 117 Rd #2, Lake of Bays

Name: 2991 Muskoka Rd 117 Road, Unit 2
SKU: X13016736
Price: 3095000 CAD
Availability: InStock

3 Bed, 1 Bath Detached Home in Lake of Bays

Unit 2 at 2991 Muskoka Rd 117 Road

Absolutely rare fabulous redevelopment property on beautiful lake of bays. A perfect point of land with multiple exposures, all day sun, glorious sunsets, 665 feet of shoreline boasting both deep and shallow water, excellent privacy with 4 acres of level land. Savour the scenic meandering paths from your hard packed sand beach swimming area, to the spectacular wide open lake views on the other side of the point. Enjoy the existing 3 bedroom cottage plus detached double garage as is, or for a short time while planning your dream new build. Only minutes to the hamlet of Baysville, an easy 2 hour commute from the GTA. Community planning permit in place to construct a new larger dwelling.

3 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $2,814 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 2991 Muskoka Rd 117 Rd #2

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow
Living space: 1100-1500 sq ftas stated on the listing
Parking: 6 spacesYes garage
Basement: Full, Partially Finished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 6

Interior

Basement: Full · Partially Finished

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Bungalow
Property class: Detached

2991 Muskoka Rd 117 Rd #2 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® X13016736−$400,000 (11.4%)$3,095,000
Apr 17, 2026For saleListedThis listingMLS® X13016736$3,495,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 2991 Muskoka Rd 117 Rd #2 Compares to the Lake of Bays Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 78 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Lake of Bays market, last 90 days

Median sold price: $762,500
Average sold price: $1,138,158
Average days on market: 61
Homes sold: 64

Closed sales on the TRREB MLS®.

Full Lake of Bays market report

Market pulse · Lake of Bays

Lake of Bays market

Median sold price$762,500Last 90 days
Average days on market61Homes sold in about 61 days on average.
Sale-to-list ratio93.5%On average, homes sold below asking.
Active listings187Homes for sale here right now.
Median vs prior 90 days−26.8%Compared with Apr 24 – Jul 23, 2026: prices down.

Based on 64 sales from Jul 23 – Oct 21, 2026 (32 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Lake of Bays

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 2 — 2991 Muskoka Rd 117 Road 3 bd · 1 ba · 1,100 sqft	$3,095,000asking	$2,814	—	—
1067 Osborne Pt Road 4 bd · 2 ba · 1,500 sqft
1100 Old Hwy 117 Highway 2 bd · 1 ba · 700 sqft
1065 Pine Lane 3 bd · 2 ba · 1,500 sqft
1162 Osborne Point Road 5 bd · 4 ba · 3,000 sqft
84 BIGWIN ISLAND N/A 5 bd · 5 ba · 3,500 sqft
1003 Kelly Road 2 bd · 2 ba · 1,500 sqft

1067 Osborne Pt Road
4 bd · 2 ba · 1,500 sqft
1100 Old Hwy 117 Highway
2 bd · 1 ba · 700 sqft
1065 Pine Lane
3 bd · 2 ba · 1,500 sqft
1162 Osborne Point Road
5 bd · 4 ba · 3,000 sqft
84 BIGWIN ISLAND N/A
5 bd · 5 ba · 3,500 sqft
1003 Kelly Road
2 bd · 2 ba · 1,500 sqft

Living in Lake of Bays: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Loading schools, parks, groceries and more nearby…

How long is your commute?

From 2991 Muskoka Rd 117 Rd #2. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 2991 Muskoka Rd 117 Rd #2

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $15,205; 20% down · 25 years · 5.5% assumed
Property tax: $1,702; 0.66% mill rate · ON
Total per month: $16,907; Before utilities, insurance and fees

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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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$15,205

/mo

based on the purchase price of $3,095,000

Down payment20%

$619,000 cash

Amortization25 yr

$2,476,000 financed

Rate5.50%

$2,085,442 total interest

Principal54%$2,476,000

Interest46%$2,085,442

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

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.

Book a tour of 2991 Muskoka Rd 117 Rd #2 with a licensed buyer's agent

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Zara, any time

Zara · AI virtual agent

Ask about 2991 Muskoka Rd 117 Rd #2 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.

A licensed local agent

Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.

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Questions About 2991 Muskoka Rd 117 Rd #2

How much is 2991 Muskoka Rd 117 Rd #2 listed for?

2991 Muskoka Rd 117 Rd #2 is listed at $3,095,000 (MLS® X13016736). Summitly updates the price as soon as the MLS® record changes.

Is $3,095,000 a good price for 2991 Muskoka Rd 117 Rd #2?

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 2991 Muskoka Rd 117 Rd #2 changed?

Yes — it was first listed at $3,495,000 and is now $3,095,000, a drop of $400,000 (11.4%).

How many bedrooms and bathrooms does 2991 Muskoka Rd 117 Rd #2 have?

2991 Muskoka Rd 117 Rd #2 has 3 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in Lake of Bays.

How much would the monthly mortgage be on 2991 Muskoka Rd 117 Rd #2?

About $15,205 a month — principal and interest on $3,095,000 with 20% down ($619,000), 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 2991 Muskoka Rd 117 Rd #2 compare with other homes in Lake of Bays?

Its asking price of $3,095,000 is about 306% above the median sold price in Lake of Bays over the last 90 days, $762,500, across 64 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 2991 Muskoka Rd 117 Rd #2 been sold before?

Summitly has no earlier MLS® sale or lease of 2991 Muskoka Rd 117 Rd #2 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 2991 Muskoka Rd 117 Rd #2?

2991 Muskoka Rd 117 Rd #2 is in Lake of Bays, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 2991 Muskoka Rd 117 Rd #2 been on the market?

187 days — 2991 Muskoka Rd 117 Rd #2 was listed on April 17, 2026.

What is the price per square foot of 2991 Muskoka Rd 117 Rd #2?

About $2,063 to $2,814 per square foot: the asking price of $3,095,000 over the 1,100–1,500 sq ft the listing gives as its size range.

Does 2991 Muskoka Rd 117 Rd #2 have parking or a garage?

Yes — the listing gives 6 parking spaces. Garage: Yes.

Does 2991 Muskoka Rd 117 Rd #2 have a basement, and is it finished?

The listing describes the basement as: Full, Partially Finished.

2991 Muskoka Rd 117 Rd #2, Lake of Bays

What you should know

3 Bed, 1 Bath Detached Home in Lake of Bays

Unit 2 at 2991 Muskoka Rd 117 Road

Inside 2991 Muskoka Rd 117 Rd #2

Features & systems

2991 Muskoka Rd 117 Rd #2 Price & Sale History

How 2991 Muskoka Rd 117 Rd #2 Compares to the Lake of Bays Market

Lake of Bays market, last 90 days

Recently sold nearby in Lake of Bays

Living in Lake of Bays: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 2991 Muskoka Rd 117 Rd #2

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Muskoka Rd 117 Road? See what yours is worth

Zara, any time

A licensed local agent

See 2991 Muskoka Rd 117 Rd #2, Lake of Bays in person

Similar homes for sale nearby in Lake of Bays

Explore More Detached Homes in Lake of Bays

3 Bed, 1 Bath Detached Home in Lake of Bays

Unit 2 at 2991 Muskoka Rd 117 Road

Inside 2991 Muskoka Rd 117 Rd #2

Features & systems

2991 Muskoka Rd 117 Rd #2 Price & Sale History

How 2991 Muskoka Rd 117 Rd #2 Compares to the Lake of Bays Market

Lake of Bays market, last 90 days

Market pulse · Lake of Bays

Recently sold nearby in Lake of Bays

Living in Lake of Bays: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 2991 Muskoka Rd 117 Rd #2

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Muskoka Rd 117 Road? See what yours is worth

Zara, any time

A licensed local agent

See 2991 Muskoka Rd 117 Rd #2, Lake of Bays in person

Questions About 2991 Muskoka Rd 117 Rd #2

How much is 2991 Muskoka Rd 117 Rd #2 listed for?

Is $3,095,000 a good price for 2991 Muskoka Rd 117 Rd #2?

Has the price of 2991 Muskoka Rd 117 Rd #2 changed?

How many bedrooms and bathrooms does 2991 Muskoka Rd 117 Rd #2 have?

How much would the monthly mortgage be on 2991 Muskoka Rd 117 Rd #2?

How does 2991 Muskoka Rd 117 Rd #2 compare with other homes in Lake of Bays?

Has 2991 Muskoka Rd 117 Rd #2 been sold before?

Where is 2991 Muskoka Rd 117 Rd #2?

How long has 2991 Muskoka Rd 117 Rd #2 been on the market?

What is the price per square foot of 2991 Muskoka Rd 117 Rd #2?

Does 2991 Muskoka Rd 117 Rd #2 have parking or a garage?

Does 2991 Muskoka Rd 117 Rd #2 have a basement, and is it finished?

Similar homes for sale nearby in Lake of Bays

Explore More Detached Homes in Lake of Bays

Market pulse · Lake of Bays

Questions About 2991 Muskoka Rd 117 Rd #2

How much is 2991 Muskoka Rd 117 Rd #2 listed for?

Is $3,095,000 a good price for 2991 Muskoka Rd 117 Rd #2?

Has the price of 2991 Muskoka Rd 117 Rd #2 changed?

How many bedrooms and bathrooms does 2991 Muskoka Rd 117 Rd #2 have?

How much would the monthly mortgage be on 2991 Muskoka Rd 117 Rd #2?

How does 2991 Muskoka Rd 117 Rd #2 compare with other homes in Lake of Bays?

Has 2991 Muskoka Rd 117 Rd #2 been sold before?

Where is 2991 Muskoka Rd 117 Rd #2?

How long has 2991 Muskoka Rd 117 Rd #2 been on the market?

What is the price per square foot of 2991 Muskoka Rd 117 Rd #2?

Does 2991 Muskoka Rd 117 Rd #2 have parking or a garage?

Does 2991 Muskoka Rd 117 Rd #2 have a basement, and is it finished?