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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in Muskoka Lakes
About 3864 Highway 118 West
Perfectly positioned between Port Carling and Glen Orchard, this level, well-treed lot offers the ideal opportunity to bring your vision to life. With 2.425 acres and Rural Residential (RUR) zoning, the possibilities are wide open from building your dream country home or getaway to exploring small-scale development or investment potential. The properties excellent highway exposure provides convenient access while maintaining a sense of privacy surrounded by nature. Just minutes to the lakes, shops, and amenities of Port Carling, this location blends a rural feel with everyday convenience. Whether you're looking to build, invest, or simply hold for the future this lot is a smart move in the heart of Muskoka.
Muskoka Lakes land priced at $299,000 — book a tour to see if it fits your search.
Inside 3864 Highway 118 W
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
2.425
Listing & possession
Property class
Vacant Land
3864 Highway 118 W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13461476$299,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 3864 Highway 118 W Compares to the Muskoka Lakes Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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
$1,469
/mo
based on the purchase price of $299,000
$59,800 cash
$239,200 financed
$201,469 total interest
Principal54%$239,200
Interest46%$201,469
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.
For homeowners nearby
Own a home on Highway 118 West? See what yours is worth
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Book a tour of 3864 Highway 118 W with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 3864 Highway 118 W 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.
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 homes for sale in Muskoka Lakes around $299K.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio94.3%On average, homes sold below asking.
Active listings234Homes for sale here right now.
Median vs prior 90 days+23.5%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 125 sales from Jul 24 – Oct 22, 2026 (73 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 3864 Highway 118 W
How much is 3864 Highway 118 W listed for?
3864 Highway 118 W is listed at $299,000 (MLS® X13461476). Summitly updates the price as soon as the MLS® record changes.
Has the price of 3864 Highway 118 W changed?
No — 3864 Highway 118 W is still listed at its original asking price of $299,000.
How many bedrooms and bathrooms does 3864 Highway 118 W have?
The listing for 3864 Highway 118 W doesn't publish its bedroom and bathroom count. It is a lot in Muskoka Lakes.
How much would the monthly mortgage be on 3864 Highway 118 W?
About $1,469 a month — principal and interest on $299,000 with 20% down ($59,800), 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 3864 Highway 118 W compare with other homes in Muskoka Lakes?
Its asking price of $299,000 is about 72% below 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.
Has 3864 Highway 118 W been sold before?
Summitly has no earlier MLS® sale or lease of 3864 Highway 118 W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 3864 Highway 118 W?
3864 Highway 118 W is in Muskoka Lakes, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 3864 Highway 118 W been on the market?
126 days — 3864 Highway 118 W was listed on June 18, 2026.
What is the lot size of 3864 Highway 118 W?
The lot is 3.495 acres, as published in the listing.
What is the land transfer tax on 3864 Highway 118 W?
About $2,960 in Ontario land transfer tax at the asking price of $299,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 3864 Highway 118 W or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 3864 Highway 118 W?
The listing for 3864 Highway 118 W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Muskoka Lakes.
