48 Picnic Island Rd is a 3-bedroom, 2-bathroom detached home in Georgian Bay, listed for $549,900. It has 1500-2000 sq ft of living space.
1Welcome to this beautifully updated year-round home in the heart of Honey Harbour, offering the perfect blend of comfort, convenience, and Muskoka charm.
2BasementPartially Finished, as described in the listing.
Welcome to this beautifully updated year-round home in the heart of Honey Harbour, offering the perfect blend of comfort, convenience, and Muskoka charm. Situated on a spacious property in a desirable location, this well-maintained home features numerous upgrades and renovations, providing peace of mind and modern living for years to come.The bright and inviting interior offers comfortable living spaces, updated finishes, and a functional layout ideal for families, retirees, or those seeking a year-round residence in cottage country.Major updates include 200-amp service with a GenerLink system (2021) capable of powering the home during outages (excluding the oven and hot tub), a propane furnace and hot water tank (2015), propane fireplace (2019), foundation and weeping tile upgrades (2016), sump pump with alarm (2017), and front and rear decks with updated railings (2020). The roof features 35-year architectural shingles (2008), and all main-floor windows were replaced in 2011.The water system was installed in 2007 and has been regularly maintained, including media replacement in 2023 and annual UV bulb servicing, most recently in March 2026. Additional upgrades include a water pump with brass fittings (2018), pressure tank (2019), and a new furnace computer board and heat exchanger installed in March 2026.The property also benefits from extensive electrical improvements, including rewired receptacles and lighting throughout, dedicated breakers for the sump pump and garage fridge/freezer, 15-amp service to the shed and exterior receptacles, and a furnace shut-off switch. The hot tub, installed in 2018, has been updated with a new heater (2023), circulating pump (2024), and pump components (2025).Located just minutes from marinas, Georgian Bay access, local amenities, trails, and year-round outdoor recreation, this move-in-ready property is an excellent opportunity for a permanent residence, weekend retreat, or investment in Muskoka.
3 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $367 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 48 Picnic Island Rd
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
4 spaces
Basement
Partially Finished
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Partially Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
48 Picnic Island Rd 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
$2,701
/mo
based on the purchase price of $549,900
$109,980 cash
$439,920 financed
$370,528 total interest
Principal54%$439,920
Interest46%$370,528
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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Similar homes for sale nearby in Georgian Bay
Other 2–6 bed homes for sale in Georgian Bay around $550K.
Average days on market74Homes sold in about 74 days on average.
Sale-to-list ratio92.3%On average, homes sold below asking.
Active listings173Homes for sale here right now.
Median vs prior 90 days+3.0%Compared with Apr 24 – Jul 23, 2026: prices up.
Based on 44 sales from Jul 23 – Oct 21, 2026 (28 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 48 Picnic Island Rd
How much is 48 Picnic Island Rd listed for?
48 Picnic Island Rd is listed at $549,900 (MLS® X13438546). Summitly updates the price as soon as the MLS® record changes.
Is $549,900 a good price for 48 Picnic Island Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Georgian Bay. 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 48 Picnic Island Rd changed?
Yes — it was first listed at $599,999 and is now $549,900, a drop of $50,099 (8.3%).
How many bedrooms and bathrooms does 48 Picnic Island Rd have?
48 Picnic Island Rd has 3 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Georgian Bay.
How much would the monthly mortgage be on 48 Picnic Island Rd?
About $2,701 a month — principal and interest on $549,900 with 20% down ($109,980), 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 48 Picnic Island Rd compare with other homes in Georgian Bay?
Its asking price of $549,900 is about 29% below the median sold price in Georgian Bay over the last 90 days, $777,500, across 44 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 48 Picnic Island Rd been sold before?
Summitly has no earlier MLS® sale or lease of 48 Picnic Island Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 48 Picnic Island Rd?
48 Picnic Island Rd is in Georgian Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 48 Picnic Island Rd been on the market?
132 days — 48 Picnic Island Rd was listed on June 11, 2026.
What is the price per square foot of 48 Picnic Island Rd?
About $275 to $367 per square foot: the asking price of $549,900 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 48 Picnic Island Rd have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 48 Picnic Island Rd have a basement, and is it finished?
The listing describes the basement as: Partially Finished.
