Welcome to an exceptional waterfront retreat on the shores of Grey Owl Lake, where luxury, privacy, and year-round enjoyment come together. Located just 20 minutes north of Parry Sound, this executive 4-bedroom waterfront home or cottage is nestled on a beautifully treed one-acre lot with breathtaking sunset views and direct access to kms of boating through Grey Owl Lake and Lorimer Lake. Built in 2013 and offering over 3,200 sq. ft. of thoughtfully designed living space, this stunning property features soaring vaulted ceilings, rich hardwood flooring, four generously sized bedrooms, and a fully finished walkout lower level designed for entertaining family and friends. Expansive windows frame picturesque lake views while filling the home with natural light. Step outside and experience true Muskoka-style waterfront living with a clean shoreline, extensive docking system, lakeside deck, two beautiful gazebos, and multiple outdoor spaces perfect for relaxing, entertaining, or simply enjoying the peaceful surroundings. Car enthusiasts, boaters, and outdoor adventurers will appreciate the impressive, heated garage offering over 1,200 sq.ft. of space with a loft area and room for up to four vehicles, plus ample storage for boats, ATVs, snowmobiles, and recreational equipment. A charming waterside Bunkie provides additional accommodation for guests seeking their own private lakeside escape. As an added bonus, over 90% of the furnishings and recreational equipment are included, making this a truly turnkey opportunity. Muskoka chairs, kayaks, canoe, paddle boat, water toys, gazebos, and much more; simply arrive and start enjoying cottage life from day one. Whether you're seeking a luxury family cottage, year-round waterfront residence, or a legacy property to be enjoyed for generations, this remarkable Grey Owl Lake offering delivers an extraordinary lifestyle in one of Ontario's most sought-after recreational destinations. PRIVATE. TURNKEY. Sunset views. Truly a RARE find.
2 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $1,179 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 61 Mckellar Lake Rd
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow-Raised
Living space
1500-2000 sq ftas stated on the listing
Parking
14 spacesYes garage
Basement
Finished, Finished with Walk-Out
Features & systems
Parking & garage
Garage
Yes
Parking spaces
14
Interior
Basement
Finished · Finished with Walk-Out
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow-Raised
Property class
Detached
61 Mckellar Lake 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
$8,691
/mo
based on the purchase price of $1,769,000
$353,800 cash
$1,415,200 financed
$1,191,970 total interest
Principal54%$1,415,200
Interest46%$1,191,970
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.
Similar homes for sale nearby in McKellar
Other 1–5 bed homes for sale in McKellar around $1.8M.
Average days on market55Homes sold in about 55 days on average.
Sale-to-list ratio93.0%On average, homes sold below asking.
Active listings49Homes for sale here right now.
Median vs prior 90 days+21.4%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 19 sales from Jul 24 – Oct 22, 2026 (13 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 61 Mckellar Lake Rd
How much is 61 Mckellar Lake Rd listed for?
61 Mckellar Lake Rd is listed at $1,769,000 (MLS® X13426658). Summitly updates the price as soon as the MLS® record changes.
Is $1,769,000 a good price for 61 Mckellar Lake Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in McKellar. 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 61 Mckellar Lake Rd changed?
Yes — it was first listed at $1,889,000 and is now $1,769,000, a drop of $120,000 (6.4%).
How many bedrooms and bathrooms does 61 Mckellar Lake Rd have?
61 Mckellar Lake Rd has 2 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in McKellar.
How much would the monthly mortgage be on 61 Mckellar Lake Rd?
About $8,691 a month — principal and interest on $1,769,000 with 20% down ($353,800), 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 61 Mckellar Lake Rd compare with other homes in McKellar?
Its asking price of $1,769,000 is about 183% above the median sold price in McKellar over the last 90 days, $625,000, across 19 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 61 Mckellar Lake Rd been sold before?
Summitly has no earlier MLS® sale or lease of 61 Mckellar Lake Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 61 Mckellar Lake Rd?
61 Mckellar Lake Rd is in McKellar, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 61 Mckellar Lake Rd been on the market?
134 days — 61 Mckellar Lake Rd was listed on June 10, 2026.
What is the price per square foot of 61 Mckellar Lake Rd?
About $885 to $1,179 per square foot: the asking price of $1,769,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 61 Mckellar Lake Rd have parking or a garage?
Yes — the listing gives 14 parking spaces. Garage: Yes.
Does 61 Mckellar Lake Rd have a basement, and is it finished?
The listing describes the basement as: Finished, Finished with Walk-Out.
