Rural HomeOn market 117 days

7313 534 Hwy, Parry Sound Remote Area

Name: 7313 534 Highway
SKU: X13523486
Price: 1599000 CAD
Availability: InStock

Parry Sound Remote Area, ON · · MLS® X13523486Updated October 27, 2026

$1,599,000Est. $7,855/mo mortgage

Bedrooms: 5
Bathrooms: 3
Living space: 2500–3000sq ft
Parking spaces: 8

Type Rural Home
Lot 25.995 acres
Garage Yes
Basement Finished with Walk-Out

What you should know

7313 534 Hwy is a 5-bedroom, 3-bathroom rural home in Parry Sound Remote Area, listed for $1,599,000. It has 2500-3000 sq ft of living space.

The chef-inspired galley kitchen is built for everyday living and large gatherings alike, featuring double dishwashers, double wall ovens, two refrigerators, and a spacious walk-in pantry.
Upstairs you'll find five spacious bedrooms, including a stunning primary retreat with walk-in closet, ensuite, and private balcony overlooking the lake.
The fully finished lower level offers exceptional space for relaxation and entertainment with a large recreation/games room, media area, and covered walkout leading directly to the patio and hot tub.

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5 Bed, 3 Bath Rural Home in Parry Sound Remote Area

About 7313 534 Highway

Welcome to luxury living on coveted Restoule Lake-an extraordinary 5-bedroom, 4-bath executive waterfront home offering over 4,000 sq. ft. of beautifully designed living space, soaring 10-foot ceilings, and more than 500 feet of spectacular shoreline. For buyers seeking premium waterfront living without Muskoka price tags, this remarkable property delivers exceptional value on one of Northern Ontario's most desirable lakes. Designed to capture breathtaking lake views, the open-concept living, dining and kitchen area is highlighted by a dramatic wall of windows overlooking the water and flows seamlessly onto an impressive 60-foot deck with sleek glass railings-perfect for entertaining. The chef-inspired galley kitchen is built for everyday living and large gatherings alike, featuring double dishwashers, double wall ovens, two refrigerators, and a spacious walk-in pantry. The main level also offers a private office ideal for working from home, a bright three-season sunroom, and a convenient 3-piece bath. Upstairs you'll find five spacious bedrooms, including a stunning primary retreat with walk-in closet, ensuite, and private balcony overlooking the lake. A second-floor laundry room and additional bath provide comfort and convenience for family and guests. The fully finished lower level offers exceptional space for relaxation and entertainment with a large recreation/games room, media area, and covered walkout leading directly to the patio and hot tub. Outside, enjoy a beautifully designed interlocking stone patio with fire pit and effortless access to the water from the impressive 50' x 16' floating dock just steps away. Experience the caliber of luxury waterfront living often associated with Muskoka, while enjoying greater privacy, expansive shoreline, and outstanding value on beautiful Restoule Lake.

5 bedrooms, 3 bathrooms, about 2,500 sq ft, works out to roughly $640 per square foot. Chat with Zara if you'd like a deeper read on whether this rural home fits your budget and timing.

Inside 7313 534 Hwy

Every detail from the listing, in one place.

Type: Rural Home
Style: 2-Storey
Living space: 2500-3000 sq ftas stated on the listing
Parking: 8 spacesYes garage
Basement: Finished with Walk-Out

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 8

Interior

Basement: Finished with Walk-Out

Lot & land

Lot size (sqft): 0.724

Listing & possession

Property style: 2-Storey
Property class: Rural Residential

7313 534 Hwy Price & Sale History

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

Jul 3, 2026For saleListedThis listingMLS® X13523486$1,599,000

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

What's it worth?

How 7313 534 Hwy Compares to the Parry Sound Remote Area 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 32 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

Parry Sound Remote Area market, last 90 days

Median sold price: $362,500
Average sold price: $410,901
Average days on market: 65
Homes sold: 38

Closed sales on the TRREB MLS®.

Recently sold nearby in Parry Sound Remote Area

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

2 nearby sales vs. this home

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

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Home	Sold price	$ / sqft	% of asking	Sold
This home7313 534 Highway 5 bd · 3 ba · 2,500 sqft	$1,599,000asking	$640	—	—
203 Little Long Lake Road 4 bd · 2 ba · 1,500 sqft
1362 Ranger Bay Road 4 bd · 2 ba · 700 sqft

203 Little Long Lake Road
4 bd · 2 ba · 1,500 sqft
1362 Ranger Bay Road
4 bd · 2 ba · 700 sqft

Living in Parry Sound Remote Area: Location & Amenities

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

Costs, Mortgage & Rental Return for 7313 534 Hwy

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

Mortgage: $7,855; 20% down · 25 years · 5.5% assumed
Property tax: $879; 0.66% mill rate · ON
Total per month: $8,734; 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

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Down payment

Rate (%)

Years

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

Affordability calculator

Estimated monthly payment

$7,855

/mo

based on the purchase price of $1,599,000

Down payment20%

$319,800 cash

Amortization25 yr

$1,279,200 financed

Rate5.50%

$1,077,422 total interest

Principal54%$1,279,200

Interest46%$1,077,422

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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Listing brokerage: Re/Max Crown Realty (1989) Inc., BrokerageMLS® X13523486 · Listing data last updated October 27, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

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.

For sale· listed Jul 2· $640/sq ft

Estimated monthly mortgage$7,855/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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