Muskoka Cottage Prices

Muskoka Cottage Prices – Illustrative Prices

The information herein is meant to provide a snapshot of typical cottage prices in Muskoka Lakes, Ontario, including square footage and number of bedrooms and bathrooms. Information is based on data as of October 10, 2019 and is provided for illustrative purposes only. As data is derived from listing prices it may not be indicative of sales prices.

Illustrative Muskoka Cottage Prices 

As the region is surrounded by lakes, there are various options available for waterfront cottages in Muskoka Lakes, Ontario. Typical Muskoka cottage prices include:

• $500,000  buys a waterfront cottage comprised of three bedrooms, 1.5 bathrooms covering a cozy 986 square feet.
• $750,000 will get you a three bedroom, two bathroom waterfront cottage covering approximately 1,275 square feet.
• $1,000,000 affords a four bedroom, two bathroom waterfront cottage covering approximately 1,798 square feet.

Age, location and amenities will vary, with prime lakefront and newer/recently renovated cottages reserved for properties approaching the $1 million threshold.

If you have a cool $3.5 million at your disposal, you may also consider buying you’re own private island in Muskoka.

Muskoka Cottage Prices – Year Over Year Price Changes

Muskoka cottage prices saw strong growth from 2017 to 2018. In the waterfront category, the median price increased from $850,000 in 2017 to $1,425,000 in 2018 or a whopping 68%. In the non-waterfront category, the median price increased from $238,000 in 2017 to $294,500 in 2018 or 24% (source: Re/max 2018 Recreational Property Report).

Muskoka cottage prices showed mixed results from 2018 to 2019. For instance, the median price of waterfront properties decreased from $1,425,000 in 2018 to $1,175,000 in 2019 or -18%. Alternatively, the median price increased in the non-waterfront category from $294,500 in 2018 to $376,000 in 2019 or 28%. Finally, water access properties deceased from $435,000 in 2018 to $404,000 in 2019 or -7%. Despite these rather hefty prices, the cost of entry-level properties in each category are quite affordable:  $105,000 (waterfront), $42,000 (non-waterfront) and $30,000 (water access) (source: Re/max 2019 Recreational Property Report).

Muskoka Lakes Profile

A popular getaway for those seeking an escape from the hustle and bustle of busy city life, Muskoka Lakes, Ontario is Canada’s true cottage country.

The township includes Lake Muskoka, Lake Rosseau, Lake Joseph and many other smaller lakes. Consistently ranked as one of Canada’s top vacation spots, Muskoka Lakes offers fun for the whole family. If lakeside cottage living is not for you then look elsewhere otherwise Muskoka Lakes should be at the top of your list. Relevant data includes:

• Closest major city: Toronto (238 km)
• Population: 6,588*
• Median age: 54.7*
• Median household income: $74,791*
• 2018 Single Family Median Price: $327,750^
• 2019 Single Family Median Price: $350,000^
• 2019/2018 Price (%): -6.8%^
• 2020 Median Price Forecast: $385,000 ^
• 2020 Median Price Forecast (%): 10.0%^