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For Sale

1158 Shea Road 17 #17

Watt, Muskoka Lakes, ON
$949,000
4Bd
2Ba
1,300+sqft
6Parking
101 x 177.3 ftlot
$730/sqft
DetachedMLS# X13513586Listed 2026-07-0212 DOM
Heating
Water Heater
Cooling
Central Air
Basement
Finished with Walk-Out

About this home

Waterfront cottage on Three Mile Lake offering over 2,500 sq. ft. of finished living space, with 4 bedrooms and 2 full bathrooms. The upper-level living room captures panoramic lake views, while the walkout lower level provides additional space for family gatherings and entertaining. The well-equipped kitchen, forced-air heating, and security system add to the property's year-round comfort and functionality.Outside, the property features a circular driveway, firepit area, and a new dock, with easy access to the shoreline for swimming, boating, fishing, and enjoying life on the lake. Situated on a municipally maintained road, the cottage offers convenient year-round access.This fully winterized cottage has been meticulously maintained by its current owners, with significant infrastructure improvements completed over the years, including a new well (2026), along with updates to the septic system, front windows, and dock. With solid fundamentals and generous living space, the property is well suited for buyers looking to personalize the interior while benefiting from a well-cared-for waterfront home.Adding to its character, the original cottage was constructed as a classic Panabode. Prior to the current owners purchasing the property in 1990, the previous owner completed a substantial two-storey lakeside addition, expanding the home and creating the spacious lake-facing living areas enjoyed today. This thoughtful evolution blends the timeless appeal of the original Panabode with the functionality and space expected in a modern family cottage.A well-maintained waterfront property offering sunset exposure, ample finished living space, quality infrastructure, and a unique history on one of Muskoka's most beautiful lakes.

WaterfrontWalkout

Rooms

Main Floor
Foyer2.41 × 2.41 m
Primary Bedroom3.10 × 3.43 m
Bathroom2.41 × 1.60 m
Bedroom3.58 × 3.18 m
Living Room7.21 × 6.53 m
Dining Room2.95 × 2.97 m
Kitchen2.95 × 4.60 m
Basement
Bedroom4.34 × 3.71 m
Bedroom4.37 × 3.35 m
Bathroom3.00 × 2.11 m
Recreation5.74 × 7.62 m

Features

  • Bar Fridge
  • Primary Bedroom - Main Floor
  • Propane Tank
  • Storage
  • Sump Pump
  • Water Heater
  • Water Treatment
  • Deck
  • Fishing
  • Landscaped
  • Patio
  • Porch
  • Year Round Living
  • Finished with Walk-Out
  • Full
  • Central Air
  • Bungalow

Financials

Annual Taxes
$3,516

Estimated Rental Income

Entire property$4,000 – $6,500/mo
Basement apartment$1,800 – $2,500/mo
Rental yield5.1% – 8.2%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Muskoka Lakes

Days on market12 days
Buyer's MarketSeller's Market

Based on active listings in Muskoka Lakes. Data updates daily.

Our estimate for this home

Priced 18.7% above estimate
Estimated range
$739K$859K
Mid-point $799K · ~$615/sqft
How this listing compares
$739KList · $949K$859K
High confidence·Based on 13059 gta-wide comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

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. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. 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. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$949,000
1158 Shea Road 17, Muskoka Lakes
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