The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Make Lake Muskoka part of your everyday life. With spectacular sunsets and four-season comfort, this historic waterfront property in Torrance is ready to welcome its next chapter as a year-round home or cherished cottage retreat.Built in 1892 as the original family homestead, the three-bedroom, one-bathroom cottage has been thoughtfully updated over the years while preserving its unmistakable Muskoka character. Settle in and enjoy it today, with the freedom to add your own touches over time.At the shoreline, a new dock, gradual sandy entry and the charming waterside bunkie, affectionately named "Dreamboat," set the scene for easy days by the lake. Start your morning with coffee overlooking the water, spend afternoons swimming or exploring by boat, and gather on the dock as the sun sets across Lake Muskoka. When friends stay for the weekend, Dreamboat gives them a memorable retreat of their own.Mainland access and four-season use mean the enjoyment continues well beyond summer. Come for colourful autumn weekends, quiet winter escapes and the first signs of spring-or make this your full-time home and experience every season on the lake.From your dock, explore the connected waters of Lakes Muskoka, Rosseau and Joseph, with waterfront destinations in Port Carling, Bala and Gravenhurst along the way. Nearby, enjoy an evening at the Kee to Bala, unwind at the Beer Spa or take in the stars at Torrance Barrens.For island cottage owners, the property also offers appealing potential as a mainland base, with ample parking, guest accommodation and easy water access.A sandy shoreline, a sunset-facing dock and more than a century of stories. Whether you're looking for a home on the water or a cottage to bring everyone together, this is a place to settle in, make memories and create your own Muskoka traditions.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$4,564/mo
Mortgage (principal + interest)$4,298
Property taxFrom listing: $3,189/yr$266
Minimum $89,900 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$229,800
Ontario land transfer taxProvincial brackets, no first-time refund$19,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$252,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Muskoka Lakes has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
