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.
Welcome to 3016 Highway 118, a charming bungalow set on just over 2 acres of beautifully treed land, offering the perfect balance of privacy, comfort, and country living. Located only 20 minutes from the heart of Bracebridge and with easy access to Highway 11, this peaceful property is surrounded by mature trees and abundant wildlife, creating a truly relaxing Muskoka setting.This well maintained 2 bedroom, 1 bathroom home features a bright open concept layout with large windows that fill the space with natural light. The living room offers warm hardwood floors, while the spacious kitchen and dining area provide plenty of room for entertaining family and friends. The bathroom includes a large soaking tub and separate walk in shower for added comfort.One of the standout features of this home is the incredibly spacious and versatile mudroom. Currently used as a laundry area, this space offers endless potential and could easily become a beautiful sitting room, reading nook, or cozy lounge overlooking the private backyard. With plumbing still in place from a former dog wash station, there is also potential for a future second bathroom.The unfinished basement offers high ceilings and plenty of opportunity to create additional living space to suit your needs. Recent updates include a propane forced air furnace and roof shingles completed in 2021. Outside, enjoy the circular driveway with two entrances, ample parking, a detached insulated and heated double garage with steel roof, and a spacious back deck perfect for enjoying morning coffee or evenings around the fire pit while taking in the peaceful surroundings. If you have been searching for a private country property with room to grow and make your own, this lovely bungalow is one you will not want to miss.
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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$2,412/mo
Mortgage (principal + interest)$2,241
Property taxFrom listing: $2,056/yr$171
Minimum $34,900 down for this price; the slider moves in whole percent, starting at 6%. 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$119,800
Ontario land transfer taxProvincial brackets, no first-time refund$8,455
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$131,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Bracebridge 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.
