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1087 Arundel Lodge Rd., Gravenhurst, Ont.
Asking price: $2,975,000 (August, 2024)
Selling price: $2,650,000 (August, 2024)
Taxes: $10,563 (2023)
Days on the market: 10
Listing agents: Maryrose Coleman and Ross Halloran, Sotheby’s International Realty Canada
A dozen people showed up to view the property.Supplied
The action
This three-bedroom cottage on Lake Muskoka was posted for sale with an asking price of $2,975,000 to gauge the level of interest from buyers, who often pause their recreational house hunt in the summer. A dozen guests quickly turned up to the 1.25 acre site, roughly 200 kilometres north of Toronto, and second visits were also booked.
“The seller didn’t want to price aggressively or below market value, which some people have been doing recently in order to generate excitement,” agent Maryrose Coleman said.
“We wanted to test the market to see what happens, and if we didn’t get the result she was looking for, we’d take it off the market and go back on in September.”
That backup plan was judged unnecessary after two offers emerged in under two weeks. A $2.65-million bid, accompanied with a moving letter from the hopeful buyers, proved irresistible.
“Given it [was] August, which is traditionally the slowest time for waterfront cottage sales, and that, overall, the market is slower, I am thrilled with this result,” Ms. Coleman said.
“[The seller] felt like she was handing over a legacy to a new family that would take care of what was her home.”
A two-tiered deck, also facing south, is accessed through the principal room and updated, eat-in kitchen.Supplied
What they got
This 28-year-old cottage comes with an attached garage and a garage/bunkie with two bedrooms and one bathroom above.
A long dock and a boathouse extending out from the 105-foot shoreline are visible from most areas of the cottage, including the office. A two-tiered deck, also facing south, is accessed through the principal room and updated, eat-in kitchen. There are two bathrooms.
A hot tub lies outside another recreation area downstairs.
The home also comes with air conditioning, and a newer roof and furnace.
A long dock and a boathouse extends out from the 105-foot shoreline.Supplied
The agent’s take
“It’s on Walker’s Point, which is one of the most prestigious areas of Lake Muskoka,” Ms. Coleman said.
“There’s a single-storey, single-slip boathouse and that’s unusual on a smaller shoreline.”