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Cottages For Sale on the Lake of Bays

A large, deep and clear lake east of Huntsville, with long bays, Bigwin Island and the villages of Baysville, Dwight and Dorset.

Lake of Bays marketMedian $557K36 for sale~83 days on marketMarket stats
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60 cottages for sale on the Lake of Bays
PIN 48064-0345 Sugar Bush Road, Lake of Bays8 photos$1,225,000Land0 bathPIN 48064-0345 Sugar Bush RoadFranklin, Lake of BaysLot 200 x 228.3 ftCourtesy of: RE/MAX Four Seasons Doug Gillis & Associates RealtyV  3, W 5 - 1020 BIRCH GLEN Road, Lake of Bays33 photos$79,900Resort condo3 bed · 3 bath · 1800-1999 sq ftV 3, W 5 - 1020 BIRCH GLEN RoadMclean, Lake of Bays3 parkingCourtesy of: Royal LePage Lakes Of Muskoka Realty1204 Charlie Thompson Road, Lake of Bays50 photos$2,249,000Waterfront cottage3 bed · 3 bath · 2500-3000 sq ft1204 Charlie Thompson RoadFranklin, Lake of Bays10 parking · Lot 220 x 688 ftCourtesy of: Chestnut Park Real Estate3-1030 Raven Hill Road, Lake of Bays23 photos$4,250,000Waterfront cottage6 bed · 3 bath · 3000-3500 sq ft3-1030 Raven Hill RoadFranklin, Lake of Bays5 parking · Lot 429 x 284.7 ftCourtesy of: Cayman Marshall International Realty Inc.1087 Glenmount Road, Lake of Bays49 photos$899,000Waterfront cottage4 bed · 2 bath · 1100-1500 sq ft1087 Glenmount RoadRidout, Lake of Bays5 parking · Lot 124.2 x 1098 ftCourtesy of: Chestnut Park Real EstateV 14 W 3 - 1020 BIRCH GLEN Road, Lake of Bays28 photos$129,900Waterfront cottage3 bed · 3 bath · 2000-2500 sq ftV 14 W 3 - 1020 BIRCH GLEN RoadMclean, Lake of Bays2 parking · Pool · Lot 1000 x 1500 ftCourtesy of: Royal LePage Lakes Of Muskoka Realty1563 South Portage Road, Lake of Bays47 photos$6,495,000Waterfront cottage7 bed · 5 bath · 3000-3500 sq ft1563 South Portage RoadFranklin, Lake of BaysGarage · 11 parking · Lot 164 x 315 ftCourtesy of: Royal LePage Lakes Of Muskoka Realty1521 Old Hwy 117, Lake of Bays50 photos$1,999,000Waterfront cottage2 bed · 1 bath · 700-1100 sq ft1521 Old Hwy 117Franklin, Lake of Bays8 parking · Lot 265 x 831 ftCourtesy of: Royal LePage Lakes Of Muskoka Realty0 Bayview Acres, Lake of Bays28 photos$3,600,000Land0 bath0 Bayview AcresMclean, Lake of BaysLot 566 x 445 ftCourtesy of: Sotheby's International Realty CanadaVilla 1  Week 9 - 1020 Birch Glen Road, Lake of Bays21 photos$79,900Resort condo2 bed · 3 bath · 1800-1999 sq ftVilla 1 Week 9 - 1020 Birch Glen RoadMclean, Lake of Bays2 parkingCourtesy of: Royal LePage Lakes Of Muskoka Realty1009 Donaldson Street, Lake of Bays42 photos$4,200,000Waterfront cottage4 bed · 5 bath · 3500-5000 sq ft1009 Donaldson StreetRidout, Lake of BaysGarage · 10 parking · Lot 205 x 414.7 ftCourtesy of: CV Real Estate0 Thompson Portage Road, Lake of Bays36 photos$898,800Land0 bath0 Thompson Portage RoadFranklin, Lake of BaysLot 215 x 517.2 ftCourtesy of: RE/MAX ROUGE RIVER REALTY LTD.

Listing data © PropTx MLS®. Information deemed reliable but not guaranteed.

Market snapshot

Lake of Bays cottage market today

Based on 36 homes for sale right now (asking prices). Updated through the day.

Get recent sold prices
Median asking price$557KRange $110K – $9.95M
Homes for sale362 new this month
Typical days on market83Room to negotiate
Median price / sq ft$607From listed size ranges

Homes by price

Under $700K19
$700K–$1M3
$1M–$1.5M2
$1.5M–$2M2
$2M–$3M2
$3M+8

By style

StyleFor saleMedian price
Waterfront cottage36$557K
Resort condo17$125K
Cottage16$2.22M
Land3$1.23M
Chalet2$120K
Log home1$3M

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Muskoka lake guide

Lake of Bays: the complete cottage buyer's guide

Researched and written by the Cottage Connect team Updated 10 sources

Lake of Bays, Muskoka, Ontario
Photo: P199, CC BY 2.5, via Wikimedia Commons

Owning a cottage on Lake of Bays

Lake of Bays earns its name. Instead of one big basin, it is a tangle of long arms and deep bays, with about 167 km of shoreline wrapped around a lake of roughly 6,780 hectares. That shape means a lot of owners look across a narrow bay at a wooded hillside rather than across open water, and most of the lake feels more tucked in than its size suggests. It sits about 90 m higher than the Big Three, on the edge of Algonquin country.

This is a deep, cold, low-nutrient lake, and the provincial fact sheet rates its water quality as excellent. Lake trout here are wild and self-sustaining, and the lake has a long reputation for big ones. The township's four hamlets, Baysville, Dorset, Dwight and Hillside, are small, and Huntsville is the main service town. Below the warm surface layer the water drops to around 7 °C, which is why lake trout, whitefish and cisco all do well here.

For a cottage buyer, Lake of Bays offers a quieter alternative to the Muskoka Lakes without giving up size. There are resorts, marinas and golf clubs, but the cottage pace is slower. Most of the lake is in the Township of Lake of Bays, which licenses short-term rentals closely, while the southwest arm is in Huntsville. Highway 35 runs north and east of the lake, and Highway 60 passes through Dwight at the north end.

  • Deep clear water
  • Bigwin Island
  • Lake trout
  • Long bays

History of Lake of Bays

The lake has worn several names. Indigenous peoples called it by a name meaning Lake of Forks, and early maps also show Baptiste Lake, Forked Lake and Lake of Two Bays. Surveyor David Thompson mapped it as Forked Lake in 1837 and noted catching lake trout on September 5 of that year. A Hudson's Bay Company agent, Thomas Moffatt, called it Trading Lake and reported a trading outpost on Bigwin Island. Alexander Murray of the Geological Survey of Canada gave it its current name in 1853.

A dam at Baysville went in around 1873 and was replaced in 1918, raising the lake about 5 feet. In 1895 George Marsh merged his steamers with a rival's to form the Huntsville and Lake of Bays Transportation Company. Its narrow-gauge Portage Railway, opened in 1905, covered about 1.8 km between Peninsula Lake and South Portage on Lake of Bays, climbing about 53 m, and ran until 1959.

Charles Shaw, who bought the company in 1905, opened the 280-room Bigwin Inn on Bigwin Island in 1920. The SS Bigwin, a 1910 steam yacht moved overland from Lake Muskoka in 1925, ferried guests to the inn for decades. Volunteers restored her after she partly sank at her slip, and she is now based at a marine museum in Dorset.

A lake of long arms and sheltered bays

The shape of Lake of Bays shapes life on it. Bays like Trading, Ten Mile, Dwight and Haystack run deep into the shore, so even on a windy day there is usually calm water somewhere. The flip side is that crossing the lake by boat takes longer than the map suggests, and a property at the end of a long arm can be a fair run from the nearest marina.

Public launches are at Old Highway 117, South Portage Road, Rabbit Bay and Dwight, and there are several private marinas. The provincial fact sheet rates shoreline development as high, with resorts and commercial properties mixed in among cottages.

Wild lake trout and trophy fish

Lake of Bays is a self-sustaining lake trout lake. The province stopped stocking lake trout after 1993 to protect the native strain, and past surveys found average weights of about 2.2 to 4.4 kg, which is trophy territory. A 2004 winter creel survey estimated about 3,800 lake trout caught that season. Eggs from these fish were later used to help restore trout in nearby Mary Lake.

Brook trout still hold on in reduced numbers and depend on the streams that feed the lake. Northern pike showed up in the 1990s, probably through an unauthorized introduction, and smallmouth bass, cisco, whitefish and burbot are also common. Winter fishing focuses on lake trout, whitefish, smelt and burbot.

The Baysville dam and winter drawdown

Water levels are set by an MNRF-owned dam at Baysville, where the lake drains into the South Branch of the Muskoka River, under the Muskoka River Water Management Plan. Peak spring levels at Baysville ranged from about 315.3 m to 315.6 m between 2003 and 2019, a narrower band than on Lake Muskoka.

The lake is drawn down over winter, which matters for both docks and fish. A 1988 study estimated that winter drawdown cost lake trout about 10 to 21 percent of their eggs. Owners should design docks and shoreline work for a lower winter level.

Short-term rental rules in Lake of Bays

The Township of Lake of Bays licenses short-term rentals under By-law 2024-065, and the property must also be zoned to allow them. Applying requires a site plan, floor plan, septic details, proof of insurance and an inspection, and operating or advertising before the licence is issued is not allowed. Three demerit points or confirmed violations in a year can lead to suspension.

The southwest arm of the lake is in Huntsville, which licenses rentals of 30 days or less, caps the total number of licences, and requires one full year of ownership before you can apply.

Dorset, Dwight and Baysville

Dwight, at the north end along Highway 60, has the township office, Dwight Beach, marinas and shops. Dorset sits on Trading Bay and is known for its scenic lookout tower and the SS Bigwin museum. Baysville, at the south end, is home to the dam and hosts annual festivals. The Dorset Health Hub offers primary care, with limited same-day care for seasonal visitors, and the nearest hospital is Huntsville District Memorial Hospital.

Sold history

Lake of Bays sold prices by year

810 cottages, homes and lots on Lake of Bays have sold through the MLS® since 2013, 49 of them in the past 12 months. Sold prices are for members. Joining is free.

See what Lake of Bays cottages actually sold for

Free members see sold prices, sale-to-asking ratios and every sold listing on the lake.

YearSalesMedian soldAverageLowestHighestSold vs. askingMedian days
2026 to date45
202538
202451
202344
202256
202185
202099
201961
201863
201761
201672
201553
201443
201339

Sold data from the PropTx MLS®, for sales reported on the board. Private and exclusive sales are not included. Figures are a guide, not an appraisal. Information deemed reliable but not guaranteed.

What to know before you buy on Lake of Bays

  • Check the zoning before you count on rental income. Lake of Bays only licenses short-term rentals on properties zoned to allow them, and you cannot rent or advertise while an application is in process.
  • If the property is on the southwest arm, it is in Huntsville, where short-term rental licences are capped and you must have owned the property for a full year before applying.
  • Ask about dock design for the winter drawdown and spring peak at Baysville. Crib and floating docks behave differently when the level drops.
  • The provincial fact sheet lists Lake of Bays as a naturally reproducing lake trout lake that is not at development capacity. Shoreline and severance rules are still set by the township's planning permit by-law.
  • A cottage deep in a long bay is sheltered but may be a longer boat ride to the marinas at Dwight or Dorset. Time the trip before you commit.
  • Huntsville is the closest full hospital and main shopping town for most of the lake; Dorset and Dwight cover day-to-day needs.

New to waterfront? Start with Waterfront 101 and our septic, wells and water guide.

Lake of Bays questions, answered

How big is Lake of Bays?

Lake of Bays covers about 6,780 hectares, or roughly 68 km². Its winding shape gives it about 167 km of shoreline, plus around 31 km more on its islands. The township calls it the fourth largest lake in Muskoka.

How deep is Lake of Bays?

The Ministry of Natural Resources fact sheet lists a maximum depth of about 70 m and a mean depth of about 22 m. Some other sources give a deeper maximum, so treat 70 m as the provincial figure.

Is Lake of Bays clean?

Yes. The provincial fact sheet describes its water quality as excellent, and the lake is deep, cold and low in nutrients. Spiny water flea, an invasive zooplankton, has been present since 1995.

What fish are in Lake of Bays?

Wild lake trout are the headline species, along with lake whitefish, cisco, smallmouth bass, northern pike, burbot and a remnant population of brook trout. The lake is no longer stocked; its lake trout are self-sustaining.

Can you rent out a cottage on Lake of Bays?

Only with a licence. The Township of Lake of Bays requires a short-term rental licence under By-law 2024-065, the property must be zoned to permit rentals, and inspections and a demerit system apply. The Huntsville portion has its own licensing cap and rules.

How far is Lake of Bays from Toronto?

The Township of Lake of Bays describes itself as about two hours north of Toronto.

Who controls the water level on Lake of Bays?

The Ministry of Natural Resources owns and operates the dam at Baysville, following the Muskoka River Water Management Plan. The lake is lowered over winter and refills in spring.

What was the Bigwin Inn?

The Bigwin Inn was a 280-room resort that Charles Shaw opened on Bigwin Island in 1920. Guests arrived by steamer, including the SS Bigwin, which is now restored and based at a marine museum in Dorset.

Sources

We wrote this guide from public records and the organisations below. Lake data can change, so confirm anything that matters to your purchase (permits, rental rules, water levels) with the township or agency before you buy.

  1. Ontario MNR Lake Fact Sheet: Lake of Bays (updated 2012, hosted copy)
  2. Wikipedia: Lake of Bays (Muskoka lake)
  3. Wikipedia: Huntsville and Lake of Bays Transportation Company
  4. SS Bigwin: History
  5. Muskoka Watershed Council: Water management in the Muskoka River watershed (2020)
  6. Township of Lake of Bays: Short-Term Rentals
  7. Township of Lake of Bays: About Lake of Bays
  8. Township of Lake of Bays: Health Hub
  9. Town of Huntsville: Short Term Rental Licensing
  10. Muskoka Algonquin Healthcare: Where to get care in Muskoka
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