Investor-Friendly Cottages For Sale on Three Mile Lake
4 cottages with rental potential for sale on Three Mile Lake right now, from $750K to $1.18M. Updated through the day from the MLS®.
34 photos$750,000Waterfront cottage5 bed · 3 bath · 1500-2000 sq ft1039 Wonder Beach RoadWatt, Muskoka LakesCourtesy of: EXP REALTY
34 photos$990,000Waterfront cottage4+1 bed · 2 bath · 2000-2500 sq ft10 - 1326 Windermere RoadWatt, Muskoka LakesCourtesy of: FINE HOMES REALESTATE INC.
26 photos$1,180,000Waterfront cottage2+2 bed · 4 bath · 2500-3000 sq ft823 Relative RoadArmourCourtesy of: VERTICAL MARKETING REALTY
37 photos$1,095,000Waterfront cottage3 bed · 2 bath · 700-1100 sq ft8 - 1140 Cowan Park RoadWatt, Muskoka LakesCourtesy of: Chestnut Park Real EstateListing data © PropTx MLS®. Information deemed reliable but not guaranteed.
Three Mile Lake cottage market today
Based on 4 homes for sale right now (asking prices). Updated through the day.
Homes by price
By style
| Style | For sale | Median price |
|---|---|---|
| Waterfront cottage | 4 | $1.04M |
| Cottage | 4 | $1.04M |
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Get my instant estimateCottages with rental potential on Three Mile Lake
Right now there are 4 cottages with rental potential for sale on Three Mile Lake. Asking prices run from $750K to $1.18M, and the middle listing is $1.04M. Most are in Muskoka Lakes and Armour.
Three Mile Lake is a quieter, inland Muskoka lake in the Township of Muskoka Lakes, northeast of Port Carling and west of Port Sydney. Read the full Three Mile Lake guide.
Rental income depends on the address as much as the cottage. Many townships now license short-term rentals and some cap them, so confirm the bylaw, the licence status and the septic capacity before you count on the income.
Common questions
How many cottages with rental potential are for sale on Three Mile Lake?
There are 4 listings right now, taken straight from the MLS® and updated through the day. New ones are added the day they come on the market.
How much do cottages with rental potential on Three Mile Lake cost?
Asking prices run from $750K to $1.18M, with a median of $1.04M. Frontage, shoreline, exposure, road access and the building itself account for most of the spread.
Where on Three Mile Lake are these cottages with rental potential?
Most of today's listings are in Muskoka Lakes and Armour. Use the map above to see exactly where each one sits on the lake.
Can I get new cottages with rental potential on Three Mile Lake sent to me?
Yes. Save this search or ask for listing alerts and new cottages with rental potential on Three Mile Lake are emailed to you the day they hit the MLS®, along with price drops. It is free and you can stop anytime.
More ways to shop Three Mile Lake
- Waterfront Cottages 14
- Under $750,000 5
- Under $1 Million 11
- Under $2 Million 14
- Four-Season Cottages 11
- Seasonal Cottages 1
- Cottages with a Boathouse 1
- Cottages with a Sandy Beach 6
- Cottages with a Bunkie 4
- Cabins 14
- Chalets 1
Investor-Friendly Cottages on other Muskoka lakes
- Peninsula Lake 9
- Lake Muskoka 7
- Lake Rosseau 1
- Lake Joseph 1
- Lake of Bays 1
- Sparrow Lake 1
- Moon River 1
- Stewart Lake 1
All cottages with rental potential in Muskoka · All cottages with rental potential in Ontario
Three Mile Lake sold prices by year
115 cottages, homes and lots on Three Mile Lake have sold through the MLS® since 2013, 20 of them in the past 12 months. Sold prices are for members. Joining is free.
Free members see sold prices, sale-to-asking ratios and every sold listing on the lake.
| Year | Sales | Median sold | Average | Lowest | Highest | Sold vs. asking | Median days |
|---|---|---|---|---|---|---|---|
| 2026 to date | 19 | ||||||
| 2025 | 17 | ||||||
| 2024 | 12 | ||||||
| 2023 | 13 | ||||||
| 2022 | 7 | ||||||
| 2021 | 19 | ||||||
| 2020 | 18 | ||||||
| 2019 | 5 | ||||||
| 2018 | 3 | ||||||
| 2017 | 1 | ||||||
| 2013 | 1 | ||||||
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.
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