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For saleListed 47 days agoMLS® X13710672

42 Todholm Drive Todholm Drive, Muskoka Lakes, ON

Medora, Muskoka Lakes · Indian River · View map

$1,950,000
5Beds
3Baths
1500-2000Sq ft
Indian RiverWaterbody
212 ftFrontage
2-StoreyStyle
0.7 acresLot
Municipal RoadAccess
$6,200/yrTaxes
31-50Age
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$1,950,000
Direct waterfrontOn Indian River
212 ft of frontageMeasured along the water

About this property

Beautiful Unique "A" shaped cottage fully renovated and located in the heart of Muskoka cross from Hanna park and beach. This property offer a large waterfront with a beautiful recently constructed dock with a 700 square feet double deck right on the water. Room for a boat to be covered and stay dry. The glass railing on the deck gives you great space for just enjoying or having a great get together. Being right in town enjoy the shopping for all your needs. The "A" shape will provide you tons and tons of sunlight. The newly renovated kitchen gives you tons of space to cook. The loft on the second floor is beautiful space that gives you scenic views of the waterfront through the "A" shaped windows. Seeing is believing. The Septic system was was replaced in August 2023. Both Septic and Double deck with dock done with City permits. Landscaping done with Muskoka Stone with a fire pit. 3000 square feet gives a large family tons of room. Short term rental can make a great investment to your portfolio. Capable of bringing a cap rate of 18 percent. At present bringing in 10 percent. This property can offer great times and be a great investment. Cap Rate of over 10 percent. Will make it nice retirement property. Force air furnace and air conditioning and Generator are 4 years old. All the furniture is included which is 6 years old. **EXTRAS** Fridge, Built in countertop electric stove, Built in oven, Built in Microwave, Built in Dishwasher, Washer and Dryer. Electrical fixtures. 24 Kwatt Generator. 6 persons Hot tub. Tesla Charger. Will get it in perfect condition as all updates will be completed as per buyer choice. Turn key.

The property

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Estimated monthly cost—Mortgage, property tax and insurance
  • Mortgage
  • Property tax
  • Insurance

Cash needed to close

  • Down payment
  • Ontario land transfer tax
  • Legal fees and title insurance (est.)
  • Inspections: building, septic, water (est.)
  • Total to close

Estimates for illustration only. Recreational property can need a larger down payment and a different rate than a city home. See how cottage financing works.

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42 Todholm Drive Todholm Drive, Muskoka Lakes, ON

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Listing courtesy of SAVE MAX REAL ESTATE INC.. Listing data © PropTx MLS®. Information deemed reliable but not guaranteed.

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