MarketWATCH Muskoka: 29 February 2020

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Laura Stevens, Sales Representative

MarketWATCH Muskoka: 29 February 2020

March is coming in and we’ve had a good taste of winter. Muskoka’s Festivals of Winter have pretty much run their course. Not like the GTA or Golden Horseshoe, we really have snow here. Someone came up the other day to look at property in sneakers. It doesn’t work so well when uncleared pathways are almost knee deep in the white stuff. The good news is snow is not nearly as severe as last year, so expectations for dramatic spring runoff are slim. We are hoping for spring to be earlier than last year’s cool, later effort. That doesn’t mean it’s easy sailing. The last two days around Barrie and Orillia have been as if a curtain of white has been spread across the highway. Streamers off Georgian Bay have caused whiteouts and significant drifting. There’s a big difference between the near north and the Big Smoke.

Snow squalls have not dampened business, there have been quite a few new listings and sales. So far this year in the District of Muskoka alone lakefront sales are up 4% in units from last year, average price has moved from $737K to $843K, an increase of 14.3% for the first two months of 2020. The median (or middle price) of those properties selling has moved up from $465K to $572K or 23%. Numbers may vary in Parry Sound and Haliburton but the trend is fairly clear. More property is exchanging hands at higher values. At the time of writing we made an offer for a client and have found out since we are now in competition. The good properties don’t last long. This one came to the market midweek.

What makes a property good? Other than the eye of the beholder, it’s a sense of value. Is the property priced attractively? If you’re thinking of selling, call us to discuss strategy. If you see a property that interests you, you can be sure it interests someone else too. First out of the gate often wins. Don’t delay. Make the effort to bring your boots and come on up! We’ll have the hot chocolate on…

Take a look at our picks for this Marketwatch and gave us a call!

There are 21 properties that have come to market in the past 30 days – Call or text Ross for a copy of the full listing.

63 Island 35LM, Muskoka Lakes
$1,950,000.00 – MLS# 246687
Lake Muskoka

This Island paradise has absolutely everything a year round cottager could ask for. The exquisite Custom designed Normerica Post and Beam home comes with a full basement is R2000 energy efficient. The value in this ‘spare no cost‘ build is evident from the very moment you arrive at the totally finished spectacular boathouse. The grounds are manicured with simplicity in mind. All of the interior finishings are a culmination of the most quintessential cottage tastes collected by life long Muskoka cottagers. You will not be disappointed and will want for nothing more once you visit this once in a lifetime opportunity. The value will speak for itself. The list of features is far to many to list so book an appointment soon and come to experience for yourself. Boathouse interiors are T&G pine,32×40 with 2 29′ slips with lifts, 3 car Garage is 24×38 with a full second floor, Garden workshop is 10×14. Call or text Ross for a copy of the full listing.

 

1033 Epic Road, Haliburton
$899,000 – MLS# 245700
Lake Kennisis

Low maintenance 4 season cottage situated on Kennisis lake, one of Haliburton’s most popular lakes. Lots of space for the whole family to stay. Main floor master, two bdrm’s on the second level & sitting room can also be used as a fourth bdrm. Plus additional living space in bunkie. Bright open concept living. Finished w/ a classic rustic decor. Knotty pine walls & engineered flooring throughout. Oversized dining area perfect for hosting your family meals. Walkout to large deck w/ glass railing where you can enjoy your peaceful morning coffee w/ undisturbed stunning lakefront views. Beautifully landscaped maintenance free property. Granite flower beds and stairway to water. The whole family will enjoy summer evenings by the artisan firepit, perfectly placed on a granite patio. Ample privacy and sheltered by Cabin island, adding a scenic touch and slowing water traffic down. Deep shoreline, large docking system and lakeside deck. This cottage is right sized for the right price! Call or text Ross for a copy of the full listing.

 

1052 Shallow Bay Road, Gravenhurst
$519,000 – MLS# 244839
Sparrow Lake

Sparrow Lake SW exposure, part of the Trent Canal System approximately 1.5 hours from GTA. Upgrades to kitchen, exterior and roof. New dock in 2018. Waterfront lot has 50′ of frontage. Cottage lot 77′ x 171′ (lane way in-between). Small bunkie on waterfront lot + 2 sheds. Cottage lot has 3 sheds and the back deck has a gazebo. Very will maintained property. Call or text Ross for a copy of the full listing.

 

We look forward to finding your dream cottage with you,

Laura, Lucy, & Ross
(705) 706-1177
Rosskoka.com