1 Merlin (Island M91) Island
Muskoka Lakes, ON
- 4 bed
- 3 bath
- approx. 1100-1500 sqft
- Detached
Private islands almost never come up for sale on Lake Muskoka. This is your shot.Tucked into Shanty Bay - one of the lake's best-kept secrets. Solid community, epic paddling and waterskiing water, and close to town and the city - yet most boaters have never even come back this far. 1.2 acres of flat, usable land with sun from sunrise to sunset and views in every direction. Deep water on one side for diving and docking, a shallow sandy entry on the other for kids, grandparents, and dogs - this island works for every generation of your family. Same family for over 40 years, now ready for its next chapter. Septic and services are already in - a head start most vacant island lots can't offer. The existing 4-bed, 2.5-bath cottage and bunkie w bath are fully livable right now while you plan your next move, whether that's a renovation or eventually building new. This is the kind of island that inspired Sterling Point - no script required to live it. Paddle it, ski it, fish it.
Listing Details
- Taxes (2026)
- $10,937
- Originally Listed
- $1,999,000
- Listed
- July 9, 2026
Price History
Property
- Style
- 1 1/2 Storey
- Age
- 31-50
- Construction
- Wood
- Roof
- Cedar
- Foundation
- Piers
- Interior
- Primary Bedroom - Main Floor, Water Heater Owned
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 0
Utilities
- Water
- Lake/River
- Sewer
- Septic
- Heat Source
- Electric
Location & Legal
- Cross Street
- Highway 169/Villas Marina
- Zoning
- WR3-7 / WR3-7R
- Parcel Number
- 480330415
- Possession
- Flexible
- Occupancy
- Owner
Included
- Exclusions
- Personal Items and furniture at seller's discretion
Waterfront
- Water Body
- Lake Muskoka
- Shoreline
- Natural, Sandy, Deep
- Docking
- Marina
Community
Postal area P1P
- Population
- 11,083
- Private dwellings
- 6,921
- Median age
- 54
- Average household size
- 2.2
- Median household income
- $72,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Muskoka Lakes · last 12 months
- Median sold price
- $885,000
- Homes sold
- 247
- Median days on market
- 29
- Sale-to-list price
- 93.8%
Based on 247 recorded sales of residential freehold properties in Muskoka Lakes over the last 12 months.
Listed by
Chestnut Park Real Estate
Walk Score
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Location
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Mortgage Calculator
$359,800
Estimated Monthly Payment
$8,838
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,838/mo (20% down, 5.5%)
Taxes: $911/mo · Insurance: $450/mo
Estimates only. Consult a financial advisor.
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