Waterfront cottage on Three Mile Lake offering over 2,500 sq. ft. of finished living space, with 4 bedrooms and 2 full bathrooms. The upper-level living room captures panoramic lake views, while the walkout lower level provides additional space for family gatherings and entertaining. The well-equipped kitchen, forced-air heating, and security system add to the property's year-round comfort and functionality.Outside, the property features a circular driveway, firepit area, and a new dock, with easy access to the shoreline for swimming, boating, fishing, and enjoying life on the lake. Situated on a municipally maintained road, the cottage offers convenient year-round access.This fully winterized cottage has been meticulously maintained by its current owners, with significant infrastructure improvements completed over the years, including a new well (2026), along with updates to the septic system, front windows, and dock. With solid fundamentals and generous living space, the property is well suited for buyers looking to personalize the interior while benefiting from a well-cared-for waterfront home.Adding to its character, the original cottage was constructed as a classic Panabode. Prior to the current owners purchasing the property in 1990, the previous owner completed a substantial two-storey lakeside addition, expanding the home and creating the spacious lake-facing living areas enjoyed today. This thoughtful evolution blends the timeless appeal of the original Panabode with the functionality and space expected in a modern family cottage.A well-maintained waterfront property offering sunset exposure, ample finished living space, quality infrastructure, and a unique history on one of Muskoka's most beautiful lakes. Fun fact: Three Mile Lake is known for excellent fishing, with walleye (pickerel), smallmouth and largemouth bass, and yellow perch. It's also a popular destination for ice fishing in the winter.
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Approx. Age:
51-99
Total Approx Floor Area:
1100-1500
Lot Depth:
177'4"54 m
Lot Frontage:
101'30.8 m
Lot Shape:
Irregular
Direction Faces:
North
Bedrooms:
4
Bathrooms:
2.0
Water supply:
Well
Kitchens:
1
Bedrooms Above Grade:
4
Kitchens Above Grade:
1
Rooms Above Grade:
13
Heating type:
Forced Air
Heating Fuel:
Electric
Foundation:
Concrete Block
Roof:
Metal
Basement:
Finished with Walk-Out, Full
Fireplace/Stove:
Yes
Alternative Power:
None
Garage:
None
Garage Spaces:
0.0
Other Structures:
Shed, Storage
Parking Features:
Circular Drive, Front Yard Parking
Parking Spaces:
6
Total Parking Spaces:
6.0
Rural services:
Electricity Connected, Internet High Speed
Family Room:
Yes
Possession Details:
Prefer to close in September
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$3,516 /
2026
Assessment:
$- /
-
Muskoka
Muskoka Lakes
Watt
Lake Access, Lake/Pond, Marina, Sloping, Waterfront, Wooded/Treed
Bar Fridge, Primary Bedroom - Main Floor, Propane Tank, Storage, Sump Pump, Water Heater, Water Treatment
Deck, Fishing, Landscaped, Patio, Porch, Year Round Living
Alarm System
Unknown
Outdoor water toys (ex: boat, kayaks etc.) & TV
Board & Batten
No
331'101 m
Dock, Stairs to Waterfront
Direct
Rocky
Owned
North
Forest, Lake, Trees/Woods, Water
Direct
Private Road, Year Round Municipal Road, Year Round Private Road
Data was last updated August 9, 2026 at 09:15 PM (UTC)
Area Statistics
Listings on market:
39
Avg list price:
$999,500
Min list price:
$189,000
Max list price:
$16,995,000
Avg days on market:
38
Min days on market:
2
Max days on market:
699
These statistics are generated based on the current listing's property type
and located in
Watt. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.