29 Kilty Bay Road, Georgian Bay

$749,000
29 Kilty Bay Road

$749,000

Price Change
51d
DetachedSidesplit 3

29 Kilty Bay Road, Georgian Bay

Total Monthly Obligation $3,639

Beds
3
Baths
1
Park
5
Sqft
1100-1500
DOM
51d
Yield
8.3%
Cash on Cash
13.5%
Cap Rate
7.5%
5Y IRR
26.6%
10Y IRR
23.9%
Property Type-Detached
MLS® Number-X13743122
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-256 × 289 ft
Listed on site-Sep 2, 2026
Style-Sidesplit 3
Building Type-Detached
Age-100+
Taxes-$2,917 (2026)
Parking-6 - Detached
Basement-Crawl Space, Unfinished
Heating-Baseboard (Electric)
Brokerage-Royal LePage Team Advantage Realty
Cooling-None
Laundry-No
Fireplace-Wood
Pool-None
Facing-West
Exterior-Aluminum Siding, Vinyl Siding
Roof-Metal
Foundation-Concrete
Sewer-Sewer
Possession-Negotiable
Neighbourhood-Freeman
Title-Residential Freehold

No agent assigned

There are waterfront properties you buy for what they are today, and others you buy because you can see what they could become. This one offers a little of both. Set on a large, private property on Stewart Lake near MacTier, this older three-bedroom cottage has the kind of character that is increasingly hard to find. It is dated-very dated-but that's also part of what makes it interesting. Inside, old windows frame the lake from two sunrooms; original-feeling woodwork adds warmth and a fireplace, while not currently operational, remains a natural focal point. The three-level layout is unique, and throughout the cottage there are reminders of an earlier era of Muskoka cottage life. It won't be for the buyer looking for something newly renovated and ready to impress. It's for someone who appreciates what is already here and can imagine thoughtfully bringing it forward. Enjoyed year round or seasonally. Outside, mature trees, established stonework and approximately 1.21 acres create a wonderfully private setting, while the cottage's position close to the water keeps Stewart Lake very much a part of everyday life. With approximately 256 feet of waterfront, there's room here to enjoy the property as it is, improve and potentially expand the existing cottage, or explore the possibilities of the site for something entirely new, subject to the appropriate approvals. Stewart Lake offers the quieter side of Muskoka waterfront living, with opportunities for swimming, paddling and days spent simply enjoying the lake. And when the day is over, those old sunroom windows might just be the best seat in the house. This isn't a polished cottage pretending to be new. It's an old one with character, privacy and possibilities-and for the right buyer, that's exactly the point.

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Closing Costs

Mortgage Amount
$599,200
Land Transfer Taxes$11,455
Legal Fees (Est.)
$
Total cash required for closing$162,755

Total Monthly Obligation

$3,639/mo
Mortgage $3,021
Monthly Loss $2,844
Principal$795
Interest$2,226
Property Tax$243
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 29 Kilty Bay Road

Time

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