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1158 Shea Road Unit 17

Watt / Muskoka Lakes, ON P0B 1M0

ActiveFor Sale
4 Beds
2 Baths
1,100 Sq Ft
Single Family Home
Virtual Tour Available

About This Property

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.

Property Details

StatusActive
Property TypeSingle Family Home
Listing TypeFor Sale
Interior Size1,100 sq ft
Bedrooms4
Bathrooms2
Postal CodeP0B 1M0
Last UpdatedSep 13, 2026 · 9:17 a.m.

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Features & Amenities

  • Waterfront
  • View
  • Fireplace
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13513586

Listed by PSR

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$949,000

asking price

MLS®X13513586
TypeSingle Family Home
CityMuskoka Lakes
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$4,634

/month · $759,200 mortgage

Down Payment20% — $189,800
Interest Rate5.5%

Amortization

Total Interest

$631,028

Total Cost

$1,390,228

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

PSR