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2928 118 Highway

Oakley / Bracebridge, ON P1P 1R3

NewActiveFor Sale
3 Beds
3 Baths
1,100 Sq Ft
16 Lot Sq Ft
Single Family Home

About This Property

Welcome to 2928 Highway 118 East, a raised bungalow offering incredible potential and exceptional value on a massive, private 16.3-acre parcel of land. Conveniently located near Highway 118 East and Oakley Cres, and just minutes outside of Bracebridge, this property is a rare find for buyers looking for space, privacy, and an opportunity to add your finishing touches and truly make it your own. This 1,400 square foot above-grade home features a spacious layout on the main level, highlighted by a bright living room centered around large windows overlooking the greenery. The living space flows into a dedicated dining area and an expansive kitchen with plenty of cabinet storage, which steps directly out to a sunroom and a full-width deck. The main floor offers 3 bedrooms, including a primary bedroom with 3 piece ensuite. There's an attached oversize 2-car garage that currently doubles as a workshop / man cave and a long driveway with plenty of parking. With great bones and a solid structure built in 1989, this property is a classic diamond in the rough. While the main living level is highly functional, it awaits your modern updates and cosmetic design choices. The lower walk-out level is a true blank canvas with an in-law capability setup, featuring a lower-level kitchenette and 3 piece washroom. The basement living spaces provide the perfect opportunity to completely redesign the entire footprint into a custom recreation room, an income suite, or additional bedrooms to maximize your investment. Outside, the sprawling acreage provides a scenic, heavily treed backdrop with a wide-cleared yard immediately surrounding the home, offering unparalleled privacy that smaller acreage parcels simply cannot match. Opportunities to secure over 16 acres of land at this price point in the Bracebridge area are few and far between.

Property Details

StatusActive
Property TypeSingle Family Home
Listing TypeFor Sale
Interior Size1,100 sq ft
Lot Size16 sq ft
Bedrooms3
Bathrooms3
ListedJune 8, 2026
Postal CodeP1P 1R3

Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13412872

Listed by REAL ESTATE HOMEWARD

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.

$699,000

asking price

MLS®X13412872
TypeSingle Family Home
CityBracebridge
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$3,413

/month · $559,200 mortgage

Down Payment20% — $139,800
Interest Rate5.5%

Amortization

Total Interest

$464,793

Total Cost

$1,023,993

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

Full Mortgage Calculator →

Listed By

REAL ESTATE HOMEWARD

2928 118 Highway, Bracebridge, ON P1P 1R3 | $699,000 | Team Filipe