12-Acre Riverside Compound with 5 Cottages in Bracebridge

Property details for 159 Keith Road, Bracebridge)

Type: Residential
Style: Bungalow
Bedrooms: 9
Bathrooms: 7
Lot Size: 550 FT ; Area 515,096 SqFt, Perimeter 3629 ft
Stories: 1
Basement: None
Parking: No Garage
Heating: Baseboard heaters, Electric
Cooling: None
Exterior: Brick, Aluminum siding
Ownership: Freehold
Annual Taxes: $2,881

Just a five-minute drive from downtown Bracebridge, this 12-acre Muskoka riverfront property is essentially a small village. You get five standalone cottages, all fully furnished, plus a couple more in need of some love. With nine bedrooms and seven bathrooms spread across the main houses, there's room for a big family or a serious rental operation. The land is the real star here: 550 feet of direct shoreline on the Muskoka River, about five acres zoned commercial, and the rest wooded and private. It's a rare mix of recreational retreat and business opportunity. The cottages themselves are simple and rustic, with aluminum siding and brick exteriors, functional but not fancy. Heating is electric baseboard, water comes straight from the river, and there's a sanitary sewer connection. Parking is a non-issue with space for 20 cars. Taxes run about $2,881 a year, which is modest for this much land. Riverfront and commercial zoning make it stand out in a market where the median price nearby is $1.05 million, so at $1,050,000 you're getting a lot of potential for the money. If you're after a fully finished cottage experience, this isn't it, but if you want a project with income possibilities, it's worth a look.

About 159 Keith Road, Bracebridge) — Property Score

Spacious Great Location

Score: 65/100

Value

Stable pricing - no price changes since original listing date 50

Size

100

9 bedrooms - 5 more than similarly priced 4-bedroom homes nearby 100

7 bathrooms - 4 more than similarly priced properties nearby 100

Location

$77K median household income - near the Canadian average of $70K 69

82% of residents hold postsecondary credentials - a highly educated neighbourhood 90

75% homeownership rate - indicating a stable, owner-occupied community 83

76% of residents commute under 30 minutes - excellent commuter accessibility 91

135/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 71 days on market 100

-11.2% median price change over 1 month - declining prices in the area 1

21 months of housing supply - 21 active listings with 1 sold last month (buyer's market) 40

Features

20-car garage - more than the area average of 7.7 spots 95

None basement 30

baseboard heating throughout 55

None 30

Waterfront, View - premium features that add significant value 80

Investment

0.27% effective tax rate ($2,881/yr) - very low tax burden 92

27% renter population - primarily owner-occupied area 62

Quality

Condition

Listing

35 photos provided - below the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.