1040 7TH HEAVEN Lane, Bracebridge, ON P1L 1X2
Bracebridge, ON P1L 1X2
Quick cost estimateKnown monthly subtotal$19,697.13 / monthLand transfer tax $83,850One-time estimate
Quick cost estimate
$19,697.13 / monthKnown monthly subtotal
- Mortgage principal & interest
- $18,122.81
- Property tax / month
- $1,574.32
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $83,850
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $83,850
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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About this home
Timeless craftsmanship meets modern luxury in this meticulously curated 3,703 sq. ft. True North log estate, showcasing over $1 million in sophisticated recent upgrades. This exceptional 4-bedroom, 3-bath waterfront lake house has a detached two-car garage with ample space for parking, storage, and recreational equipment. The cottage is set on a level lot with sought-after southern exposure and an expansive 80-foot sandy beach. The home is beautifully appointed with traditional upscale Muskoka-style décor, blending timeless elegance with relaxed lakeside comfort. The 4-bedroom cottage features hickory flooring, a wine room, floor to ceiling propane burning fireplace, a kitchen designed for entertainment and a private lakeside primary retreat with walk-out access to the waterfront. Upstairs, the large loft area creates an inviting family gathering space, surrounded by 3 additional bedrooms. Ideally located only minutes from the heart of Bracebridge, this property offers effortless access to charming boutiques, local restaurants, healthcare services, and everyday conveniences. Step onto your dock and explore Muskoka's celebrated Big Three Lakes, where endless boating, championship golf, waterfront dining, and some of the region's most sought-after destinations await. Outside, the professionally designed grounds are equally impressive, featuring stunning granite landscaping, multiple outdoor entertaining areas, a lakeside sauna, a hot tub, and beautifully integrated natural stone that enhances the property's timeless appeal. More than a cottage, this is a legacy property designed for effortless enjoyment. Whether it's peaceful mornings on the sandy beach, afternoons exploring the lakes, or unforgettable evenings watching the sunset over the water, this extraordinary estate offers the quintessential Lake Muskoka lifestyle-where natural beauty and refined luxury come together to create memories for generations.
Home details
- Days on market
- Not reported
- Property type
- Detached
- MLS® number
- X13585038
- Source status
- New
- Bedrooms
- 4
- Bathrooms
- 4
- Postal code
- P1L 1X2
- Kitchens
- 1
- Kitchens above grade
- 1
- Family room / den
- Yes
- Interior size (reported range)
- 3500-5000
- Lot size
- .50-1.99 acres (reported range)
- Lot depth
- 328 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- 8
- Occupancy
- Owner
- Possession type
- Flexible
- Garage
- Detached
- Annual property tax
- 18891.84
- Basement
- None
- Interior features
- Water Treatment, Water Heater Owned, Generator - Full, In-Law Suite, Central Vacuum, Primary Bedroom - Main Floor, Water Purifier
- Exterior features
- Hot Tub, Year Round Living
- Architectural style
- 2-Storey
- Parking features
- Private Double
- Pool features
- None
- Fireplace
- Yes
- Waterfront
- Yes
- Elevator
- No
- Garage available
- Yes
- Heating system
- Forced Air
- Heating fuel
- Electric
- Cooling
- Wall Unit(s)
- Water source
- Drilled Well
- Sewer
- Septic
- View
- Beach, Lake
- Direction facing
- South
- Construction materials
- Log
- Roof
- Asphalt Rolled
- Foundation
- Slab
- MLS entry age (not confirmed DOM)
- 109 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Water source
- Drilled Well
- Sewer
- Septic
- Heating system
- Forced Air
- Heating fuel
- Electric
- Cooling
- Wall Unit(s)
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
Loading source-reported room dimensions…
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
- Bedrooms above grade
- 4
- Rooms above grade
- 16
- Rooms below grade
- 0
- Total rooms (source)
- 16
- Den / family room reported
- Yes
Reported counts are shown independently. Room dimensions have not been inferred from these counts.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $3,895,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Map and neighbourhood
- Region / county
- MUSKOKA
- Municipality
- BRACEBRIDGE
- MLS® community
- Muskoka (N)
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Around this property
Schools, transit & everyday places
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Nearby schools
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Transit near this property
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Nearby shops & amenities
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Similar homes for sale in Bracebridge
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
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How should I use the monthly cost estimate?
It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
1040 7TH HEAVEN Lane, Bracebridge, ON P1L 1X2, Bracebridge is listed for sale as a Detached. The listing reports 4 bedrooms, 4 bathrooms, reported interior area of 3500-5000 (units not reported), kitchens reported as 1, parking spaces reported as 8, lot size reported as .50-1.99 acres (reported range). Asking price: $3,895,000. Occupancy is reported as Owner. Review the Home details, room measurements and utility sections below to compare reported specifications; confirm important details with the listing brokerage. MLS® X13585038.
Local context
Explore the area: Bracebridge · Muskoka (N).
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: Royal LePage Lakes Of Muskoka - Clarke Muskoka Realty. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13585038. Information deemed reliable but not guaranteed.