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City in Ontario

Houses for sale under $1M in Muskoka Lakes

Looking for cheap houses for sale in Muskoka Lakes? 134 homes in Muskoka Lakes are listed for sale under $1M, which is 58% of everything for sale. Detached houses are the largest group, and the most active neighbourhoods are Medora and Watt.

scenic peaceful

7,652 people lived in Muskoka Lakes at the 2021 Census, in 3,515 households. 92% of households owned their home and 9% rented. The most common homes were single-detached houses (97%) and duplex apartments (1%). 56% of homes were built before 1981, and 8% since 2011. 94% of commuters went to work by car and 0% by public transit.

High walkability score: 10

Muskoka Lakes, Ontario

Houses for Sale in Muskoka Lakes Under $1M

Day to dayLivability

Walkability

out of 100 · averaged over 110 past and present listings

Average walk score reported on listings here

5.9

Schools near listings

out of 10 · averaged over 110 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$872,500

22% above Ontario

In Muskoka Lakes

$872,500

In Ontario

$716,900

Median monthly rent

$4,000/mo

60% above Ontario

In Muskoka Lakes

$4,000

In Ontario

$2,499

$743

Per square foot

≈ 18.2 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

230

Median $872,500

Houses 201 · Condos 29

For rent

Median $4,000

Houses 4

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

High walkability score
Diverse housing options available
Beautiful natural environment

Keep in mind

High median sale price
Limited rental options

The feel of the placeLifestyle

Daily life in Muskoka Lakes is relaxed, with access to nature. It is a peaceful place to live.

Great for nature lovers second-home buyers retirees

Within the boundaryWhat's nearby

The boundary

1,006.5 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Counted across all 1,006.5 km² of Muskoka Lakes. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.9/10

Average rating of the 1 rated school in this area

Elementary

Glen Orchard Public School
Public · Grades JK–8 · Trillium Lakelands DSB
5.9/104.8 over 5 yrs
1,664th of 3,045 Ontario elementary schools
225 students · EQAO 2024-2025
Watt PS
Public · Trillium Lakelands DSB
Not rated
Watt Public School
Public · Grades JK–8 · Trillium Lakelands DSB
Not rated
125 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Muskoka Lakes, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

7,652

Population (2021)

774.5 km²

Area

People per km²

56.5

Median age

$89,580

Median income

92%

Own their home

2.2

People per household

3,515

Households

Every age

Children (under 15)10.3%
Working age (15–64)58.3%
Seniors (65+)31.4%

What is built here

Detached houses97%
Duplexes1.4%
Low-rise apartments0.7%

Own or rent

92%Owners

9%Renters

Across 3,515 households

When it was built

Mostly 1961–1980

1960 or earlier28%
1961–198029%
1981–199014%
1991–200010%
2001–20055%
2006–20105%
2011–20155%
2016–20213%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

7.2%
Born outside Canada: 24%
Hold a degree or higher: 53.5%
Employment rate: 0%
Commute by transit: 94.4%
Commute by car: 1.7
Children per family: $77,586
Median income after tax: $150,828
Average household income: 9.7%
Living on a low income: $903/mo
Renters pay, per month: $1,042/mo
Owners pay, per month: $746,705
Median home value at census: 7.2%
Renters spending 30%+ of income on housing: 15.6%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 12 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

Questions, answered

Common questions about houses for sale under $1M in Muskoka Lakes

How many homes in Muskoka Lakes sell for under $1M?

134 homes in Muskoka Lakes are listed for sale under $1M today, 58% of the 230 homes for sale. Their median asking price is $599,000.

All homes for sale in Muskoka Lakes

What kind of home can I buy in Muskoka Lakes for under $1M?

Under $1M, Muskoka Lakes has detached houses (59), vacant lots (34) and condo apartments (15) for sale. Most range from studios to 5 bedrooms.

Houses for sale in Muskoka Lakes

Keep looking

More Homes for Sale in Muskoka Lakes

230 homes are for sale in Muskoka Lakes. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.

At a glance