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Real Estate

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Cottage of the Week: $4 million for a two-cottage compound on Little Lake Joseph

ADDRESS: 75 Old Portage Road

NEIGHBOURHOOD: Rosseau, Ontario

AGENT: Jamie Blair and Tom McDonald, Chestnut Park Real Estate Ltd., Brokerage and Richard Scully, Harvey Kalles Real Estate Ltd., Brokerage

PRICE: $3,995,000

THE PLACE: Situated on Little Lake Joseph, this Muskoka compound includes two individual cottages and a bunkhouse on the property.

BRAGGING RIGHTS: The cottage has the same rustic elegance as an ad for Ralph Lauren Home—the handy work of Lisa Stevens, head of Lisa Stevens and Co., a Distillery District interior design firm.

BIG SELLING POINT: The compound is made for a large family to share, with seven bedrooms split over three separate sleeping areas.

POSSIBLE DEAL BREAKER: If you and your siblings are the type to squabble over splitting the check, going in on a multimillion-dollar property is probably not in your best interests.

BY THE NUMBERS:
$3,995,000
$20,519 in 2010 taxes
728 feet of shoreline
7 total bedrooms
• 5 total bathrooms
5.5 acres of land
• 2 cottages
1 tennis court
1 boathouse
• 1 bunkhouse