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$469,000
Magnetawan
109 Black Bear Road, Magnetawan, Ontario, P0A1P0
This 2-bedroom, 1-bathroom home in Magnetawan is for sale offering roughly 350 sq ft of space. Listed at $469,000, it is attractively priced about 33% below the $699,000 median asking price in Magnetawan. It has been on the market 89 days, fresher than the Magnetawan average of 92 days.
Build the waterfront cottage you've always imagined on one of the area's most desirable lake systems. Offering approximately 230 feet of shoreline on beautiful Lake Cecebe, this property presents an exceptional opportunity to start fresh and create a custom retreat tailored to your vision. The existing cottage is being sold in "as-is" condition, making this an ideal opportunity for those looking to redevelop and build new on a spectacular waterfront lot. Surrounded by mature trees and stunning natural scenery, the property provides an incredible canvas for a future cottage. Lake Cecebe is part of the largest lake system in the Parry Sound District, offering access to over 40 miles of boating through a connected chain of lakes. Whether you're boating, fishing, swimming, or exploring the area's countless bays and shorelines, the recreational opportunities are exceptional. Located just minutes from the charming village of Magnetawan, you can enjoy local restaurants, marinas, community events, and the relaxed pace of one of Ontario's most beloved cottage communities. Outdoor enthusiasts will also appreciate the property's close proximity to OFSC Snowmobile Trail 711, providing outstanding winter recreation right from the area. Rarely do opportunities arise to secure this amount of waterfront on one of the region's premier lake systems. Bring your vision and unlock the full potential of this outstanding Lake Cecebe proper (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 89 days on market, against an average age of 92 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 2-bed single family in Magnetawan has been listed for 89 days, which is 3 days fresher than the city average of 92. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $469,000, about 6.9× the local median household income of $68,000.
Carrying it typically needs a household income of about $91,612 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0A)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice