$699,000

For sale

4031 Highway 520 Highway, Magnetawan - Single Family for Sale

4031 Highway 520 Highway, Magnetawan, Ontario, P0A1C0

3 beds2 baths10 parking1,300 ft²146 × 310 ft (1.03 acres) lot sizeListed 29 days ago

Overview

This 3-bedroom, 2-bathroom home in Magnetawan is for sale offering roughly 1,300 sq ft of space. Its $699,000 asking price sits right in line with the $699,000 median in Magnetawan. It has been on the market 29 days, fresher than the Magnetawan average of 92 days.

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Description

Enjoy the best of country living just minutes from the charming Village of Magnetawan. Set on approximately 1 acre of land and abutting approximately 2.7 acres of Crown land, this beautifully maintained 3-bedroom, 2-bathroom home offers space, privacy and a peaceful natural setting. The bright, open-concept design features cathedral ceilings and large windows that bring in an abundance of natural light. Step outside to an expansive deck and gazebo overlooking the spacious backyard, offering plenty of room to entertain, relax and enjoy the surroundings. A detached double-car garage with workshop, attached carport and additional storage shed provide excellent space for vehicles, recreational toys, hobbies and equipment. Protected wetlands and Crown land bordering the property create a beautiful natural backdrop and attract an abundance of wildlife. As an added bonus, deeded access to Lake Cecebe includes two docks: a 10' x 6' dock ideal for canoes and kayaks, and an 8' x 20' dock suitable for larger boats or a pontoon. Enjoy boating, fishing and exploring beautiful Lake Cecebe. With restaurants, cafes, seasonal events, farmers' market, marina and the welcoming community of Magnetawan less than five minutes away, this property offers a wonderful combination of space, nature, recreation and convenience. Be sure to check out the video! (id:66096)

Property Details

MLS®: X13865436
Property Type: Single Family
Zoning: RV & EP
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 10
Interior Size: 1,300 ft²
Lot Size: 146 × 310 ft (1.03 acres)
Frontage: 146 ft
Basement: Partially finished, N/A
Heating: Forced air, Propane
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 2.77 x 3.48 meters
Dining room: 2.54 x 4.8 meters
Living room: 5.31 x 1.41 meters

Upper Level

Bedroom 2: 3.48 x 2.72 meters
Bathroom: 2.74 x 1.5 meters
Bedroom 3: 4.57 x 2.87 meters

Lower level

Laundry room: 4.32 x 2.57 meters
Recreational, Games room: 4.17 x 8.74 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater
Foundation: Block
Exterior: Wood
Lot Features: Flat site, Gazebo

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Magnetawan listings, avg age

92d

Price / ft²

$538

List price

$699K

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.

Haho

This 3-bed single family in Magnetawan has been listed for 29 days, which is 63 days fresher than the city average of 92. Act while there is still low competition.

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Listed by RE/MAX Parry Sound Muskoka Realty Ltd · SHARON WILSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $699,000, about 10.3× the local median household income of $68,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 101% above the area median.

Median household income: $68,000
Population: 17,822
Median age: 56.8
Owner / renter: 87% / 13%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P0A)

$699,000· $538/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$206/mo

Total monthly$3,833

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$10,455

Est. closing costs$4,597

Total cash needed$59,952

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