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$385,000
Magnetawan
788 Bothams Road, Magnetawan (Spence), Ontario, P0A1P0
This 3-bedroom, 1-bathroom home in Magnetawan is for sale. Its $385,000 asking price sits right in line with the $399,900 median in Magnetawan.
Set on 46 private acres in the heart of the Magnetawan area, this 3-bedroom bungalow is the perfect year-round escape for outdoor enthusiasts,hunters, and nature lovers alike. Surrounded by mature forest and abundant wildlife, this property offers exceptional privacy and endless opportunities to explore. Magnetawan and the Almaguin Highlands are well known for their incredible fishing, hunting, trails, and natural beauty, with countless lakes, rivers, and crown land nearby. The home features a spacious new laundry room, fully insulated attic for improved efficiency, a newer septic system, wood stove and electric baseboard heating for year-round comfort, plus generator hookup capability for added peace of mind. A detached garage provides excellent storage for vehicles, ATVs, tools, and recreational gear. Located just minutes from 5 lakes offering fantastic fishing, boating, and outdoor recreation, this property is a true northern retreat while still being accessible year-round. Whether you're looking for a full-time residence, hunting camp, or weekend getaway, this one checks all the boxes. Experience the quiet beauty, wildlife, and endless adventure that Magnetawan has to offer. Updates since September 2024 . New Septic, New Septic Vent, New Bathroom Vent, Insulated attic, Framed in Crawl Space and Insulated, Installed Laundry Room, Updated some Plumbing, New Chicken Coop, New Water Particulate Filter 2025. (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: 118 days on market, against an average age of 104 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 3-bed single family in Magnetawan (Spence) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $385,000, about 5.7× the local median household income of $68,000.
Carrying it typically needs a household income of about $75,204 (20% down, 25-yr amortization, stress-tested) — roughly 11% 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