175 OLD MAN'S LAKE LANE, Magnetawan (Spence)
$1,420,000
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 5 bedrooms, 3 bathrooms
- Living area
- 3,000 sqft
- MLS®
- MLS® X13645864
- Neighbourhood
- Spence
Visit the REALTOR website for further information about this Listing. Paradise Found! Set in a serene and private location on the shores of Old Mans Lake, this exceptional property offers 348 feet of pristine lake frontage on over 8 acres of land. The gently sloping lot leads to the water's edge, providing plenty of usable space and direct access to a good-sized lake ideal for all types of water activities, from boating and swimming to snowmobiling in the winter. Both summer and winter fishing are enjoyed here, making it a true year-round retreat. Inside, the primary suite features a luxurious ensuite with an Ultra Thermo-Masseur massage bath for the ultimate in relaxation. The lower level offers a spacious recreation room complete with a large plasma TV and a cozy wood stove, perfect for family gatherings or movie nights. A convenient kitchenette with a sink, small fridge, and microwave makes this level a great candidate for a guest suite, especially with its separate entrance. Comfort is assured year-round with an upgraded geothermal system, delivering efficient heating in the winter and cooling in the summer, complemented by additional infrared heating on the lower level. Turn-key summer rental with excellent income potential. Making it move-in ready Whether you're looking for a peaceful family getaway, a recreational paradise, this stunning lakefront estate truly has it all.
Sold data
Homes in Magnetawan (Spence) — recent sold market
Homes in Magnetawan (Spence) took a median of 30 days to sell over the last 365 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 80, across 40 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 78 days.
The median sale price was $414,000.
Homes sold for about 4.3% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 25% of sellers reduced their price before finding a buyer.
- Median days to sell
- 30
- Median sale price
- $414,000
- Sale-to-list ratio
- 95.7%
- Sold above asking
- 13%
Based on 40 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Magnetawan (Spence)
Magnetawan (Spence) has 1 Fraser Institute–rated school (1 elementary).
- Rated schools
- 1
- Elementary
- 1
Top-rated schools in Magnetawan (Spence)
- Magnetawan Central PS — elementary, MagnetawanFraser rating 4.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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