548 SILVER LAKE ROAD, Magnetawan (Spence)

$559,000

For sale: Detached

Detached at 548 SILVER LAKE ROAD, Magnetawan (Spence)
Property type
Detached
Bedrooms / bathrooms
3 bedrooms, 1 bathroom
Living area
1,100 sqft
MLS®
MLS® X13660924
Neighbourhood
Spence

Welcome to Silver Lake Cabin in beautiful Magnetawan where classic cottage charm meets comfort and stunning waterfront views. Perched overlooking the lake, this inviting 3-bed1 bath seasonal cottage captures beautiful long-water vistas and prized western exposure offering the perfect escape for families looking to enjoy the best of cottage country.Designed for easy gathering and relaxed living, the bright open-concept kitchen, dining, and living area is filled with natural light and showcases picturesque views of the lake beyond. The inviting Muskoka room provides a peaceful space to enjoy the outdoors in comfort, whether you're sipping your morning coffee, sharing an evening conversation, or simply taking in the sights and sounds of the lake. The spacious primary bedroom also enjoys tranquil water views, creating the perfect place to unwind after a day outdoors. Step outside to the wraparound deck, offering plenty of room for outdoor dining, entertaining, or simply relaxing in the fresh air. A gentle path leads to the waterfront where a lakeside deck, private dock, and hard-packed sandy shoreline create an ideal setting for swimming, boating, fishing, and endless summer fun. The gradual approach to the water makes it easy for family and guests of all ages to enjoy the shoreline. The property is well-equipped for hosting family and friends, with a separate bunkie providing additional accommodations for overnight guests. A storage shed attached to the bunkie, as well as a detached garage offer excellent space for water toys, recreational equipment, and all the essentials of cottage life. Lovingly maintained over the years, this property demonstrates pride of ownership throughout.

Sold data

Detached homes in Magnetawan (Spence) — recent sold market

Detached homes in Magnetawan (Spence) took a median of 30 days to sell over the last 730 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 54, across 50 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 76 days.

The median sale price was $595,950.

Homes sold for about 4.7% below asking on average, so there was room to negotiate.

About 4% of sales closed above the list price.

Around 20% of sellers reduced their price before finding a buyer.

Median days to sell
30
Median sale price
$595,950
Sale-to-list ratio
95.3%
Sold above asking
4%

Based on 50 recorded sales in the last 2 years — 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 PSelementary, MagnetawanFraser rating 4.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 548 SILVER LAKE ROAD