2442 HIGHWAY 520 N/A, Magnetawan, ON P0A 1C0
For Sale
433 days on Market
MLS® X12031542
1 / 20
Overview
Active
An incredible opportunity awaits on the shores of Lake Cecebe! This versatile property offers a blend of residential comfort and commercial potential, making it an ideal investment for entrepreneurs, multi-family buyers, or those looking to create a thriving campground or cottage rental business. The 4-bedroom, 2-bath main home, set on just under 2 acres, features a separate entrance and an unspoiled basement currently used as a workshop. While the home requires some TLC, its spacious layout and prime location offer endless possibilities. The real highlight is the property's zoning approval for up to six cabins and multiple tent and trailer sites, complemented by two drilled wells, two septic systems, and 10 water hookups previously used for trailer connections. A private beach, dock, and direct lake frontage provide excellent swimming, boating, and fishing access, with over 40 miles of waterways to explore. Whether catering to fishing and ice fishing enthusiasts, ATV and snowmobile riders, or summer vacationers, the possibilities here are endless. Adding even more value, an additional lakefront lot across Highway 520 is included, enhancing your waterfront footprint. With convenient access from Hwy 11 and located in the picturesque Almaguin Highlands, this is a rare chance to own a prime waterfront investment just north of Muskoka.
Bedrooms
4
Bathrooms
2.0
Area
1,750 sqft
Lot Size
1.4 acres
Type
Detached
Property Details
Year Built1951
CityMagnetawan
Postal CodeP0A1C0
Lot Dimensions272.25 × 226.19 ft
Parking10 spaces
Interior Features
Heat: Other
Heat Source: Propane
Cooling: None
Style: 2-Storey
Exterior & Land
Sewer: Septic
Construction: Vinyl Siding
Roof: Shingles
Utilities & Services
Heat SourcePropane
SewerSeptic
2442 HIGHWAY 520 N/A, Magnetawan, ON P0A 1C0
Purchase Calculator
$850,000.00
$178,500.00
⚙️ Rate
Your mortgage interest rate can either be Fixed for the term or Variable.
4.70%
🧾 Amortization
30 years
Scenario Options
First-time Buyer
Newly Built
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🏠 Home Expenses
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100%
$400.00
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Total Monthly Cost
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Rental income
- Monthly Mortgage$0.00
- Home Expenses$0.00
- Other Expenses$0.00
- Rental Income$0.00
Mortgage Amount
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Closing Costs
$0.00
Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
Balance end of Term$0.00
Effective Amortization30 Years
Property Location
2442 HIGHWAY 520 N/A, Magnetawan, ON P0A 1C0
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