Property
Property
Current Properties for Sale in Magnetawan
Magnetawan currently has 31 property listings on the M.L.S.® from the Lakelands real estate board. January is usually a low listing month so it's not surprising the numbers are so low. In the peak summer months there is often well over 100 properties on the market with about half being waterfront.
Of the 31 Magnetawan listings, 12 are waterfront properties ranging in price from $415,000 for a vacant lot on Lake Cecebe to $1,599,000 for a year round cottage or home on Neighick (Beaver) Lake.
The 19 non-waterfront properties range in price from $49,000 for a vacant lot near Whalley Lake to $995,000 for a residential / commercial property on Highway #124 just west of town.
Sales of both cottages and homes in Magnetawan were at a multi-year low in 2023 with only 35 transactions, 18 of which were waterfront. For reference, this is about half the cottage sales compared to the last few years. Prior to the covid frenzy about 20-25 lakefront properties sold each year with the majority being on Lake Cecebe followed by Ahmic Lake, Horn Lake and Neighick Lake. The smaller waterways like Crawford, Whalley and Midlothian lakes are a small percentage of overall market. The graphs below show sales and median prices for all Magnetawan real estate sold in the last 5 years in all price ranges.
Magnetawan Real Estate Sales
Magnetawan Real Estate Median Prices
As a rule Ahmic Lake cottages have the greatest demand with Horn Lake being close behind. Listings on these two lake are traditionally low and good vacant lots are even harder to come by. Because of this supply/demand they command the highest price-per-waterfront-foot of any of Magnetawans lakes.
Many of the cottages we sell are exclusive listings that are not on the M.L.S. so if you can't find a property that ticks off your boxes just let us now, we may have options for you.
We live in Magnetawan and know the area very well, you can read about one of our Lake Cecebe adventures here. If you have any questions don't hesitate to ask, we would be happy to help!
