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Lake Cecebe, Magnetawan Ontario

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.…

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Ahmic Lake, Magnetawan

Home & Cottage Sales Update for October 2023

In October 2023, residential non-waterfront sales in the Lakelands region, as reported through the MLS® System, totaled 307 units. This marked a decline of 16.3% compared to the same period in 2022 and was notably 40.6% below both the five-year and 10-year averages for October. Year-to-date figures for residential non-waterfront…

Lake Cecebe, Magnetawan Ontario

Latest Magnetawan Properties for Sale

Here's a list of the current properties for sale in the Magnetawan area. There are 47 in total including homes, cottages and vacant land. It includes waterfront on most of Magnetawans major lakes including Ahmic, Cecebe, Horn and Neighick as well as smaller ones like Whalley, Crawford and Poverty Bay.…

Horn Lake, Magnetawan

Magnetawan Properties for Sale | Fall 2023

Magnetawan, much like other areas in cottage country, has experienced a notable decline in real estate sales throughout the summer. Cottages, in particular, have witnessed a decrease in demand due to factors such as rising interest rates and a downturn in Ontario's economy. Many potential buyers are adopting a cautious…

Lake Cecebe, Magnetawan

Magnetawan Short Term Rentals – New By-Laws

The village of Magnetawan has recently implemented comprehensive by-laws addressing the increasingly popular trend of short-term rentals, marking a pivotal moment in the ongoing debate within our tight-knit community. With a commitment to maintaining a harmonious balance, the local council has engaged in extensive dialogues with residents to arrive at…

Magnetawan River

Magnetawan Real Estate | 2024 Outlook for Cottages & Homes

I approach this topic with a sense of humility and caution, fully aware that making predictions about the real estate market is often seen as a risky endeavor. I don't intend for my words to carry undue weight, as I've always been skeptical of such prognostications. However, I do believe…

Ahmic Lake, Magnetawan

Magnetawan Real Estate Update | September 2023

Like the rest of Parry Sound District, the Magnetawan area has experienced a significant slow down in real estate this year. Sales are down about 50% from covid-era levels for both homes and cottages with waterfront on smaller lakes feeling the most pain. Median prices are down but not significantly…

Lake Manitouwabing, Parry Sound area

Parry Sound Real Estate including Magnetawan | July 2023 Update

Let's take a closer look at what's happening in Parry Sound's real estate market, focusing on both residential and waterfront properties. In July 2023, the MLS® System painted a picture of 406 property sales, a notable increase of 24.9% from the same time in 2022. When it comes to regular…

365 North Pickerel Lake Rd

Burk’s Falls Waterfront Property for Sale – 365 North Pickerel Lake Road

M.L.S.®# 40469851 If you've ever dreamed about developing a riverfront property into a waterfront homestead then this might be exactly what you're looking for. With 175 picturesque acres and the Parry Sound River winding through it there are so many possibilites. There's about 50 cleared acres of fields & pasture…

Ahmic Lake cottage & boat house near Magnetawan

Magnetawan Real Estate | June 2023 Update

Last month, the MLS® System recorded 490 residential non-waterfront sales in the Lakelands region, marking an impressive 23.7% increase compared to June 2022. While residential non-waterfront sales fell short of the five-year average by 17.2% and the ten-year average by 20.8% for June, year-to-date sales of 2,284 units showed a…

Lake Manitouwabing, McKellar

Parry Sound Real Estate – June 2023 Update

The real estate market in the picturesque Parry Sound region displayed encouraging signs in June 2023. The following statistics are for the entire Lakelands Real Estate Board which includes the Parry Sound area. You can find their entire report for June 2023 here. Residential non-waterfront sales witnessed a noteworthy upswing…

Lake Manitouwabing cottage

Lake Manitouwabing Real Estate | Summer 2023

In the Parry Sound district, Lake Manitouwabing has always been one of the most popular lakes to purchase a cottage. Demand intensified during the pandemic and remains strong, particularly for year round lake homes as the "working from home" trend entrenched. Starlink has made high-speed internet challenges a thing of…

Lake Wahwashkesh, Parry Sound

Parry Sound Real Estate | Summer 2023

The Lakeland Real Estate Board recently released the May 2023 statistics, shedding light on the evolving dynamics of the local real estate market. As we closely monitor web traffic on our sites, it is evident that the number of property searches has significantly decreased compared to the peak of the…

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