Homula Realty Brokerage
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175 Old Man's Lake Lane, Magnetawan, ON P0A 1P0

5 beds · 3 baths · 1+1 kitchens · 2+5 rooms · 10 parking spaces · 2500-3000 sq ft · Detached
$1,420,000
Property tax
$6,757 / year

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.

MLS number
X13645864
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
3
Postal code
P0A 1P0
Photos
50
36days · this listing
392days · this property (4 listings)

This home has been listed 4 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

392 days on the market across 4 listings
This listing shows 36 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this home is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 682 people.

$58,000Median household income
84.3%Own their home
94%Detached houses
61.6Median age
9.8%Born outside Canada
19.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490186 — the few blocks around this address, home to 682 people. It describes the area, not this property.

682Population
56.2Average age
2Household size
$70,000Average household income
$58,000Median household income
84%Own their home
16%Rent
0%Condominiums
10%Born outside Canada
20%University degree
$580,000Average home value
20%Low income
14%Never married
Under $5,0001%
$10,000 to $14,9993%
$15,000 to $19,9992%
$20,000 to $24,9993%
$25,000 to $29,9995%
$30,000 to $34,9995%
$35,000 to $39,9997%
$40,000 to $44,9993%
$45,000 to $49,9995%
$50,000 to $59,9995%
$60,000 to $69,9996%
$70,000 to $79,9993%
$80,000 to $89,9996%
$90,000 to $99,9993%
$100,000 and over21%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over3%

Percentages are of the 430 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$284,000 · minimum here is $117,000
$6,287.45per month
Borrowed before insurance$1,136,000
Total borrowed$1,136,000
Interest over 25 years at 4.5%$750,236

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$4,483.54per month out of pocket
Rent$2,367.00
Everything it costs to hold$6,850.54
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by EASY LIST REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.