Listed for:Listed Aug 6, 2026
$1,420,000

175 Old Man's Lake Lane

Magnetawan (Spence), ON P0A 1P0

Detached House For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 175 Old Man's Lake Lane, Magnetawan, Spence

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 175 Old Man's Lake Lane, Magnetawan, Spence

Summarized Description

  • Exceptional lakefront property with 348 feet of frontage
  • Spacious 8-acre lot ideal for various activities
  • Luxurious primary suite with massage bath
  • Year-round comfort with geothermal system
  • Turn-key rental with strong income potential
  • Separate entrance for guest suite convenience
  • Recreation room perfect for family gatherings

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$6,757
Land Transfer Tax Fee
$24,875

Basement Type
Separate Entrance

Interior Features

Interior Extras
Auto Garage Door Remote, Bar Fridge, Central Vacuum, Floor Drain, Guest Accommodations, In-Law Capability, Separate Heating Controls, Storage, Suspended Ceilings, Water Heater Owned
View
Creek/Stream, Garden, Lake, Skyline, Trees/Woods, Water
Security Features
Carbon Monoxide Detectors, Smoke Detector
Fireplace/Stove
Yes
Fireplace Features
Living Room, Wood Stove, Wood
Elevator
No

Exterior Features

Exterior Extras
Deck, Fishing, Landscaped, Lighting, Privacy, Porch, Recreational Area, Seasonal Living, Year Round Living
Pool
None
Property Features
Lake Access, Lake/Pond, River/Stream, Sloping, Waterfront, Wooded/Treed
Accessibility Features
Level Within Dwelling
Other Structures
Garden Shed

Building

Building Type
Detached
Building Style
2-Storey
Approx Age
16-30

Construction

Exterior Finish
Wood
Roof
Metal
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
348.00 ft
Lot Depth
847.00 ft

Inclusions

Inclusions
Being sold completely furnished

Parking & Garages

Garage Type
Attached
Garage Spaces
2
Parking Spaces
8
Total Garage And Parking Spaces
10

Heating & Cooling

Heat Source
Other
Heat Type
Heat Pump
Air Conditioning
Central Air
Water
Well
Sewers
Septic
Natural Gas
No
Hydro
Yes
Cable
No
Telephone
Available

Bedrooms
5
Washrooms
3
Kitchens
2
Family / bonus room
Yes

Washrooms

  • 4-piece, Main
  • 4-piece, Second
  • 3-piece, Basement

Municipality
Magnetawan
Neighbourhood
Spence
Main cross streets
Ahmic Lake Rd & Old Mans Lake Lane
Zoning
WF
Directions
Ahmic Lake Rd & Old Mans Lake Lane
Waterfront
Direct

MLS® number
X13645864
Data source
Toronto Regional Real Estate Board
Listed on
2026-08-06
Updated on
2026-10-17
Days on market
72 days
Possession type
Flexible
Co-op commission
2% Seller Direct; $2 Listing Brokerage
Seller
Listed by
EASY LIST REALTY LTD.

Home Market Value

Current home valuation for 175 Old Man's Lake Lane, Magnetawan, Spence, Magnetawan, ON. Listed for $1,420,000

HOMEH Estimate

?

$1,020,000

Estimated Sales Range

?

$612,000 - $1,432,450

HOMEH Estimate for 175 Old Man's Lake Lane, Magnetawan, Spence

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$1,020,000Low confidence
Based on 1 comparable property
+ $400,000 (39%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Magnetawan, ON
Minimum Down Payment Required:8.2%

5% on first $500K + 10% on $920,000 over $500K

Minimum down payment

$117,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$52,086$39,618$33,796$0
=Total mortgage
$1,354,226$1,317,618$1,240,796$1,136,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$6,612monthly$6,433monthly$6,058monthly$5,547monthly
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Land Transfer Tax

Provincial

$24,875

Total Land Transfer Tax

$24,875

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