Was listed for:Suspended Sep 15, 2026
$559,000

548 Silver Lake Road

Magnetawan (Spence), ON P0A 1P0

Detached House SuspendedNot available

Property not available for sale or for rent.

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Sale & Price History for 548 Silver Lake Road, Magnetawan, Spence

2026-08-11
2026-09-15
Suspended
Price
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MLS#
x13660924

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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 548 Silver Lake Road, Magnetawan, Spence

Summarized Description

  • Stunning waterfront views with western exposure.
  • Bright open-concept kitchen and living area.
  • Inviting Muskoka room for outdoor comfort.
  • Wraparound deck ideal for entertaining.
  • Private dock and sandy shoreline for recreation.
  • Separate bunkie for additional guest accommodations.
  • Well-maintained property showcasing pride of ownership.
  • Perfect escape for families in cottage country.

Welcome to Silver Lake Cabin in beautiful Magnetawan where classic cottage charm meets comfort and stunning waterfront views. Perched overlooking the lake, this inviting 3-bed1 bath seasonal cottage captures beautiful long-water vistas and prized western exposure offering the perfect escape for families looking to enjoy the best of cottage country.Designed for easy gathering and relaxed living, the bright open-concept kitchen, dining, and living area is filled with natural light and showcases picturesque views of the lake beyond. The inviting Muskoka room provides a peaceful space to enjoy the outdoors in comfort, whether you're sipping your morning coffee, sharing an evening conversation, or simply taking in the sights and sounds of the lake. The spacious primary bedroom also enjoys tranquil water views, creating the perfect place to unwind after a day outdoors. Step outside to the wraparound deck, offering plenty of room for outdoor dining, entertaining, or simply relaxing in the fresh air. A gentle path leads to the waterfront where a lakeside deck, private dock, and hard-packed sandy shoreline create an ideal setting for swimming, boating, fishing, and endless summer fun. The gradual approach to the water makes it easy for family and guests of all ages to enjoy the shoreline. The property is well-equipped for hosting family and friends, with a separate bunkie providing additional accommodations for overnight guests. A storage shed attached to the bunkie, as well as a detached garage offer excellent space for water toys, recreational equipment, and all the essentials of cottage life. Lovingly maintained over the years, this property demonstrates pride of ownership throughout.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,454
Land Transfer Tax Fee
$7,655

Rental Items

Rental Equipment
n/a
Under Contract
None

Basement Type
Crawl Space

Interior Features

Interior Extras
Water Heater Owned
View
Lake, Forest
Fireplace/Stove
Yes
Fireplace Features
Propane
Elevator
No

Exterior Features

Pool
None
Other Structures
Out Buildings, Sauna

Building

Building Type
Detached
Building Style
Bungalow

Construction

Exterior Finish
Vinyl Siding
Roof
Metal, Asphalt Shingle
Foundation Details
Piers
Special Designation
Unknown

Lot

Lot Front
102.66 ft
Lot Depth
300.18 ft
Lot Size
0.72

Inclusions

Inclusions
See attachment

Exclusions

Exclusions
See attachment

Parking & Garages

Garage Type
Detached
Garage Spaces
1
Parking Spaces
12
Total Garage And Parking Spaces
13

Heating & Cooling

Heat Source
Electric
Heat Type
Baseboard
Air Conditioning
Window Unit(s)
Water
Other
Sewers
Holding Tank
Hydro
Yes

Bedrooms
3
Washrooms
1
Kitchens
1

Room sizes

  • Bedroom 3—
    Main level
  • Bedroom 2—
    Main level
  • Kitchen—
    Main level
  • Other—
    Main level
  • Bedroom 3—
    Main level
  • Primary Bedroom—
    Main level
  • Living Room—
    Main level

Washrooms

  • 3-piece

Municipality
Magnetawan
Neighbourhood
Spence
Main cross streets
15/16TH SIDE ROAD AND SILVER LAKE ROAD
Directions
HWY 124 TURN ONTO AHMIC LAKE ROAD. RIGHT ON 15/16TH SIDE ROAD TO SILVER LAKE ROAD.
Waterfront
Direct

MLS® number
X13660924
Data source
Toronto Regional Real Estate Board
Status change
2026-09-15
Listed on
2026-08-11
Days on market
35 days
Possession type
Flexible
Co-op commission
2.5%
Seller
Listed by
KELLER WILLIAMS EXPERIENCE REALTY

Home Market Value

Current home valuation for 548 Silver Lake Road, Magnetawan, Spence, Magnetawan, ON. Listed for $559,000

HOMEH Estimate

?

$475,718

Estimated Sales Range

?

$375,817 - $575,619

HOMEH Estimate for 548 Silver Lake Road, Magnetawan, Spence

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

$475,718Medium confidence
Based on 3 comparable properties
+ $83,282 (18%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

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Magnetawan, ON
Minimum Down Payment Required:5.5%

5% on first $500K + 10% on $59,000 over $500K

Minimum down payment

$30,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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+CMHC insurance
$21,108$15,596$13,304$0
=Total mortgage
$548,804$518,696$488,454$447,200
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Payment frequency
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$2,680monthly$2,533monthly$2,385monthly$2,183monthly
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Land Transfer Tax

Provincial

$7,655

Total Land Transfer Tax

$7,655

Around this home

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