
548 Silver Lake Road
Magnetawan (Spence), ON P0A 1P0
- 3Bedrooms
- 1Bathroom
- 1Garage
- 700–1100Sq Ft
- $2,454Tax
- 103×300 ftLot Size
- Estimated Value:$475,718See Free Estimate Report

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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 548 Silver Lake Road, Magnetawan, Spence
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-08-11 | 2026-09-15 | Login to See Prices | Suspended | x13660924 |
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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.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $59,000 over $500K
$30,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $21,108 | $15,596 | $13,304 | $0 |
=Total mortgage | $548,804 | $518,696 | $488,454 | $447,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,680monthly | $2,533monthly | $2,385monthly | $2,183monthly |
Land Transfer Tax
$7,655
$7,655
Around this home
No schools found nearby
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