594 Silver Lake Road
Magnetawan (Spence), ON P0A 1P0
- 2Bedrooms
- 1Bathroom
- 4Garage
- 700–1100Sq Ft
- $1,677Tax
- 90 ftLot frontage
Estimated Value:$512,500See Free Estimate Report
Property not available for sale or for rent.
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 594 Silver Lake Road, Magnetawan, Spence
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-07-30 | 2025-09-17 | Login to See Prices | Sold | x12316084 |
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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 594 Silver Lake Road, Magnetawan, Spence
Discover this beautifully renovated, move-in ready 2 bedroom cottage, effortlessly convertible back to original 3 bedroom layout. Upgrades include new kitchen, flooring, free standing propane stove (ecobee thermostat), steel roof, new windows, spray foam insulation, electrical update. Generlink hookup for generator preparedness, bbq propane direct hookup, recent pillars and footings, plumbing heat trace line, UV water system and hot water tank. Situated on a picturesque lot (approx 1 acre) with a beach and a safe shallow waterfront -perfect for families and young children. Enhancing your cottage experience are the outdoor amenities, including a spacious bunkie (approx 12"x16") with custom bunk beds, an outdoor privy, and an invigorating outdoor shower.The expansive deck (13'9x21'9)complete with canopy, provides a delightful setting for lounging, outside dining, or simply soaking up the surrounding nature.Two additional storage sheds provide plenty of room for all your outdoor gear and toys. Enjoy the serenity, comfort, and thoughtful touches that set this cottage apart. Truly, a must see property to fully appreciate all it has to offer! Annual road fees $200.00.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $1,677
- Land Transfer Tax Fee
- $8,415
Rental Items
- Rental Equipment
- propane tanks 2-420 lb tanks $50.00 per tank = $100+HST per yer - May-May
- Under Contract
- Propane Tank
- Basement Type
- None
Interior Features
- Interior Extras
- Primary Bedroom - Main Floor, Water Heater Owned
- View
- Lake
- Fireplace/Stove
- Yes
- Fireplace Features
- Propane
- Elevator
- No
Exterior Features
- Exterior Extras
- Deck, Canopy, Lighting, Seasonal Living, Landscape Lighting
- Pool
- None
- Property Features
- Beach, Clear View, Level, Waterfront, Wooded/Treed
- Other Structures
- Gazebo, Garden Shed, Out Buildings
Building
- Building Type
- Detached
- Building Style
- Bungalow
- Approx Age
- 31-50
Construction
- Exterior Finish
- Vinyl Siding
- Roof
- Metal
- Foundation Details
- Piers
- Special Designation
- Unknown
Lot
- Lot Front
- 90.00 ft
- Lot Depth
- 0.00 ft
- Lot Size
- 0.8
- Lot Shape
- Rectangular
Inclusions
- Inclusions
- stove, hood fan, fridge, microwave, shed fridge, portable air conditioner, generator, bbq, living room couch, end tables, lamps, some chairs, bar stools, beds, matresses, dressers, kitchen table, kitchen chairs, storage cupboards, bunkie bunk beds and dressers, patio table, planters, canoe
Exclusions
- Exclusions
- one living room recliner, bar fridge, bar lamp, maple leaf dispenser, ikea chairs, pictures, living room mirror, bar signs, gazebo signs, freezer, gazebo furniture, Adirondack chairs, chair and flower box by dock, lawn mower- most shed contents.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 4
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Propane
- Heat Type
- Forced Air
- Air Conditioning
- Other
- Water
- Other
- Sewers
- Holding Tank
- Natural Gas
- No
- Hydro
- Yes
- Cable
- No
- Telephone
- Yes
- Bedrooms
- 2
- Washrooms
- 1
- Kitchens
- 1
- Family / bonus room
- Yes
Room sizes
- Kitchen—Main level
- Bathroom—Main level, 4 Pc Bath
- Bedroom—Main level
- Primary Bedroom—Main level
- Recreation—Main level
- Living Room—Main level
Washrooms
- 3-piece, Main
- Municipality
- Magnetawan
- Neighbourhood
- Spence
- Main cross streets
- silver lake road/15th-16th sideroad
- Zoning
- seasonal residential
- Directions
- nipissing road to Ahmic Lake road, to 15th-16th sideroad s, to Silver Lake rd.
- Waterfront
- Direct
- MLS® number
- X12316084
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-09-17
- Listed on
- 2025-07-30
- Days on market
- 49 days
- Possession type
- Flexible
- Co-op commission
- 2.5%
- Seller
- Listed by
- Coldwell Banker Thompson Real Estate
Home Market Value
Current home valuation for 594 Silver Lake Road, Magnetawan, Spence, Magnetawan, ON. Listed for $597,000
HOMEH Estimate
$512,500
Estimated Sales Range
$404,875 - $620,125
HOMEH Estimate for 594 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 $97,000 over $500K
$34,700
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $22,471 | $16,656 | $14,209 | $0 |
=Total mortgage | $584,248 | $553,956 | $521,659 | $477,600 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,853monthly | $2,705monthly | $2,547monthly | $2,332monthly |
Land Transfer Tax
$8,415
$8,415
Around this home
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