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City in Ontario

Houses for sale under $1M in Magnetawan

Looking for cheap houses for sale in Magnetawan? 58 homes in Magnetawan are listed for sale under $1M, which is 85% of everything for sale. Vacant lots are the largest group, and the most active neighbourhoods are Ahmic Harbour and Spence.

quiet community-oriented family-friendly

1,753 people lived in Magnetawan at the 2021 Census, in 820 households. 88% of households owned their home and 13% rented. The most common homes were single-detached houses (96%) and low-rise apartments (2%). 46% of homes were built before 1981, and 6% since 2011. 91% of commuters went to work by car and 0% by public transit.

Population of 1,390 residents Two parks available One school in the area No rental properties listed

Magnetawan, Ontario

Houses for Sale in Magnetawan Under $1M

What it costsAffordability

Median asking price

$442,450

38% below Ontario

In Magnetawan

$442,450

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

$1,540

Per square foot

On the marketMarket snapshot

For sale

Median $442,450

Houses 68

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable compared to provincial median
Low population density for more space

Keep in mind

No rental options currently available
Limited public transit services

The feel of the placeLifestyle

Daily life in Magnetawan is calm and community-focused, ideal for those seeking tranquility.

Great for first-time buyers families retirees

Within the boundaryWhat's nearby

The boundary

575.3 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Gyms

Counted across all 575.3 km² of Magnetawan. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

Elementary

Magnetawan Central PS
Public · Near North DSB
Not rated
Magnetawan Central Public School
Public · Grades JK–8 · Near North DSB
Not rated
80 students

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Magnetawan, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

1,753

Population (2021)

526.3 km²

Area

People per km²

58.8

Median age

$65,331

Median income

88%

Own their home

2.1

People per household

820

Households

Every age

Children (under 15)9.9%
Working age (15–64)54.8%
Seniors (65+)35.2%

What is built here

Detached houses96.3%
Low-rise apartments1.8%

Own or rent

88%Owners

13%Renters

Across 820 households

When it was built

Mostly 1961–1980

1960 or earlier20%
1961–198026%
1981–199016%
1991–200012%
2001–20059%
2006–201012%
2011–20151%
2016–20214%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

6.9%
Born outside Canada: 13.8%
Hold a degree or higher: 37.2%
Employment rate: 0%
Commute by transit: 91.4%
Commute by car: 1.7
Children per family: $58,527
Median income after tax: $77,106
Average household income: 17.6%
Living on a low income: $761/mo
Renters pay, per month: $607/mo
Owners pay, per month: $485,590
Median home value at census: 17.4%
Renters spending 30%+ of income on housing: 14.6%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 3 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

Questions, answered

Common questions about houses for sale under $1M in Magnetawan

How many homes in Magnetawan sell for under $1M?

58 homes in Magnetawan are listed for sale under $1M today, 85% of the 68 homes for sale. Their median asking price is $389,450.

All homes for sale in Magnetawan

What kind of home can I buy in Magnetawan for under $1M?

Under $1M, Magnetawan has vacant lots (28), detached houses (23) and multiplex (1) for sale. Most range from studios to 4 bedrooms.

Land for sale in Magnetawan

Keep looking

More Homes for Sale in Magnetawan

68 homes are for sale in Magnetawan. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.

At a glance