Real Estate for Sale in Spence, Magnetawan, ON
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Neighbourhood in Magnetawan
Spence
Spence is a quiet neighbourhood in Magnetawan, Ontario. It offers a peaceful lifestyle with a mix of older and newer homes.
Magnetawan, Ontario
© Mapbox © OpenStreetMap
At a glance
Listed 4 days ago
1665 Nelson Lake Road
Magnetawan (Spence), ON P0A 1P0
Rural ResidentialFor Sale
Listed 17 days ago
134 Johnston Road
Magnetawan (Spence), ON P0A 1P0
DetachedFor Sale
Listed Aug 6, 2026
175 Old Man's Lake Lane
Magnetawan (Spence), ON P0A 1P0
DetachedFor Sale
Listed Jul 9, 2026
788 Bothams Road
Magnetawan (Spence), ON P0A 1P0
DetachedFor Sale
What it costsAffordability
Median asking price
$379,950
In Spence
$379,950
In Magnetawan
$442,450
In Ontario
$715,000
Median monthly rent
In Ontario
$2,500
On the marketMarket snapshot
For sale
6
Median $379,950
Houses 6
For rent
0
Recently sold
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Recently leased
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Market data as of 2026-10-15. 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 home prices compared to the city median
- Strong sense of community
- Low population density for more space
- High home ownership rate
Keep in mind
- Limited amenities and services
- No public transit options available
- Higher unemployment rate at 11.3%
The feel of the placeLifestyle
Daily life in Spence is calm and community-focused, ideal for those seeking tranquility. Residents enjoy a rural lifestyle with limited distractions.
Within the boundaryWhat's nearby
The boundary
192.2 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
1
Parks
Counted across all 192.2 km² of Spence. From OpenStreetMap, as of 2026-10-12.
The peopleWho lives here
1,133
Population (2021)
436.6 km²
Area
3
People per km²
59.8
Median age
$60,587
Median income
90%
Own their home
2.1
People per household
560
Households
Every age
- Children (under 15)9.2%
- Working age (15–64)53.9%
- Seniors (65+)36.8%
What is built here
- Detached houses95.4%
- Low-rise apartments2.8%
Own or rent
90%Owners
11%Renters
Across 560 households
When it was built
Mostly 1961–1980
- 1960 or earlier19%
- 1961–198029%
- 1981–199016%
- 1991–200010%
- 2001–200511%
- 2006–201012%
- 2011–20152%
- 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.
- 6.6%
- Born outside Canada
- 17.1%
- Hold a degree or higher
- 36.4%
- Employment rate
- 0%
- Commute by transit
- 88.5%
- Commute by car
- 1.6
- Children per family
- $55,751
- Median income after tax
- $70,597
- Average household income
- 18.3%
- Living on a low income
- $416/mo
- Renters pay, per month
- $609/mo
- Owners pay, per month
- $460,194
- Median home value at census
- 33.3%
- Renters spending 30%+ of income on housing
- 13.5%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 2 census areas around the listings we hold here. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, Photo: © Mapbox © OpenStreetMap