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Lots & Land in Armour
About 166 Colbourne Road
Discover endless possibilities on this stunning 31-acre waterfront lot nestled in the picturesque village of Burk's Falls. With over 1,300 feet of frontage stretching along both Pickerel Lake and the Magnetawan River, this property offers a rare combination of serene natural beauty and remarkable potential. Located just 10 minutes from the town of Burk's Falls and a mere 2.5 hours from Toronto, the property is easily reached via a year-round municipal road. A gated entrance and driveway lead to a 24 x 22 two-story garage, complete with an outhouse and additional storage space. The eastern side of the property offers clean swimming from a dock overlooking Pickerel Lakes expansive views. Follow meandering trails through wetlands on the western side of the lot to discover secluded swimming spots along the shallow waters of the Magnetawan River, perfect for those seeking privacy and a closer connection with nature. Or explore the small stone house that was used in days past to store ice from the lake. For even more water activities, drop a kayak into Jacks Creek, which winds through the heart of the property and connects to both Pickerel Lake and the Magnetawan River. Whether you envision a year-round waterfront residence or an off-grid natural escape, this property delivers in every season. With easy access to essential amenities in Burks Falls, you can enjoy the best of both worlds: the tranquility of untouched wilderness and the convenience of nearby shops, restaurants, and services. Don't miss this extraordinary opportunity to own a piece of Northern Ontario paradise - your new lakeside sanctuary awaits!
Armour land priced at $499,900 — book a tour to see if it fits your search.Ask Zara a follow-up
Inside 166 Colbourne Rd
Every detail from the listing, in one place.
Type
Land
Features & systems
Parking & garage
Garage
Yes
Lot & land
Lot size (sqft)
31.67
Listing & possession
Property class
Vacant Land
166 Colbourne Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13619548$499,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 166 Colbourne Rd Compares to the Armour Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,456
/mo
based on the purchase price of $499,900
$99,980 cash
$399,920 financed
$336,838 total interest
Principal54%$399,920
Interest46%$336,838
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market61Homes sold in about 61 days on average.
Sale-to-list ratio91.0%On average, homes sold below asking.
Active listings56Homes for sale here right now.
Median vs prior 90 days+99.4%Compared with Apr 13 – Jul 12, 2026: prices up.
Based on 17 sales from Jul 12 – Oct 10, 2026 (11 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 166 Colbourne Rd
How much is 166 Colbourne Rd listed for?
166 Colbourne Rd is listed at $499,900 (MLS® X13619548). Summitly updates the price as soon as the MLS® record changes.
Has the price of 166 Colbourne Rd changed?
No — 166 Colbourne Rd is still listed at its original asking price of $499,900.
How many bedrooms and bathrooms does 166 Colbourne Rd have?
The listing for 166 Colbourne Rd doesn't publish its bedroom and bathroom count. It is a lot in Armour.
How much would the monthly mortgage be on 166 Colbourne Rd?
About $2,456 a month — principal and interest on $499,900 with 20% down ($99,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 166 Colbourne Rd compare with other homes in Armour?
Its asking price of $499,900 is about 20% below the median sold price in Armour over the last 90 days, $628,000, across 17 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 166 Colbourne Rd been sold before?
Summitly has no earlier MLS® sale or lease of 166 Colbourne Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 166 Colbourne Rd?
166 Colbourne Rd is in Armour, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 166 Colbourne Rd been on the market?
72 days — 166 Colbourne Rd was listed on July 30, 2026.
Does 166 Colbourne Rd have parking or a garage?
Garage: Yes.
What is the lot size of 166 Colbourne Rd?
The lot is 37.495 acres, as published in the listing.
What is the land transfer tax on 166 Colbourne Rd?
About $6,473 in Ontario land transfer tax at the asking price of $499,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 166 Colbourne Rd or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
