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Coldwell Banker Summit Realty

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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 320 days

    5331 Hwy 124 Highway

    ·Magnetawan, ON··

    • 3 beds
    Magnetawan real estate›X12393052
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Waterfront Home with Income Potential. This spacious 3-bedroom, 2-bathroom Panabode home sits on 8.2 acres along the shores of beautiful Ahmic Lake, featuring a 3-bay garage. The large eat-in kitchen offers ample counter with cupboard storage, perfect for family gatherings. The living room boasts a cathedral ceiling and walkout to a lakefront deck. A mezzanine level provides space for a home office or studio. The entry foyer provides abundant storage which connects the home to the garage. The lower level features two additional bedrooms, two bathrooms, a shared kitchenette, all accessible via a separate entrance ideal for extended family, guests, or as a bed and breakfast for additional income. Enjoy this stunning property as your new lakefront family home.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    • This spacious 3-bedroom, 2-bathroom Panabode home sits on 8.2 acres along the shores of beautiful Ahmic Lake, featuring a 3-bay garage.
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Sep 8, 2025ListedCurrentFor sale$1,100,000 —X12393052This page
    Mar 26, 2025Previously listedExp$1,100,000 —X12046301View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      5
      Heating
      Radiant
      Air conditioning
      None
      Fireplaces
      1
      Water source
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 5331 Hwy 124 Highway
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $5,404
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $361
    0.39% mill rate · ON
    The market

    How this home sits in the Magnetawan market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Magnetawan market right now

    Average sold price, days on market, and closed-transaction count for Magnetawan — sourced from MLS®.

    • Avg sold price
      $708,909
      Last 30 days
    • Median sold price
      $430,000
      Middle of the market
    • Days on market
      42 d
      Avg from list to close
    • Closed last 30d
      11
      MLS® transactions
    Full Magnetawan market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 5331 Hwy 124 Highway — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 5331 Hwy 124 Highway and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 5331 Hwy 124 Highway listed for?

      5331 Hwy 124 Highway is listed at $1,100,000 on the MLS® (listing X12393052). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 5331 Hwy 124 Highway have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 4 baths
  2. 1500-2000 sqft
  3. Detached
  4. 5-9.99 ac lot
  5. Asking
    $1,100,000
    $0 / sqft · MLS® X12393052
    Chat Zara
  6. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $708,909
    $652,196Confidence range$765,622
    Asking vs estimate
    ↑↑well-above
    +$391,091
    (+55.2%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 3 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Magnetawan sell in about 42 days — this one has been listed 320 days.

    Avg sold price
    $708,909
    Median sold
    $430,000
    Avg days on market
    42
    Recently sold
    11
    See comparable sales
    Walk through online
    Listing agent has provided two interactive tours
    Open virtual tourWatch video tour
  7. The large eat-in kitchen offers ample counter with cupboard storage, perfect for family gatherings.
  8. The living room boasts a cathedral ceiling and walkout to a lakefront deck.
  9. A mezzanine level provides space for a home office or studio.
  10. Ask Zara a follow-up
    Well
    Sewer
    Septic
  11. Parking & garage

    4
    Garage
    Attached
    Garage spaces
    3
    Parking spaces
    11
    Driveway
    Private
  12. Interior

    4
    Basement
    Finished with Walk-Out
    Family room
    Y
    Kitchens
    1
    Total rooms
    18
  13. Exterior & construction

    5
    Exterior
    Wood
    Roof
    Asphalt Shingle
    Foundation
    Concrete Block
    Waterfront
    Y
    Pool
    Other, None
  14. Lot & land

    1
    Zoning
    RS & EP
  15. Listing & possession

    3
    Occupancy
    tbd
    Property style
    Log
    Property class
    Detached
  16. Room-by-room · 14 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    7 rooms
    • Dining Room
      12.8 × 10.9 ft
    • Bedroom
      14.2 × 13.9 ft
    • Bedroom 3
      11.3 × 14.6 ft
    • Kitchen
      12.8 × 12.9 ft
    • Foyer
      10.0 × 7.0 ft
    • Living Room
      cathedral ceiling(s) · balcony
      16.6 × 28.2 ft
    • Bedroom 2
      11.2 × 13.9 ft

    Upper level

    1 room
    • Loft
      16.9 × 22.9 ft

    Lower level

    6 rooms
    • Recreation
      W/O To Patio
      27.8 × 16.5 ft
    • Bedroom 4
      W/O To Patio
      16.3 × 11.0 ft
    • Utility Room
      23.0 × 10.5 ft
    • Laundry
      14.2 × 10.3 ft
    • Den
      9.9 × 6.6 ft
    • Bedroom 5
      10.9 × 11.9 ft
    Combined estimate
    $5,765
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $5,404
    /mo
    based on the purchase price of $1,100,000
    $220,000 cash
    $880,000 financed
    $741,191 total interest
    Monthly payment$5,404/ month
    Principal54%$880,000
    Interest46%$741,191

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Magnetawan

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 230 Baker Road
      Sold
      Sign in for price
      230 Baker Road
      Detached
    • 439A Baker Road
      Sold
      Sign in for price
      439A Baker Road
      Detached
    • 2650 Nipissing Road
      Sold
      Sign in for price
      2650 Nipissing Road
      Detached
    • 182 Woodland Lane
      Sold
      Sign in for price
      182 Woodland Lane
      Detached
    • 47 Neighick Lake Road
      Sold
      Sign in for price
      47 Neighick Lake Road
      Detached
    • 40 Jack and Verna's Lane
      Sold
      Sign in for price
      40 Jack and Verna's Lane
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    5331 Hwy 124 HighwayThis home3 / 415,002,000$1,100,000ask———
    230 Baker Road2 / 11,100—
    439A Baker Road3 / 1700—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Magnetawan

    Active listings within ±20% of this asking price.

    • 300 Wurm Road
      $1,224,900
      300 Wurm Road
      Detached 3 2
    • 286 Holden Road
      $1,149,900
      286 Holden Road
      Detached 2 3
    • 54 Dauncey Road
      $999,000
      54 Dauncey Road
      Detached 3 2
    • 3149 520 Highway
      $1,190,000
      3149 520 Highway
      Detached 3 2
    • 258 Lakeside Trail
      $1,124,900
      258 Lakeside Trail
      Detached 4 3
    • 326 CHIKOPI Road
      $999,000
      326 CHIKOPI Road
      Detached 4 3
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  17. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  18. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  19. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  20. Public listing courtesy of Corcoran Horizon Realty · displayed on Summitly per MLS® data-share rules

    5331 Hwy 124 Highway is a 3-bedroom, 4-bath, 1500-2000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  21. When was 5331 Hwy 124 Highway built?

    The year built for 5331 Hwy 124 Highway isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  22. What is the property tax for 5331 Hwy 124 Highway?

    The 'Property tax' tab in the History section shows the most recent annual tax for 5331 Hwy 124 Highway plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  23. How much would the monthly mortgage be on 5331 Hwy 124 Highway?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,100,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  24. Has 5331 Hwy 124 Highway been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 5331 Hwy 124 Highway with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  25. What neighbourhood is 5331 Hwy 124 Highway in?

    5331 Hwy 124 Highway is in Ahmic Harbour, Magnetawan. The 'Neighbourhood' section below links to the live Magnetawan real estate hub with average sold price, days on market, and current inventory.

  26. Is Magnetawan a good place to live?

    Magnetawan is one of ON's actively-tracked Summitly markets. The full Magnetawan real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  27. 2650 Nipissing Road
    2 / 1
    700
    —
    182 Woodland Lane3 / 21,500—
    47 Neighick Lake Road3 / 11,100—
    40 Jack and Verna's Lane2 / 1700—