5403A Highway 124 Hwy is a 2-bedroom, 1-bathroom detached home in Magnetawan, listed for $999,000. It has 700-1100 sq ft of living space.
1Exceptional Waterfront Acreage on Ahmic Lake & Magnetawan River.
2This rare, high-income potential property features over 600 ft of pristine shoreline on 15 acres of partially cleared land with sweeping scenic views.
3Incredible versatility with two separate residential homes, a large traditional barn, and a massive commercial-zoned workshop/garage.
WOW! Exceptional Waterfront Acreage on Ahmic Lake & Magnetawan River. This rare, high-income potential property features over 600 ft of pristine shoreline on 15 acres of partially cleared land with sweeping scenic views. Incredible versatility with two separate residential homes, a large traditional barn, and a massive commercial-zoned workshop/garage. Unmatched residential, recreational, or business potential in the heart of Ahmic Harbour. Don't miss this one-of-a-kind package! Ideally situated near Knoepfli Falls and the picturesque outflow from Ahmic Lake into the Magnetawan River, the setting is truly remarkable. Zoning includes a mix of Shoreline Residential, Environmental Protection, Farm, and Commercial. Tilson Creek Rd., is an easement road maintained by the municipality, ensuring reliable year-round access. The land has been held in the Tilson family since being granted by Queen Victoria in 1886, adding historical significance to this unique property. Summers on the lake are outstanding, with calm, clear waters perfect for canoeing, kayaking, paddleboarding, and fishing. Boaters will appreciate over 70 km of navigable waterways through the Magnetawan Locks system leading to Burk's Falls. Anmic Lake stretches approximately 19 km and connects to Neighick and Crawford Lakes via marked navigation channels. The broader Magnetawan region is cherished for its natural beauty-parks, beaches, scenic lookouts, waterfalls, historic locks, recreational facilities, hiking trails, and the Heritage Centre Museum. Residents and visitors enjoy true four-season living, including fishing, hunting, snowmobiling, boating, and swimming. The Municipality of Magnetawan is conveniently located about 45 minutes from Parry Sound, Huntsville, and North Bay. A rare opportunity to own a versatile and scenic waterfront estate in one of Northern Ontario's most sought-after lake communities.
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $1,427 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 5403A Highway 124 Hwy
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
700-1100 sq ftas stated on the listing
Parking
28 spacesYes garage
Basement
Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
28
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
14.88
Listing & possession
Property style
2-Storey
Property class
Detached
5403A Highway 124 Hwy Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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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
$4,908
/mo
based on the purchase price of $999,000
$199,800 cash
$799,200 financed
$673,136 total interest
Principal54%$799,200
Interest46%$673,136
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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Similar homes for sale nearby in Magnetawan
Other 2–4 bed homes for sale in Magnetawan around $999K.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio93.6%On average, homes sold below asking.
Active listings68Homes for sale here right now.
Median vs prior 90 days+2.7%Compared with May 17 – Aug 15, 2026: prices up.
Based on 22 sales from Aug 15 – Nov 13, 2026 (12 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 5403A Highway 124 Hwy
How much is 5403A Highway 124 Hwy listed for?
5403A Highway 124 Hwy is listed at $999,000 (MLS® X12613724). Summitly updates the price as soon as the MLS® record changes.
Is $999,000 a good price for 5403A Highway 124 Hwy?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Magnetawan. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 5403A Highway 124 Hwy changed?
Yes — it was first listed at $1,500,000 and is now $999,000, a drop of $501,000 (33.4%).
How many bedrooms and bathrooms does 5403A Highway 124 Hwy have?
5403A Highway 124 Hwy has 2 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Magnetawan.
How much would the monthly mortgage be on 5403A Highway 124 Hwy?
About $4,908 a month — principal and interest on $999,000 with 20% down ($199,800), 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 5403A Highway 124 Hwy compare with other homes in Magnetawan?
Its asking price of $999,000 is about 121% above the median sold price in Magnetawan over the last 90 days, $452,000, across 22 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 5403A Highway 124 Hwy been sold before?
Summitly has no earlier MLS® sale or lease of 5403A Highway 124 Hwy on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5403A Highway 124 Hwy?
5403A Highway 124 Hwy is in Magnetawan, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5403A Highway 124 Hwy been on the market?
339 days — 5403A Highway 124 Hwy was listed on December 9, 2025.
What is the price per square foot of 5403A Highway 124 Hwy?
About $908 to $1,427 per square foot: the asking price of $999,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 5403A Highway 124 Hwy have parking or a garage?
Yes — the listing gives 28 parking spaces. Garage: Yes.
Does 5403A Highway 124 Hwy have a basement, and is it finished?
The listing describes the basement as: Unfinished.
