Your adventure begins with a 5 minute scenic ride to this remarkable 7-acre wilderness retreat on sought-after Shawanaga Lake. Boasting nearly 1,100 feet of shoreline, the property includes two cabins and a bunkie, offering an ideal setup for shared ownership. Purchase with family or friends and enjoy an affordable waterfront paradise this summer. There's even a guest cabin and plenty of space to pitch tents, making it the ultimate spot for family gatherings and outdoor fun. Worried about access? No need a tin boat and motor are included, and there is convenient parking at the public boat launch on Beach Road in Whitestone. The property is solar-powered, and the main cabin is insulated for comfort, featuring a WETT-certified wood stove for cozy evenings. There are three docks along the shoreline, you'll have ample space for swimming, boating, watersports, or simply relaxing by the lake. Explore woodland trails, unwind in nature, enjoy four-season adventure with the OFSC snowmobile trail crossing the lake during winter months. Contact the listing agent for more information of a possible vendor take-back mortgage that may be available for qualified buyers with a strong down payment. The vendor is a licensed realtor.
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $457 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 550 Shawanaga Lake
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
< 700 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
550 Shawanaga Lake 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 →
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
$1,572
/mo
based on the purchase price of $319,900
$63,980 cash
$255,920 financed
$215,552 total interest
Principal54%$255,920
Interest46%$215,552
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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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.
Keep looking near 550 Shawanaga Lake
Homes for sale in Mcdougall
Every active Mcdougall MLS® listing, updated all day.
Average days on market57Homes sold in about 57 days on average.
Sale-to-list ratio95.1%On average, homes sold below asking.
Active listings54Homes for sale here right now.
Median vs prior 90 days+39.4%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 24 sales from Jul 24 – Oct 22, 2026 (16 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 550 Shawanaga Lake
How much is 550 Shawanaga Lake listed for?
550 Shawanaga Lake is listed at $319,900 (MLS® X13692016). Summitly updates the price as soon as the MLS® record changes.
Is $319,900 a good price for 550 Shawanaga Lake?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in McDougall. 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 550 Shawanaga Lake changed?
Yes — it was first listed at $339,000 and is now $319,900, a drop of $19,100 (5.6%).
How many bedrooms and bathrooms does 550 Shawanaga Lake have?
550 Shawanaga Lake has 2 bedrooms and 1 bathroom, with about 700 square feet of living space. It is a detached home in McDougall.
How much would the monthly mortgage be on 550 Shawanaga Lake?
About $1,572 a month — principal and interest on $319,900 with 20% down ($63,980), 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 550 Shawanaga Lake compare with other homes in McDougall?
Its asking price of $319,900 is about 54% below the median sold price in McDougall over the last 90 days, $697,000, across 24 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 550 Shawanaga Lake been sold before?
Summitly has no earlier MLS® sale or lease of 550 Shawanaga Lake on record from the last two years. Older records aren't shown under TRREB rules.
Where is 550 Shawanaga Lake?
550 Shawanaga Lake is in McDougall, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 550 Shawanaga Lake been on the market?
64 days — 550 Shawanaga Lake was listed on August 19, 2026.
What is the price per square foot of 550 Shawanaga Lake?
About $457 per square foot: the asking price of $319,900 over the 700 sq ft the listing gives.
Does 550 Shawanaga Lake have a basement, and is it finished?
The listing says 550 Shawanaga Lake has no basement.
What is the lot size of 550 Shawanaga Lake?
The lot is 7.495 acres, as published in the listing.
