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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 121 days

    2442 HIGHWAY 520

    ·Magnetawan, ON··

    • 4 beds
    Magnetawan real estate›X8285186
    • 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

    Situated on a generous lawn with breathtaking views over Lake Cecebe, this property offers a unique combination of a 4-bedroom, 2-bath home and a lucrative commercial opportunity. Included in the sale is an additional lakefront lot across the two-lane highway, enhancing the allure of this offering. The property is zoned for both residential comfort and commercial ventures, including tent and trailer camping, cottage rentals, and potential boat slip leasing, making it ideal for investors, entrepreneurs, or those looking for a multi-family retreat. With two septics, two drilled wells, and 10 water hookups for trailer connections, the infrastructure is in place for immediate development. The main house, requiring some TLC, features a separate entrance and an unspoiled basement currently used as a workshop. This land boasts not only a private beach and dock but also approval for up to 6 cabins and numerous tent and trailer sites, offering endless possibilities for development. Whether it's swimming, boating on over 40 miles of waterway, cliff jumping, water sports, or fishing, Lake Cecebe provides an idyllic setting. Conveniently located on Hwy 520, close to Hwy 11, and just north of Muskoka in the beautiful Almaguin Highlands, this property represents a rare investment opportunity!

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

    AI highlights by Zara
    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
    May 21, 2026Previously listedNew$800,000 —X13160008View
    Mar 20, 2025Previously listedExp$850,000 —X12031542View
    May 9, 2024Previously listedTer$989,999 —X10781217View
    May 9, 2024Previously listedExp$989,999 —X8382132View
    Jan 8, 2024ListedCurrentFor sale$999,999 —X8285186This page
    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

      3
      Heating
      Other
      Air conditioning
      None
      Sewer
      Septic
    Location & lifestyle

    Getting around, schools & the block

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

    📍 2442 HIGHWAY 520
    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
    $4,913
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $183
    0.22% 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
      —
      Last 30 days
    • Median sold price
      —
      Middle of the market
    • Days on market
      —
      Avg from list to close
    • Closed last 30d
      —
      MLS® transactions
    Full Magnetawan market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 2442 HIGHWAY 520 — 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 2442 HIGHWAY 520 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 2442 HIGHWAY 520 listed for?

      2442 HIGHWAY 520 is listed at $999,999 on the MLS® (listing X8285186). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 2442 HIGHWAY 520 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. 2 baths
  2. 1500-2000 sqft
  3. Detached
  4. Built 51-99
  5. .50-1.99 ac lot
  6. Asking
    $999,999
    $0 / sqft · MLS® X8285186
    Chat Zara
  7. Zara AI Estimate
    Live valuation

    Not enough neighbourhood comparable data yet to estimate this listing. Chat with Zara for a private valuation.

    Ask Zara
    Market analytics

    Live market data for Magnetawan.

    Avg sold price
    —
    Median sold
    —
    Avg days on market
    —
    Recently sold
    —
    See comparable sales
    • Situated on a generous lawn with breathtaking views over Lake Cecebe, this property offers a unique combination of a 4-bedroom, 2-bath home and a lucrative commercial opportunity.
    • Included in the sale is an additional lakefront lot across the two-lane highway, enhancing the allure of this offering.
    • The main house, requiring some TLC, features a separate entrance and an unspoiled basement currently used as a workshop.
    Ask Zara a follow-up

    Parking & garage

    3
    Garage
    Outside/Surface
    Parking spaces
    10
    Driveway
    Other, Circular Drive
  8. Interior

    5
    Basement
    Full
    Family room
    N
    Kitchens
    1
    Total rooms
    9
    Elevator
    N
  9. Exterior & construction

    5
    Exterior
    Vinyl Siding
    Roof
    Shingles
    Foundation
    Stone
    Waterfront
    Y
    Pool
    None
  10. Lot & land

    3
    Year built
    51-99
    Lot dimensions
    226.19 x 272.25
    Zoning
    CT
  11. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    2-Storey
    Property class
    Detached
  12. Room-by-room · 9 rooms

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

    Room dimensions

    Main level

    6 rooms
    • Bedroom
      11.0 × 10.0 ft
    • Kitchen
      Open Concept
      14.0 × 13.0 ft
    • Other
      23.0 × 16.0 ft
    • Bathroom
      0.0 × 0.0 ft
    • Bedroom
      10.0 × 10.0 ft
    • Living Room
      Open Concept
      14.0 × 14.0 ft

    Second level

    3 rooms
    • Bedroom
      13.0 × 11.0 ft
    • Bedroom
      6.5 × 5.0 ft
    • Bathroom
      0.0 × 0.0 ft
    Combined estimate
    $5,096
    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
    $4,913
    /mo
    based on the purchase price of $999,999
    $200,000 cash
    $799,999 financed
    $673,809 total interest
    Monthly payment$4,913/ month
    Principal54%$799,999
    Interest46%$673,809

    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.

    • 439A Baker Road
      Sold
      Sign in for price
      439A Baker 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
    • 340 Wurm Road
      Sold
      Sign in for price
      340 Wurm Road
      Detached
    • 475 Chapman Drive
      Sold
      Sign in for price
      475 Chapman Drive
      Detached
    • 775 Rosskopf Road
      Sold
      Sign in for price
      775 Rosskopf Road
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    2442 HIGHWAY 520This home4 / 215,002,000$999,999ask———
    439A Baker Road3 / 1700—
    182 Woodland Lane3 / 21,500—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Magnetawan

    Active listings within ±20% of this asking price.

    • 2442 HIGHWAY 520
      $800,000
      2442 HIGHWAY 520
      Detached 4 2
    • 54 Dauncey Road
      $999,000
      54 Dauncey Road
      Detached 3 2
    • 134 Johnston Road
      $869,000
      134 Johnston Road
      Detached 3 2
    • 3149 520 Highway
      $1,190,000
      3149 520 Highway
      Detached 3 2
    • 106 Johnston Road
      $874,000
      106 Johnston Road
      Detached 3 3
    • 258 Lakeside Trail
      $1,124,900
      258 Lakeside Trail
      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.

  13. One team, no handoffs

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

  14. Showings on YOUR schedule

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

  15. Mortgage that closes

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

  16. Public listing courtesy of POINT59 REALTY, BROKERAGE · displayed on Summitly per MLS® data-share rules

    2442 HIGHWAY 520 is a 4-bedroom, 2-bath, 1500-2000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  17. When was 2442 HIGHWAY 520 built?

    2442 HIGHWAY 520 was built in 51-99. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  18. What is the property tax for 2442 HIGHWAY 520?

    The 'Property tax' tab in the History section shows the most recent annual tax for 2442 HIGHWAY 520 plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  19. How much would the monthly mortgage be on 2442 HIGHWAY 520?

    The affordability calculator on this page shows an estimated monthly mortgage for $999,999 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  20. Has 2442 HIGHWAY 520 been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 2442 HIGHWAY 520 with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  21. What neighbourhood is 2442 HIGHWAY 520 in?

    2442 HIGHWAY 520 is in Magnetawan, Magnetawan. The 'Neighbourhood' section below links to the live Magnetawan real estate hub with average sold price, days on market, and current inventory.

  22. 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.

  23. 47 Neighick Lake Road
    3 / 1
    1,100
    —
    340 Wurm Road3 / 21,100—
    475 Chapman Drive3 / 21,500—
    775 Rosskopf Road4 / 22,000—