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175 Old Man's Lake Lane
homes for sale · Magnetawan · Spence
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$1,420,000

175 Old Man's Lake Lane

Spence, Magnetawan · MLS® X13645864

5310

House · Single Family · 79 days on market

listed by SOPHIE ALEGRA GITERMAN, EASY LIST REALTY LTD.

realtor's description

Visit the REALTOR website for further information about this Listing. Paradise Found! Set in a serene and private location on the shores of Old Mans Lake, this exceptional property offers 348 feet of pristine lake frontage on over 8 acres of land. The gently sloping lot leads to the water's edge, providing plenty of usable space and direct access to a good-sized lake ideal for all types of water activities, from boating and swimming to snowmobiling in the winter. Both summer and winter fishing are enjoyed here, making it a true year-round retreat. Inside, the primary suite features a luxurious ensuite with an Ultra Thermo-Masseur massage bath for the ultimate in relaxation. The lower level offers a spacious recreation room complete with a large plasma TV and a cozy wood stove, perfect for family gatherings or movie nights. A convenient kitchenette with a sink, small fridge, and microwave makes this level a great candidate for a guest suite, especially with its separate entrance. Comfort is assured year-round with an upgraded geothermal system, delivering efficient heating in the winter and cooling in the summer, complemented by additional infrared heating on the lower level. Turn-key summer rental with excellent income potential. Making it move-in ready Whether you're looking for a peaceful family getaway, a recreational paradise, this stunning lakefront estate truly has it all.

property details

type
House, Single Family
bedrooms
5
bathrooms
3
parking
10
property tax
$6,757 / yr
days on market
79
MLS®
X13645864

features

  • Wooded area
  • Sloping
  • Open space
  • Lighting
  • Dry
  • Guest Suite

monthly cost

$6,750/mo
Mortgage $6,187 · Tax $563

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$6,187/ monthly
loan $1,136,000
25-year amortization
total interest
$720,041
cash to close
$284,000
down payment; transfer tax and fees not included
total paid
$1,856,041

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Spence, MagnetawanGoogle Maps ↗

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listed by
SOPHIE ALEGRA GITERMAN
EASY LIST REALTY LTD.
call SOPHIE · 888-323-1998
Powered by: REALTOR.ca

similar homes nearby

location

Spence, MagnetawanGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

nothing comparable on the market right now.