2442 Highway 520 For Sale

Burk's Falls, Magnetawan, P0A 1C0

$989,999

Description

Listed by Fair Agent Realty.

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!

Carbon Monoxide Detector,Satellite Dish,TV Tower/Antenna

Location

View Map
  • Address: 2442 Highway 520
  • Neighborhood: Magnetawan
  • City: Burk's Falls
  • State: ON
  • Postal Code: P0A 1C0

Property Details

  • Property ID: 40585268
  • Property Price: $989,999
  • Style: Single Family Residence, Two Story
  • Sq/Ft: 1685
  • Rooms: 9+0
  • Bedrooms: 4+0
  • Bath: 2
  • Parking Spaces: 10
  • Year Built: 1960
  • Basement: Development Potential, Exposed Rock, Separate Entrance, Walk-Up Access, Full, Unfinished
  • Exterior: Vinyl Siding
  • Heating: Propane, Wall Furnace
  • Taxes: $2,200.00 (2021)
  • Exposure: South

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Room details and dimensions

Statistics for similar Single Family Residence homes in Magnetawan

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Single Family Residence homes in Magnetawan

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Single Family Residence homes in Magnetawan

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  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100