2899 Midlothian Road, Magnetawan, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Spence. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $199,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 1456.24 x 926 ft lot size
Description
This beautiful building lot is located just 10 minutes from the quaint village of Magnetawan in the heart of cottage country. With a perfect mix of gently rolling cleared land and mature forest, this 11.1 acre parcel has several great building sites. The cleared land is a mixture of clay and sandy loam with just enough slope to provide good drainage. It's a picture perfect spot for a small homestead tucked into the wooded hillside. New driveway installed, hydro at the road, high speed internet is available and it's on a municipally maintained year round road! Less than 5 minutes to the Ahmic Lake public beach with free boat launching available in Magnetawan. H.S.T included in the purchase price.
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Pricing & Value Insights
Data-driven valuation for 2899 Midlothian Road, Magnetawan, ON P0A 1P0
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About Purchasing a Home in Magnetawan, ON
For a property listed at $199,000 in Magnetawan, the legal minimum down payment is $9,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,715 for this transaction. As this listing is in Magnetawan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,715.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.