4249 Highway 520 Highway

Magnetawan, ON

2 bath
1,728 sqft
Store W Apt/Office
111 days on market

$439,000

Exceptional mixed-use investment opportunity in the heart of Magnetawan. This fully renovated commercial building offers the perfect blend of business potential, investment value, and small-town charm. Featuring two commercial units on the main level and a beautifully updated two-bedroom apartment above, the property is ideal for entrepreneurs, investors, or anyone looking for a flexible live/work lifestyle.Over the past 14 years, the building has been extensively renovated including windows, insulation, roof, siding, and wiring giving you the confidence of a turnkey property with little left to do. Positioned directly on the main street/highway through town, it offers excellent visibility, easy access, and exposure to both year-round residents and seasonal visitors.Located in a vibrant four-season community on a stunning five-lake chain, Magnetawan is loved for its welcoming atmosphere, popular farmers' market, sandy beach and park, active community events, and endless outdoor recreation. Whether you're looking to grow a business, generate rental income, or invest in a thriving Northern Ontario destination, this property is packed with opportunity.

Listing Details

Taxes (2026): $2,250
Listed: May 22, 2026

Price History

Listing history

Property

Lot Size: 71.56 x 166.07 Feet

Parking

Garage: None

Utilities

Water: Dug Well
Sewer: Septic

Location & Legal

Cross Street: Sparks(Hwy 520) and Burrows
Zoning: CV
Parcel Number: 520810660
Possession: Flexible
Occupancy: Tenant

Commercial

Office / Apartment Area: 864 Sq Ft

Included

Inclusions: Desk in office, Fridge, Stove, small microwave
Exclusions: Upstairs Tenants personal belongings; All chattels and fixtures in the hair salon
Rental Items: Propane Tank

Community

Postal area P0A

Population: 17,822
Private dwellings: 14,748
Median age: 56.8
Average household size: 2.2
Median household income: $68,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Magnetawan · last 12 months

Median sold price: $429,500
Homes sold: 44
Median days on market: 48
Sale-to-list price: 93.0%

Based on 44 recorded sales of commercial properties in Magnetawan over the last 12 months.

Listed by

RE/MAX Parry Sound Muskoka Realty Ltd

Walk Score

Walk

Bike

Scores by Walk Score®

Location

Street View

Commercial figures

Building area: 1,728 sq ft
Price per sq ft: $254.05
Annual property tax: $2,250
Tax per sq ft: $1.30

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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