Silver Water, Manitoulin Island, Ontario, Canada
As of August 12, 2026, the median asking price in Silver Water, Manitoulin Island is $524,000, across 32 active MLS® listings.
Those listings have been on the market an average of 117 days.
2 new listings came to market in Silver Water, Manitoulin Island in the last 30 days.
Detached homes in Silver Water, Manitoulin Island are listed at an average of $971,980 across 15 active listings.
Vacant land in Silver Water, Manitoulin Island are listed at an average of $238,414 across 14 active listings.
Silver Water is a small lakeside community on the west end of Manitoulin Island, anchored by the Bay of Islands/Johnston Harbour area off Highway 540. The neighbourhood is rural and seasonal in character, with a mix of year-round residents, retirees, and cottage owners. Housing stock is dominated by detached homes, waterfront cottages, and larger rural lots; inventory tends to be thin and pricing can swing based on a few waterfront sales. The lifestyle is outdoors-focused (boating, fishing, hiking) and demand is driven more by recreation and retirement than by local employment.
Amenities are limited locally (small general services and marinas), with most shopping, healthcare access, and broader services found in Mindemoya, Little Current, and Espanola, while Sudbury functions as the nearest major urban centre. Schools and daily commuting options are sparse compared with southern Ontario; most households rely on personal vehicles and seasonal traffic patterns. From an investment perspective, the area typically supports moderate gross yields for furnished/seasonal rentals, while long-term rental demand is narrower and more price-sensitive. Recent market trends on Manitoulin have been supported by lifestyle migration and limited supply, though growth can be volatile year-to-year and is highly sensitive to interest rates and the cottage market cycle.
Silver Water currently has 7 active listings with a median asking price of $349,900, and homes are taking an average of 136 days to sell, pointing to a slower-paced market where buyers have time to compare options and negotiate. With only 2 new listings in the past 30 days, fresh supply is limited, so well-priced properties may still draw attention despite the longer days on market.
The median asking price in Silver Water, Manitoulin Island is $524,000, across 32 active MLS® listings as of August 12, 2026. The average asking price is $806,953. These are list prices on homes currently for sale, not sale prices.
There are 32 active MLS® listings in Silver Water, Manitoulin Island as of August 12, 2026. 2 of them came to market in the last 30 days.
Homes currently listed in Silver Water, Manitoulin Island have been on the market an average of 117 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 32 homes currently listed in Silver Water, Manitoulin Island, 47% detached houses, 44% vacant land, 3% multi-family homes.