Silver Water, Ontario, Canada
As of September 4, 2026, the median asking price in Silver Water is $282,500, across 4 active MLS® listings.
Those listings have been on the market an average of 129 days.
1 new listing came to market in Silver Water in the last 30 days.
Quiet coves, big island skies
Silver Water is one of Manitoulin Island’s tiniest lakeside hamlets—more a bend in the road than a town centre—set against the long, calm shoreline of Lake Manitou. Life here is dictated by weather, water levels, and the rhythm of seasonal arrivals: docks go in, boats return, and cottages wake up after a long North Channel winter. With a Walk Score around 7/100, it’s the kind of place where “running errands” means getting in the truck and pointing it toward Gore Bay or Mindemoya.
The community has an older, long-rooted feel—retirees and multi-generation island families in year-round homes, mixed with cottage owners who turn summer into a reunion. Days revolve around fishing, paddling, and shoreline sunsets, with quiet roads for cycling and plenty of dark sky once the last campfire dies down. It’s rural Ontario at its most understated: more loons than lawnmowers, more neighbours you wave to than strangers you’ll never see again.
Real estate in Silver Water is defined by water access and privacy. The most sought-after properties are Lake Manitou frontages and cottages with solid shorelines, workable road access, and room for outbuildings; inland homes and lots trade more on acreage, forest, and affordability than on walkability. Inventory tends to be limited and seasonal, with values shaped by the condition of older cottages, septic and well realities, and whether a property is turn-key or a long-weekend renovation project—making due diligence as important as the view.
Silver Water’s market is very limited right now, with just 2 active listings and a median asking price of $249,450. Homes are taking about 45 days to sell on average, and with only 1 new listing in the past 30 days, buyers and investors should expect constrained choice and the need to move decisively when well-priced properties appear.
Walk Score 7 · Bike Score 23
The median asking price in Silver Water is $282,500, across 4 active MLS® listings as of September 4, 2026. The average asking price is $275,975. These are list prices on homes currently for sale, not sale prices.
There are 4 active MLS® listings in Silver Water as of September 4, 2026. 1 of them came to market in the last 30 days.
Homes currently listed in Silver Water have been on the market an average of 129 days as of September 4, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Silver Water has a Walk Score of 7 out of 100, which Walk Score classifies as Car-Dependent — almost all errands require a car. Bike Score is 23.
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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