$674,900

For sale

1130 Fader Drive, Algonquin Highlands (Stanhope) - Single Family for Sale

1130 Fader Drive, Algonquin Highlands (Stanhope), Ontario, K0M1S0

3 beds1 bath4 parking900 ft²Listed 57 days ago

Overview

This 3-bedroom, 1-bathroom home in Algonquin Highlands is for sale offering roughly 900 sq ft of space. Its $674,900 asking price sits right in line with the $695,000 median in Algonquin Highlands. It has been on the market 57 days, fresher than the Algonquin Highlands average of 149 days.

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Description

Welcome to your year-round storybook escape at 1130 Fader Drive on beautiful Maple Lake. Cute as a button and filled with rustic charm, this turn-key four-season retreat seamlessly pairs classic cottage nostalgia with modern comfort. Inside, the tastefully updated interior features three cozy bedrooms, a fully renovated bathroom, and an inviting living area centered around a wood-burning fireplace. Whether you are hosting family for the weekend or planning for full-time lakefront living, this fully equipped property is completely ready for you to enjoy from day one.Step outside onto a flat, family-friendly lot designed for effortless water access. Spend your days swimming off the dock, targeting a trophy catch, or relaxing on the shore while soaking in world-class golden sunset views. As part of a sought-after three-lake chain connecting Maple, Grass, and Pine Lakes, you enjoy endless miles of premier boating, fishing, and watersports right from your doorstep.Cottage life is made exceptionally easy here, thanks to superb year-round road access just minutes from local amenities. Best of all, the shore road allowance is fully owned, offering enhanced privacy and added value for years to come. From summer cannonballs to cozy winter nights by the fire, 1130 Fader Drive delivers the ultimate Canadian waterfront lifestyle. (id:66096)

Property Details

MLS®: X13755110
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Frontage: 85 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Propane
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 3.2 x 2.47 meters
Bedroom 2: 2.65 x 3.26 meters
Dining room: 3.81 x 2.47 meters
Living room: 3.66 x 3.81 meters
Bathroom: 2.13 x 1.95 meters
Bedroom: 2.53 x 3.26 meters
Bedroom 3: 3.66 x 3.2 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Block, Wood/Piers
Exterior: Vinyl siding
Lot Features: Wooded area, Irregular lot size, Level

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Algonquin Highlands (Stanhope) listings, avg age

149d

Price / ft²

$750

List price

$675K

Homes here sell below asking price

Homes in this market sold for an average of 93.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Algonquin Highlands (Stanhope) has been listed for 57 days, which is 92 days fresher than the city average of 149. Act while there is still low competition.

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Listed by RE/MAX Professionals North · JEFF WILSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0M)

This home lists at $674,900, about 8.4× the local median household income of $80,000.

Carrying it typically needs a household income of about $131,832 (20% down, 25-yr amortization, stress-tested) — roughly 65% above the area median.

Median household income: $80,000
Population: 53,815
Median age: 56.8
Owner / renter: 88% / 12%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K0M)

$674,900· $750/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment6.30% · $42,490

Min 6.30%50%

Mortgage payment$3,506/mo

↳ CMHC premium ($25,296 capitalized)

Property tax (est.)$199/mo

Total monthly$3,706

Cash Needed to Close

Down payment (6.30%)$42,490

Land transfer tax$9,973

Est. closing costs$4,525

Total cash needed$56,988

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