$299,000

For sale

118 Bay Lake Road, Bancroft (Dungannon Ward) - Single Family for Sale

118 Bay Lake Road, Bancroft (Dungannon Ward), Ontario, K0L1C0

2 beds1 bath6 parking350 ft²150 × 249 ft (37,350 sq ft) lot sizeListed 78 days ago

Overview

This 2-bedroom, 1-bathroom home in Bancroft is for sale offering roughly 350 sq ft of space. It has been on the market 78 days, fresher than the Bancroft average of 82 days.

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Description

Affordable Three- season Cottage with a 12 ft access to Stimears Lake! Looking for a cozy getaway without the waterfront price tag? Welcome to 118 Bay Lake Rd! This charming three-season cottage is situated on a year-round paved municipal rd and includes a 12 foot easement access to beautiful Stimears Lake, located just across the road. The cottage offers a warm and inviting layout featuring two bedrooms, a 3-piece bathroom, a functional kitchen with dining area, a comfortable living/sitting room, and a bright sunroom perfect for relaxing with your morning coffee or unwinding after a day on the lake. Outside, you'll enjoy exceptional privacy, a firepit area for evenings under the stars, two storage buildings for all your cottage toys and tools, plus the convenience of a private well and septic system. Whether you're looking for a family retreat, a peaceful escape from the city, or an affordable way to enjoy cottage life, this property offers excellent value and endless opportunities to create lasting memories. (id:66096)

Property Details

MLS®: X13686184
Property Type: Single Family
Zoning: RES
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 350 ft²
Lot Size: 150 × 249 ft (37,350 sq ft)
Frontage: 150 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Living room: 2.93 x 5.28 meters
Kitchen: 4.01 x 4.17 meters
Dining room: 3.01 x 3.34 meters
Primary Bedroom: 2.91 x 2.45 meters
Bedroom: 2.64 x 2.45 meters
Bathroom: 1.9 x 1.63 meters

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

Features

Appliances: Water Heater
Foundation: Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Sloping

Services

Water: Sand point
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

78d

Bancroft (Dungannon Ward) listings, avg age

82d

Price / ft²

$856

List price

$299K

Homes here sell slower than most markets

Sold homes in this market spent an average of 69 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 92.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Bancroft (Dungannon Ward) has been listed for 78 days, which is 4 days fresher than the city average of 82. Act while there is still low competition.

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Listed by Century 21 Granite Realty Group Inc. · Emma Kearns

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $299,000, about 3.8× the local median household income of $79,000.

Carrying it typically needs a household income of about $58,405 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $79,000
Population: 78,142
Median age: 54
Owner / renter: 88% / 12%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K0L)

$299,000· $856/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,950

Min 5%50%

Mortgage payment$1,575/mo

↳ CMHC premium ($11,362 capitalized)

Property tax (est.)$158/mo

Total monthly$1,733

Cash Needed to Close

Down payment (5%)$14,950

Land transfer tax$2,960

Est. closing costs$3,397

Total cash needed$21,307

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