0 Albion Lake Drive, Faraday - Vacant Land for Sale

0 Albion Lake Drive, Faraday, Ontario, K0L1C0

0 baths966 × 816 ft (18.10 acres) lotListed 57 days ago

Overview

This lot in Faraday is for sale. It has been on the market 57 days, fresher than the Faraday average of 132 days.

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Description

Discover the peaceful setting of Albion Place, a friendly waterfront community located just 15 minutes west of Bancroft (aka Mineral Capital of Canada) on Airport Road. This inspiring 10.68-acre wooded property features 966 feet of frontage along Albion Lake Drive, together with deeded access to Albion Lake. The clear, swimmable waters of Albion Lake are are inhabited by native Bass, stocked with Splake, and spring fed via a small stream meandering through the southern portion of this unique, triangle-shaped parcel of land which offers a variety of elevations for a building site and multiple options for a driveway entrance from the road. Mature hardwoods - predominantly maple - provide potential opportunities for both lumber and maple syrup production. The property has been surveyed, and the choice of building site, recreational and business uses are yours to explore and determine, subject to your own investigation and approvals. Please note that Albion Lake Drive is a year-round, private road, maintained by the property owners within the community. For the privacy and protection of the property, please do not walk the land without a scheduled appointment. (id:66096)

Property Details

MLS®: X13752414
Property Type: Vacant Land
Zoning: Limited Service Residential
Bathrooms: 0
Lot Size: 966 × 816 ft (18.10 acres)
Frontage: 967 ft
Property Tax: $17.7/yr
Listed: 57 days ago

Features

Lot Features: Irregular lot size

Services

Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Faraday listings, avg age

132d

List price

$230K

Homes here sell below asking price

Homes in this market sold for an average of 93.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This vacant land in Faraday has been listed for 57 days, which is 75 days fresher than the city average of 132. Act while there is still low competition.

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Listed by RE/MAX HALLMARK EASTERN REALTY · Kathie Lycett

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $230,000, about 2.9× the local median household income of $79,000.

Carrying it typically needs a household income of about $44,927 (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)

$230,000

For sale

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