$349,000

For sale

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115 West Mullet Lake Drive, Faraday - Single Family for Sale

115 West Mullet Lake Drive, Faraday, Ontario, K0L1C0

3 beds1 bath2 parking lot size

115 West Mullet Lake Drive, Faraday, Ontario, K0L1C0

3 bd1 ba2 pk900 ft²Lot size 25,265 sq ft (0.58 ac)

Listed by Reva Realty Inc.

17 Carfrae Court, Faraday, Ontario, K0L1C0

For saleJust listed

6 days ago

$779K

17 Carfrae Court, Faraday, Ontario, K0L1C0

3 bd2 ba6 pk900 ft²Lot size 112 × 254 ft (28,459 sq ft)

Listed by RE/MAX Professionals North

For sale

12 days ago

$200K

27768 Hwy 28, Faraday, Ontario, K0L1C0

2 bd1 ba3 pk900 ft²Lot size 200 × 150 ft (30,000 sq ft)

Listed by Royal LePage Frank Real Estate

775 Cameron Road, Faraday, Ontario, K0L1P0

For sale

20 days ago

$350K

775 Cameron Road, Faraday, Ontario, K0L1P0

2 bd1 ba10 pk900 ft²Lot size 286 × 1421 ft (9.32 acres)

Listed by Ball Real Estate Inc.

Investment analysis

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$349,000

Faraday

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101 × 250 ft (25,250 sq ft)

Overview

This 3-bedroom, 1-bathroom home in Faraday is for sale. Listed at $349,000, it is attractively priced about 30% below the $500,000 median asking price in Faraday.

Houses for Sale in Faraday →All real estate in Faraday →

Description

West Mullet Lake, Bancroft - Welcome to Cottage Country. 100 feet of clean, rocky shoreline on a private half-acre sloping lot. Swim straight off the dock into clear water. This is a traditional three-bedroom cottage with a large deck and a beautiful lakeside view. Gather around the fire pit as the sun goes down. Bring your family, your friends, and your love of the outdoors. There is no light pollution here; the night sky will leave you inspired. Modest and functional. Enviro toilet and privy. The real thing, without the pretense. Lots of inclusions to get you started! (id:66096)

Property Details

MLS®: X13067816
Property Type: Single Family
Zoning: SSR
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 2
Lot Size: 101 × 250 ft (25,250 sq ft)
Frontage: 101 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $1,963/yr
Listed: 187 days ago

Rooms

Main level

Kitchen: 2.34 x 3.57 meters
Dining room: 2.34 x 3.51 meters
Living room: 4.71 x 3.5 meters
Primary Bedroom: 2.6 x 3.48 meters
Bathroom: 1.59 x 2.49 meters
Bedroom 2: 2.6 x 3.48 meters
Bedroom 3: 2.28 x 3.51 meters

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

Features

Appliances: Refrigerator, Stove, Furniture
Foundation: Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Sloping, Carpet Free

Services

Water: Lake/River Water Intake
Utilities: Electricity, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

187d

Faraday listings, avg age

132d

List price

$349K

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 3-bed single family in Faraday is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Reva Realty Inc. · Lisa Scott

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $349,000, about 4.4× the local median household income of $79,000.

Carrying it typically needs a household income of about $68,172 (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)

$349,000

For sale

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Full Cost Breakdown

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Down Payment5% · $17,450

Min 5%50%

Mortgage payment$1,838/mo

↳ CMHC premium ($13,262 capitalized)

Property tax (est.)$164/mo

Total monthly$2,002

Cash Needed to Close

Down payment (5%)$17,450

Land transfer tax$3,710

Est. closing costs$3,547

Total cash needed$24,707

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice