$329,000

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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

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.

292 Caroline Court, Faraday, Ontario, K0L1C0

For sale

28 days ago

$500K

292 Caroline Court, Faraday, Ontario, K0L1C0

3 bd1 ba4 pk900 ft²Lot size 100 × 78 ft (7,800 sq ft)

Listed by ROYAL LEPAGE CREDIT VALLEY REAL ESTATE

Investment analysis

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$329,000

Faraday

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Overview

This 3-bedroom, 1-bathroom home in Faraday is for sale offering roughly 900 sq ft of space. Listed at $329,000, it is attractively priced about 34% below the $500,000 median asking price in Faraday. It has been on the market 1 day, fresher than the Faraday average of 133 days.

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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®: X14144610
Property Type: Single Family
Zoning: SSR
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 25,265 sq ft (0.58 ac)
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: Yesterday

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.

Market Timing

Days on market

Faraday listings, avg age

133d

Price / ft²

$366

List price

$329K

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.

Area context

Neighbourhood profile (K0L)

This home lists at $329,000, about 4.2× the local median household income of $79,000.

Carrying it typically needs a household income of about $64,265 (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)

$329,000· $366/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,450

Min 5%50%

Mortgage payment$1,733/mo

↳ CMHC premium ($12,502 capitalized)

Property tax (est.)$164/mo

Total monthly$1,896

Cash Needed to Close

Down payment (5%)$16,450

Land transfer tax$3,410

Est. closing costs$3,487

Total cash needed$23,347

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

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

Rental cashflow calculator

Description

Property Details

Rooms

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Market Timing

Location

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Neighbourhood profile (K0L)

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