$1,369,000
Faraday
17 Ida Ho Lane, Faraday, Ontario, K0L1C0
This 5-bedroom, 3-bathroom home in Faraday is for sale offering roughly 1,750 sq ft of space. It has been on the market 55 days, fresher than the Faraday average of 132 days.
Stunning waterfront property on beautiful Bow Lake! Built in 2020, this turn-key home features 3800 sq ft of finished living space, 290 feet of west-facing shoreline and is only 60' from the water. Featuring 5 spacious bedrooms and 3 baths, this custom lakeside retreat is perfect as a four-season home, luxury cottage or income generating property. Main floor features 3 bedrooms and 2 baths-including large primary suite with vaulted ceilings and patio doors that lead to the expansive composite deck overlooking the lake and a 3 pc ensuite with walk-in shower, heated tile and double vanity. The kitchen and main floor baths boast quartz counters and custom wood cabinetry, while the open-concept living and dining area are complemented with a striking fireplace complete with built-ins and incredible lake views. Ash engineered hardwood runs throughout the entire home. The fully finished basement has heated floors, two large bedrooms-perfect for a home office-plus 4 pc bath, rec room and gym, oversized laundry room and additional storage room. Find peace-of-mind with an 11kW automatic generator fully wired into the home for protection against power outages, a reverse osmosis drinking water system, HRV air return system, propane furnace and central AC. Enjoy extra storage in both the mudroom and heated attached garage, or park your boat and ATV in the bonus detached drive-shed. Spend the evenings listening to the loons inside your vaulted Muskoka Screen room and take in a captivating sunset! Easy access to high-speed internet is ideal for remote work, with the added convenience of nearby schools, hospital, restaurants, shopping, community centre, and more in Bancroft. The Heritage Trail is only minutes from your door as well as access to Silent Lake and Algonquin Provincial Park. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 132 days across the listings currently for sale in this city
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.
This 5-bed single family in Faraday has been listed for 55 days, which is 77 days fresher than the city average of 132. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,369,000, about 17.3× the local median household income of $79,000.
Carrying it typically needs a household income of about $267,414 (20% down, 25-yr amortization, stress-tested) — roughly 238% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.