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$1,079,000
Faraday
240 Stringer Drive, Faraday, Ontario, K0L1C0
This 3-bedroom, 3-bathroom home in Faraday is for sale offering roughly 1,750 sq ft of space. It has been on the market 123 days, fresher than the Faraday average of 132 days.
We are pleased to present this exceptional four season home, situated on over 11 acres with 454 feet of prime west facing waterfront, on Coe Island Lake. Whether you are looking for a year round residence or a private cottage retreat, you will appreciate the pride of ownership displayed throughout this property. From the winding laneway through a mature hardwood forest, to the perfectly situated custom built home, every detail has been considered. The main level features an open floor plan with large windows and patio doors facing the lake, while a covered porch and large deck offer versatile outdoor living space. The full walk-out basement is ideal for guests and includes a cedar sauna, and outside is hot tub to enhance the full relaxation experience. The professionally landscaped gardens and rock pathways lead gracefully to the spectacular waterfront, which features limestone shelves and crystal-clear waters, perfect for bass and splake fishing. The property also boasts a manicured trail system for hiking or ATVs and a heated shop with a finished second level for entertaining. Located just 20 minutes from Bancroft and 2.5 hours from the GTA, this is a truly unique offering. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 123 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 3-bed single family in Faraday has been listed for 123 days, which is 9 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 $1,079,000, about 13.7× the local median household income of $79,000.
Carrying it typically needs a household income of about $210,766 (20% down, 25-yr amortization, stress-tested) — roughly 167% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice