$200,000

For sale

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27768 Hwy 28, Faraday - Single Family for Sale

27768 Hwy 28, Faraday, Ontario, K0L1C0

2 beds1 bath3 parking ft²

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

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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

775 Cameron Road, Faraday, Ontario, K0L1P0

For sale

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$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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$200,000

Faraday

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200 × 150 ft (30,000 sq ft) lot size

Overview

This 2-bedroom, 1-bathroom home in Faraday is for sale offering roughly 900 sq ft of space. It has been on the market 12 days, fresher than the Faraday average of 132 days.

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

Description

Affordable starter home. Sitting on just under an acre, this 2-bedroom, 1-bathroom home offers an excellent opportunity for someone ready to roll up their sleeves and bring it back to life. With plenty of room to work both inside and out, this property is ideal for renovators, investors, or buyers looking for a project with potential. Property is being sold in "as is" condition. Close to Paudash Lake for watersport enjoyment. (id:66096)

Property Details

MLS®: X14113016
Property Type: Single Family
Zoning: RR
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 200 × 150 ft (30,000 sq ft)
Frontage: 200 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Partial
Heating: Forced air, Oil
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $1,059/yr
Listed: 12 days ago

Rooms

Main level

Kitchen: 2.46 x 2.92 meters
Dining room: 5.33 x 3.1 meters
Living room: 3.68 x 7 meters
Primary Bedroom: 3.69 x 2.77 meters
Bedroom 2: 2.77 x 3.02 meters
Bathroom: 2.68 x 2.13 meters

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

Features

Appliances: All, Water Heater
Foundation: Block, Concrete
Exterior: Aluminum siding
Lot Features: Sump Pump

Services

Water: Dug Well
Sewer: Septic System
Utilities: Telephone, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Faraday listings, avg age

132d

Price / ft²

$222

List price

$200K

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 2-bed single family in Faraday has been listed for 12 days, which is 120 days fresher than the city average of 132. Act while there is still low competition.

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Listed by Royal LePage Frank Real Estate · Brian Moring

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $200,000, about 2.5× the local median household income of $79,000.

Carrying it typically needs a household income of about $39,067 (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)

$200,000· $222/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $10,000

Min 5%50%

Mortgage payment$1,053/mo

↳ CMHC premium ($7,600 capitalized)

Property tax (est.)$88/mo

Total monthly$1,142

Cash Needed to Close

Down payment (5%)$10,000

Land transfer tax$1,725

Est. closing costs$3,100

Total cash needed$14,825

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