371 Albion Lake Drive, Faraday, Ontario, K0L1C0




$54,999
Faraday
This lot in Faraday is for sale.
Great opportunity to own a 0.5-acre recreational lot with DEEDED ACCESS to Albion Lake. This treed property offers a peaceful setting and is ideal for camping, a trailer, or a nature getaway. Enjoy easy walking access to the lake for swimming, paddling, and fishing while surrounded by nature. Albion lake is stocked with thousands of splake bi-annually and also contains bass and other species. Conveniently located just 20 minutes from Bancroft, this is an affordable opportunity to own your own slice of the outdoors. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 130 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 vacant land in Faraday has been listed for 130 days, which is 2 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 $54,999, about 0.7× the local median household income of $79,000.
Carrying it typically needs a household income of about $10,743 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →Before you offer on a development site, know what you can build. PreBuildIQ delivers zoning verdicts and required study scopes for any Ontario address in 60 seconds.
Check your site with PreBuildIQ →