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$699,000
Faraday
376 Faradale Court, Faraday, Ontario, K0L1C0
This 4-bedroom, 2-bathroom home in Faraday is for sale. It has been on the market 121 days, fresher than the Faraday average of 132 days.
Waterfront SIX REASONS TO BUY: 1. RARE DEEP-WATER SHORELINE: 675 feet of private, cliff-top waterfront with exceptionally clear, weed-free water up to 115 ft (35 m) deep. Swim and fish right off your own dock. 2. A COMPLETE TURNKEY COMPOUND: 3.5 acres of owned land plus 158 acres of co-owned forest, sold as 3 properties together (3 PINs). 9 metal-roofed buildings including a main house and 4 guest cabins, 8 bedrooms, 2 bathrooms, sleeping up to 22, plus two large decks and a private boat dock. 3. FULLY OFF-GRID AND SELF-SUFFICIENT: 2024-installed 50 kW solar power system supplies the property's electricity - no hydro bills. Strong cell signal, internet, hot water and standard plumbing. Newly built 100 m road brings vehicles from hilltop to water's edge; two levelled clearings plus a rock plateau park 30+ vehicles. 4. THREE-SEASON PLAYGROUND: Swimming, boating, fishing, hunting, ATV trails, bonfires and stargazing spring through fall; snowmobile trail access adds winter recreation appeal (buildings are three-season). 5. SECLUDED YET CONVENIENT: Total privacy among forest, cliffs and clear water, yet only 15 minutes to Bancroft's hospital, schools, shopping and restaurants. 6. ENDLESS POSSIBILITIES: Multi-generational family compound, corporate or wellness retreat, youth camp, film location, or group accommodation business in one of Ontario's fastest-growing cottage regions. Short-term rental potential - buyer to verify zoning, licensing and permitted uses. Both properties sold together. All measurements and acreage to be verified by buyer. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 121 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 4-bed single family in Faraday has been listed for 121 days, which is 11 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 $699,000, about 8.8× the local median household income of $79,000.
Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 73% 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