$349,900

For sale

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775 Cameron Road, Faraday - Single Family for Sale

775 Cameron Road, Faraday, Ontario, K0L1P0

2 beds1 bath10 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

6 days ago

$779K

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

For sale

12 days ago

$200K

27768 Hwy 28, Faraday, Ontario, K0L1C0

2 bd1 ba3 pk900 ft²Lot size 200 × 150 ft (30,000 sq ft)

Listed by Royal LePage Frank Real Estate

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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$349,900

Faraday

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Overview

This 2-bedroom, 1-bathroom home in Faraday is for sale offering roughly 900 sq ft of space. Listed at $349,900, it is attractively priced about 30% below the $500,000 median asking price in Faraday. It has been on the market 20 days, fresher than the Faraday average of 132 days.

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

Description

Simple off grid living with 8.8 acres of privacy and an almost new 2 bedroom small home. This professionally built and finished bungalow style home features an open concept floor plan with cathedral ceilings, two bedrooms and a loft area for extra storage or sleeping. Egan Creek splits this beautifully forested property, offering those who like to try their luck a chance at some brook trout or observe all the wildlife often seen here. There is a steel shop for the toys and lots of trails through the property to enjoy. This property fronts on a year round municipally maintained road and is close to many lakes and trails. Located 15 minutes from Coe Hill or 25 minutes to Bancroft. Quick closing is available. (id:66096)

Property Details

MLS®: X14081946
Property Type: Single Family
Zoning: RR H
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 10
Interior Size: 900 ft²
Lot Size: 286 × 1421 ft (9.32 acres)
Frontage: 286 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Propane, Other
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $1,196/yr
Listed: 20 days ago

Market Timing

Days on market

20d

Faraday listings, avg age

132d

Price / ft²

$389

List price

$350K

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.

Area context

Neighbourhood profile (K0L)

This home lists at $349,900, about 4.4× the local median household income of $79,000.

Carrying it typically needs a household income of about $68,348 (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)

$349,900· $389/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,495

Min 5%50%

Mortgage payment$1,843/mo

↳ CMHC premium ($13,296 capitalized)

Property tax (est.)$100/mo

Total monthly$1,943

Cash Needed to Close

Down payment (5%)$17,495

Land transfer tax$3,724

Est. closing costs$3,550

Total cash needed$24,769

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

775 Cameron Road, Faraday - Single Family for Sale

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