$474,900
Greater Madawaska
534 School House Lane, Greater Madawaska, Ontario, K0J2R0
This 2-bedroom, 1-bathroom home in Greater Madawaska is for sale offering roughly 900 sq ft of space. Listed at $474,900, it is attractively priced about 34% below the $725,000 median asking price in Greater Madawaska. It has been on the market 54 days, fresher than the Greater Madawaska average of 96 days.
Your waterfront retreat awaits on the pristine shores of Centennial Lake. Nestled along a quiet stretch of the Madawaska River, this charming bungalow offers unobstructed water views, a sandy beach, a gentle walk-in shoreline, and deep, crystal-clear swimming off the end of the dock-creating the perfect setting for boating, fishing, swimming, and making lifelong family memories. Lovingly maintained by the same owners for over 40 years, this special property has been cared for with pride and is ready for its next chapter. A welcoming front porch leads into the bright open-concept living, dining, and kitchen area, where soaring ceilings and a charming cast-iron wood stove create a warm and inviting atmosphere. The kitchen offers ample cabinetry and a cozy dining area, perfect for gathering after a day on the water. The home features two spacious bedrooms and a full three-piece bathroom. The true centerpiece of the property is the stunning waterfront great room, complete with a wood-burning fireplace and panoramic lake views. Whether you're entertaining family and friends, enjoying a quiet morning coffee, or unwinding with a good book, this space is designed to showcase the beauty of the waterfront from every angle. Outside, you'll find a generous storage shed with future bunkie potential, a well-maintained outhouse for added convenience when hosting guests, and endless opportunities to enjoy the outdoors. Serviced by a well and septic system, the property is well-suited for year-round living and offers excellent cell reception, allowing you to stay connected while embracing cottage life. Ideally located just 30 minutes from Calabogie Peaks Ski Resort and within easy reach of both Ottawa and Toronto, this waterfront gem offers the perfect balance of recreation, relaxation, and accessibility. Whether you're searching for a year-round residence, a family cottage, or a peaceful escape from the city, this is a rare opportunity to experience lake life at its finest. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 54 days on market, against an average age of 96 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 68 days on the market over the past year, against a median of 48 days across the markets we publish.
This 2-bed single family in Greater Madawaska has been listed for 54 days, which is 42 days fresher than the city average of 96. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $474,900, about 6.2× the local median household income of $76,000.
Carrying it typically needs a household income of about $92,765 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0J)
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