$950,000

For sale

5420 Centennial Lake Road, Greater Madawaska - Single Family for Sale

5420 Centennial Lake Road, Greater Madawaska, Ontario, K0J2R0

9 beds3 baths0 parking2,750 ft²919 × 1600 ft (33.74 acres) lot sizeListed 35 days ago

Overview

This 9-bedroom, 3-bathroom home in Greater Madawaska is for sale offering roughly 2,750 sq ft of space. It has been on the market 35 days, fresher than the Greater Madawaska average of 97 days.

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Description

Opportunity to purchase 3 cottages on 27.5 acres of beautiful waterfront on Centennial Lake near Calabogie. A two-minute boat ride from a boat launch nearby to your private retreat. The property can be accessed by ATV, snowmobile and 4X4 (permission required over private property). All cottages have wells and septic systems and two have beautiful fireplaces along with hydro, docks, water, and Bell Internet is available. Each cottage is fully equipped with 3 bedrooms and have basements for storage. Great hunting, fishing, walking trails, swimming and scenic boat rides. (id:66096)

Property Details

MLS®: X13847586
Property Type: Single Family
Bedrooms: 9
Beds (above / below): 9 above · 0 below
Bathrooms: 3
Parking: 0
Interior Size: 2,750 ft²
Lot Size: 919 × 1600 ft (33.74 acres)
Frontage: 919 ft
Basement: Unfinished, N/A
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $4,892.4/yr
Listed

Features

Appliances: Furniture
Foundation: Block, Wood/Piers
Exterior: Stone, Aluminum siding
Lot Features: Wooded area, Irregular lot size, Sloping, Partially cleared, Waterway

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity, Telephone, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Greater Madawaska listings, avg age

97d

Price / ft²

$345

List price

$950K

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.

Haho

This 9-bed single family in Greater Madawaska has been listed for 35 days, which is 62 days fresher than the city average of 97. Act while there is still low competition.

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Listed by Exit Realty Group · Randy Kerr

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0J)

This home lists at $950,000, about 12.5× the local median household income of $76,000.

Carrying it typically needs a household income of about $185,568 (20% down, 25-yr amortization, stress-tested) — roughly 144% above the area median.

Median household income: $76,000
Population: 34,322
Median age: 52.4
Owner / renter: 87% / 13%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K0J)

$950,000· $345/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.37% · $70,000

Min 7.37%50%

Mortgage payment$4,879/mo

↳ CMHC premium ($35,200 capitalized)

Property tax (est.)$408/mo

Total monthly$5,287

Cash Needed to Close

Down payment (7.37%)$70,000

Land transfer tax$15,475

Est. closing costs$5,350

Total cash needed$90,825

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