$549,000

For sale

231 West Diamond Lake Road, Hastings Highlands (Herschel Ward) - Single Family for Sale

231 West Diamond Lake Road, Hastings Highlands (Herschel Ward), Ontario, K0L1C0

5 beds2 baths3 parking900 ft²112 × 423 ft (1.08 acres) lot sizeListed 25 days ago

Overview

This 5-bedroom, 2-bathroom home in Hastings Highlands is for sale offering roughly 900 sq ft of space. Listed at $549,000, it is attractively priced about 8% below the $597,000 median asking price in Hastings Highlands. It has been on the market 25 days, fresher than the Hastings Highlands average of 112 days.

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Description

Turnkey cottage on Diamond Lake. Features include an open concept kitchen, a dining and living area, 3 bedrooms, and 1 bathroom on main level. Access to the deck that extends across the front of the cottage with a gorgeous view of the lake. Finished lower walkout level includes a family room, 2 bedrooms, and 1 bathroom, offering extra space for entertaining. Level access to the waterfront, which has 100 feet of sandy beach area and shallow entry great for children. The cottage has been used as an investment rental that you could carry on as such or make this your forever family getaway. The cottage has only been used as a 3-season but has great potential to be turned into a 4-season retreat. There is an older shed at the top of the driveway for storage. Close to all amenities and only minutes from the town of Bancroft. (id:66096)

Property Details

MLS®: X13884428
Property Type: Single Family
Zoning: SR
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Half Baths: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 112 × 423 ft (1.08 acres)
Frontage: 112 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Walk out, N/A
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Waterfront

Rooms

Main level

Kitchen: 5.77 x 3.91 meters
Foyer: 2.67 x 2.12 meters
Living room: 7.24 x 3.91 meters
Primary Bedroom: 3.56 x 2.7 meters
Bedroom 2: 2.32 x 2.7 meters
Bedroom 3: 2.5 x 2.02 meters
Bathroom: 1.52 x 2.02 meters

Lower level

Family room: 7.72 x 5.46 meters
Bedroom 4: 3.11 x 2.94 meters
Bedroom 5: 3.12 x 2.41 meters

Features

Appliances: Water Heater
Foundation: Poured Concrete
Exterior: Vinyl siding
Lot Features: Hillside, Wooded area, Irregular lot size, Sloping, Level

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

25d

Hastings Highlands (Herschel Ward) listings, avg age

112d

Price / ft²

$610

List price

$549K

Homes here sell slower than most markets

Sold homes in this market spent an average of 65 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 91.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 5-bed single family in Hastings Highlands (Herschel Ward) has been listed for 25 days, which is 87 days fresher than the city average of 112. Act while there is still low competition.

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Listed by Royal LePage Frank Real Estate · Brian Moring

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $549,000, about 6.9× the local median household income of $79,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 36% above 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)

$549,000· $610/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$400/mo

Total monthly$3,278

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$7,455

Est. closing costs$4,147

Total cash needed$41,502

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