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$295,000
Highlands East
1350 Madill Road, Highlands East (Monmouth), Ontario, K0L2Y0
This 1-bathroom home in Highlands East is for sale offering roughly 350 sq ft of space. Listed at $295,000, it is attractively priced about 38% below the $475,000 median asking price in Highlands East. It has been on the market 20 days, fresher than the Highlands East average of 127 days.
This 4.77 acre property offers a significant head start for anyone looking to build a custom home, with infrastructure and utilities already in place. The site features over 300 feet of road frontage and excellent accessibility via two separate driveways. The building site includes a completed concrete foundation with a new subfloor and joists ready for framing. High-value utilities are already installed, featuring a 200-amp electrical service, a deep 200-foot drilled well, and a septic system. A new gas furnace with a tank is also included on-site to support your future build. The acreage itself provides great privacy and features a beautiful, spring-fed private pond, positioned to be visible from the house once construction is complete. The property also includes an on-site mobile home trailer to serve as immediate living quarters or a construction office while work is underway. Located just 3 km away from Glamour Lake and close to a premier network of local ATV and snowmobile trails, this lot offers the perfect blend of rural privacy and year-round outdoor recreation. This rare parcel allows you to bypass months of excavation, permitting, and utility installation, meaning you can bring your builder and blueprints to finish this custom project on a highly equipped, established lot. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 127 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 94.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This single family in Highlands East (Monmouth) has been listed for 20 days, which is 107 days fresher than the city average of 127. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $295,000, about 3.7× the local median household income of $79,000.
Carrying it typically needs a household income of about $57,624 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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