$649,999

For sale

1507 Old Folks Drive, Highlands East (Monmouth) - Single Family for Sale

1507 Old Folks Drive, Highlands East (Monmouth), Ontario, K0L2Y0

2 beds1 bath4 parking1,300 ft²30 × 342 ft (10,257 sq ft) lot sizeListed 66 days ago

Overview

This 2-bedroom, 1-bathroom home in Highlands East is for sale offering roughly 1,300 sq ft of space. It has been on the market 66 days, fresher than the Highlands East average of 125 days.

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Description

Escape to your own private waterfront retreat. Nestled among mature trees and set on a serene shoreline, this stunning four-season cottage offers the perfect blend of tranquility, space, and lifestyle. Set on pristine shores of Monmouth lake, a quiet and highly sought-after lake known for its privacy and natural surroundings. The main residence is warm and inviting, complemented by two additional structures that make this property truly special. A separate 2-bedroom bunkie provides ideal accommodations for family and guests, while the impressive detached double garage with a loft-style recreation space above-complete with a bar and pool table-creates the ultimate setting for entertaining. Step outside to multiple decks and seating areas overlooking the water, where you can enjoy breathtaking views, peaceful mornings, and unforgettable sunrises. A private dock offers easy access for swimming, boating, and all your waterfront activities. Surrounded by nature yet designed for comfort, this property is perfectly suited for year-round living or a luxurious getaway. Whether you're hosting, relaxing, or exploring the outdoors, this one-of-a-kind retreat delivers the lifestyle you've been dreaming of. (id:66096)

Property Details

MLS®: X13727688
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 30 × 342 ft (10,257 sq ft)
Frontage: 30 ft
Storeys: 1
Basement: Crawl space
Heating: Wood, Other
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $2,854.94/yr
Listed

Features

Foundation: Wood
Exterior: Wood, Shingles
Lot Features: Ravine

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

66d

Highlands East (Monmouth) listings, avg age

125d

Price / ft²

$500

List price

$650K

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.

Haho

This 2-bed single family in Highlands East (Monmouth) has been listed for 66 days, which is 59 days fresher than the city average of 125. Act while there is still low competition.

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Listed by KELLER WILLIAMS REFERRED URBAN REALTY · THALIA ISMINI KIRIOPOULOS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $649,999, about 8.2× the local median household income of $79,000.

Carrying it typically needs a household income of about $126,968 (20% down, 25-yr amortization, stress-tested) — roughly 61% 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)

$649,999· $500/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,999.90

Min 6.15%50%

Mortgage payment$3,382/mo

↳ CMHC premium ($24,400 capitalized)

Property tax (est.)$238/mo

Total monthly$3,620

Cash Needed to Close

Down payment (6.15%)$40,000

Land transfer tax$9,475

Est. closing costs$4,450

Total cash needed$53,925

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