$799,900

For sale

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107 Maika Road, Madawaska Valley - Single Family for Sale

107 Maika Road, Madawaska Valley, Ontario, K0J1L0

3 beds2 baths12 parking ft²

232 Ohio Road, Madawaska Valley, Ontario, K0J1B0

3 bd2 ba6 pk1,750 ft²Lot size 200 × 434 ft (1.99 acres)

Listed by RE/MAX COUNTRY CLASSICS LTD.

42195 Combermere Road, Madawaska Valley, Ontario, K0J1B0

For sale

11 days ago

$879K

42195 Combermere Road, Madawaska Valley, Ontario, K0J1B0

3 bd3 ba7 pk1,750 ft²Lot size 100 × 394 ft (39,360 sq ft)

427 Paugh Lake Road, Madawaska Valley, Ontario, K0J1B0

3 bd2 ba4 pk2,250 ft²Lot size 100 × 231 ft (23,100 sq ft)

662A Long Lake Road, Madawaska Valley, Ontario, K0J1B0

4 bd2 ba7 pk1,300 ft²

Listed by ROYAL LEPAGE TEAM REALTY

Investment analysis

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$799,900

Madawaska Valley

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Description

Combermere: Large 3-bedroom waterfront home on over 2 acres of level land. The property faces northeast and includes a sandy beach, mature trees, and good privacy in a quiet setting. The home is solidly built and well maintained but would benefit from updating. Additional features include a large storage building/garage and a separate storage shed. Located on the Negeek Lake/Madawaska River water system, with access to over 90 km of boating and fishing. (id:66096)

Property Details

MLS®: X13471450
Property Type: Single Family
Zoning: Residential
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 12
Interior Size: 1,750 ft²
Lot Size: 113 × 368 ft (41,389 sq ft)
Frontage: 113 ft
Basement: None
Heating: Forced air, Electric, Wood
Cooling: None
Garage: Garage, Carport
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $2,838/yr
Listed: 137 days ago

Rooms

Ground level

Foyer: 2.54 x 3.93 meters
Family room: 5.34 x 3.29 meters
Sunroom: 5.22 x 5.2 meters
Office: 3.22 x 4.08 meters

Second level

Living room: 7.1 x 6.53 meters
Kitchen: 4.46 x 4.09 meters
Bathroom: 2.21 x 2.85 meters
Laundry room: 2.27 x 1.28 meters

Third level

Primary Bedroom: 3.66 x 3.5 meters
Bedroom 2: 3.13 x 2.94 meters
Bedroom 3: 2.94 x 4.12 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

137d

Madawaska Valley listings, avg age

181d

Price / ft²

$457

List price

$800K

Homes here sell slower than most markets

Sold homes in this market spent an average of 79 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 92.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (K0J)

This home lists at $799,900, about 10.5× the local median household income of $76,000.

Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 106% 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)

$799,900· $457/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,990

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,796 capitalized)

Property tax (est.)$237/mo

Total monthly$4,366

Cash Needed to Close

Down payment (6.87%)$54,990

Land transfer tax$12,473

Est. closing costs$4,900

Total cash needed$72,363

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

107 Maika Road, Madawaska Valley - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K0J)

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