$499,000

For sale

19 Gorny Lane, Madawaska Valley - Single Family for Sale

19 Gorny Lane, Madawaska Valley, Ontario, K0J1B0

4 beds2 baths3 parking83 × 165 ft (13,695 sq ft) lot sizeListed 189 days ago

Overview

This 4-bedroom, 2-bathroom home in Madawaska Valley is for sale. Listed at $499,000, it is attractively priced about 15% below the $588,000 median asking price in Madawaska Valley.

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Description

Get ready for summer with this Wadsworth Lake family treasure. This 2 cottage package is a rare find. Perfect set up for extended families to enjoy the sought after Wadsworth Lake together, within the comfort of 2 separate cottages. The front 1 bedroom cottage with the field stone fireplace and gazebo have an incredible waterfront view with southwestern exposure. The back 3 bedroom cottage was fully and tastefully renovated in 2012. The wood detail and charm are everything your cottages in the woods should be. 3 season enjoyment. Both cottages are insulated. Close to Barry's Bay and Combermere and all their amenities. 45 minutes to the East Gate of Algonquin Park. 2 tank septic system and lakewater. Cottages come furnished, with dishes, appliances, and a dock. The Seller is motivated to sell so book a showing before it's gone . ** This is a linked property.** (id:66096)

Property Details

MLS®: X13057062
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 3
Lot Size: 83 × 165 ft (13,695 sq ft)
Frontage: 83 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Propane, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax

Features

Appliances: Water Heater
Foundation: Wood/Piers
Exterior: Vinyl siding

Services

Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

189d

Madawaska Valley listings, avg age

181d

List price

$499K

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.

Haho

This 4-bed single family in Madawaska Valley is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by EXP REALTY · Al Schutt

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0J)

This home lists at $499,000, about 6.6× the local median household income of $76,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 28% 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)

$499,000

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$202/mo

Total monthly$2,830

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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