$549,900

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232 Ohio Road, Madawaska Valley - Single Family for Sale

232 Ohio Road, Madawaska Valley, Ontario, K0J1B0

3 beds2 baths6 parking

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

682 Long Lake Road, Madawaska Valley, Ontario, K0J1B0

For sale

26 days ago

$699K

682 Long Lake Road, Madawaska Valley, Ontario, K0J1B0

6 bd3 ba15 pk2,250 ft²

Listed by ROYAL LEPAGE TEAM REALTY

Investment analysis

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$549,900

Madawaska Valley

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Overview

This 3-bedroom, 2-bathroom home in Madawaska Valley is for sale offering roughly 1,750 sq ft of space. Listed at $549,900, it is attractively priced about 6% below the $588,000 median asking price in Madawaska Valley. It has been on the market 0 days, fresher than the Madawaska Valley average of 180 days.

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Description

Combermere - Hydes Bay Located in a sheltered, south-facing corner of Hydes Bay, this property offers good privacy, over 200 feet of waterfront and more than 1.7 acres of land. The sturdy 3-bedroom, four-season cottage/home features 1 bathrooms, including a main-floor bedroom, and wheelchair accessibility. Mostly furnished, it also includes a detached single-car garage, pole shed and a large gazebo near the waterfront. Enjoy the sandy-bottom shoreline, ideal for swimming and relaxing by the water. Dock is removed for the winter. (id:66096)

Property Details

MLS®: X14147884
Property Type: Single Family
Zoning: Residential
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 200 × 434 ft (1.99 acres)
Frontage: 200 ft
Storeys: 1
Basement: Unfinished, Partial
Heating: Baseboard heaters, Forced air, Oil, Electric
Cooling: Window air conditioner
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $2,732/yr
Listed: Today

Rooms

Ground level

Foyer: 2.73 x 1.9 meters
Kitchen: 4.45 x 2.71 meters
Dining room: 7.19 x 2.78 meters
Sunroom: 6.23 x 2750 meters
Living room: 5.85 x 8.99 meters
Bedroom: 2.74 x 2.63 meters
Bathroom: 2.65 x 2.69 meters
Bedroom 3: 4.7 x 5.95 meters

Second level

Bedroom 2: 5.93 x 4.11 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

Madawaska Valley listings, avg age

180d

Price / ft²

$314

List price

$550K

Homes here sell slower than most markets

Sold homes in this market spent an average of 80 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 92.6 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 $549,900, about 7.2× the local median household income of $76,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 41% 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)

$549,900· $314/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$228/mo

Total monthly$3,110

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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

232 Ohio Road, Madawaska Valley - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

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Market Timing

Location

Nearby Places

Neighbourhood profile (K0J)

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