$549,900

For sale

378 Spectacle Lake Road, Madawaska Valley - Single Family for Sale

378 Spectacle Lake Road, Madawaska Valley, Ontario, K0J1B0

3 beds1 bath5 parking350 ft²140 × 264 ft (36,974 sq ft) lot sizeListed 44 days ago

Overview

This 3-bedroom, 1-bathroom home in Madawaska Valley is for sale offering roughly 350 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 44 days, fresher than the Madawaska Valley average of 182 days.

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Description

Spectacle Lake - 3-Bedroom Three-Season Waterfront Getaway. Enjoy lakefront living at this comfortable 3-bedroom getaway on Spectacle Lake. The property is set up for seasonal use, with direct access to the snowmobile trail system and ATV riding right from your doorstep.The property has seen many upgrades over the past two years, including updated plumbing and electrical with a new 200-amp panel, a new garage for storing your toys, a gazebo, a new septic system, and an airtight wood stove.The property is being sold fully furnished, including the kitchen, bathroom, and outdoor furniture, so it's ready to enjoy from day one.A great place for family and friends to gather for Thanksgiving, Christmas, spring weekends, summer on the lake, and everything in between. (id:66096)

Property Details

MLS®: X13820684
Property Type: Single Family
Zoning: Residential
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 5
Interior Size: 350 ft²
Lot Size: 140 × 264 ft (36,974 sq ft)
Frontage: 140 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric, Wood
Cooling: Window air conditioner
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront

Rooms

Ground level

Dining room: 2.1 x 6.82 meters
Living room: 3.46 x 4.54 meters
Kitchen: 4.15 x 2.31 meters
Primary Bedroom: 3.03 x 2.31 meters
Bedroom 2: 2.34 x 2.76 meters
Bedroom 3: 2.2 x 2.19 meters
Bathroom: 1.25 x 1.72 meters

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

Features

Appliances: Furniture, Water Heater
Foundation: Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Sloping, Rolling, Flat site, Carpet Free

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity, Wireless

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Madawaska Valley listings, avg age

182d

Price / ft²

$1,573

List price

$550K

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 3-bed single family in Madawaska Valley has been listed for 44 days, which is 138 days fresher than the city average of 182. Act while there is still low competition.

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Listed by RE/MAX COUNTRY CLASSICS LTD. · Cathy Pitts

Location

Approximate location — exact address confirmed upon showing

Nearby Places

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· $1,573/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.)$139/mo

Total monthly$3,021

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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