$349,900

For sale

Book a showing

662A Long Lake Road, Madawaska Valley - Single Family for Sale

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

4 beds2 baths7 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)

682 Long Lake Road, Madawaska Valley, Ontario, K0J1B0

6 bd3 ba15 pk2,250 ft²

Listed by ROYAL LEPAGE TEAM REALTY

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$349,900

Madawaska Valley

Book a showing

Overview

This 4-bedroom, 2-bathroom home in Madawaska Valley is for sale offering roughly 1,300 sq ft of space. Listed at $349,900, it is attractively priced about 40% below the $588,000 median asking price in Madawaska Valley. It has been on the market 26 days, fresher than the Madawaska Valley average of 180 days.

Houses for Sale in Madawaska Valley →All real estate in Madawaska Valley →

Description

326 feet of a gorgeous sandy beach with shallow entry on beautiful Long Lake. Perfect beach for those little ones to frolic in the lake. Enjoy your morning coffee sitting by the lakeside, listening to the call of the loon and watching the sunrise. This area has some of the best snowmobile and ATV trails Ontario has to offer. Long Lake is known for it's excellent fishing, swimming and boating. This property has two separate cottages, each having two bedrooms, a family room, kitchen and four piece bathroom. Each cottage is approximately 602 square feet. Perfect for extended families or an investment property. (id:66096)

Rooms

Main level

Kitchen: 2.3 x 2.25 meters
Dining room: 4.17 x 3.06 meters
Family room: 4.17 x 4.6 meters
Bedroom: 3.42 x 1.9 meters
Bedroom 2: 2.83 x 2.66 meters
Kitchen: 4.63 x 2.2 meters
Family room: 4.6 x 2.8 meters
Bedroom: 3.42 x 2.82 meters
Bedroom 2: 3.42 x 1.74 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

26d

Madawaska Valley listings, avg age

180d

Price / ft²

$269

List price

$350K

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 $349,900, about 4.6× the local median household income of $76,000.

Carrying it typically needs a household income of about $68,348 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$349,900· $269/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $17,495

Min 5%50%

Mortgage payment$1,843/mo

↳ CMHC premium ($13,296 capitalized)

Property tax (est.)$235/mo

Total monthly$2,078

Cash Needed to Close

Down payment (5%)$17,495

Land transfer tax$3,724

Est. closing costs$3,550

Total cash needed$24,769

Get Pre-Approved · Free & Fast

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

662A Long Lake Road, Madawaska Valley - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K0J)

Book a showing

Full Cost Breakdown