$599,000

For sale

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83 Chapel Road, Madawaska Valley - Single Family for Sale

83 Chapel Road, Madawaska Valley, Ontario, K0J2M0

2 beds1 bath4 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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$599,000

Madawaska Valley

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Overview

This 2-bedroom, 1-bathroom home in Madawaska Valley is for sale offering roughly 350 sq ft of space. Its $599,000 asking price sits right in line with the $588,000 median in Madawaska Valley. It has been on the market 156 days, fresher than the Madawaska Valley average of 181 days.

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

Description

Escape to the lake! This charming waterfront cottage on desirable Wadsworth Lake offers the perfect blend of tranquility and convenience, located just minutes from Barry's Bay. The bright, open-concept layout features a cozy oven, large windows with panoramic lake views, and a seamless flow to an expansive lakeside deck. Enjoy a safe, shallow sandy shoreline ideal for all ages to swim, fish, and kayak. Boasting excellent year-round road access and close proximity to local shops, dining, and amenities, this turnkey property is your ultimate summer getaway or lucrative rental investment. (id:66096)

Property Details

MLS®: X13221676
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 350 ft²
Lot Size: 320 × 53 ft (16,960 sq ft)
Frontage: 320 ft
Storeys: 1
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Property Tax: $2,351/yr
Listed: 156 days ago

Market Timing

Days on market

156d

Madawaska Valley listings, avg age

181d

Price / ft²

$1,714

List price

$599K

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 $599,000, about 7.9× the local median household income of $76,000.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 54% 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)

$599,000· $1,714/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$196/mo

Total monthly$3,323

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$8,455

Est. closing costs$4,297

Total cash needed$47,652

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

83 Chapel Road, Madawaska Valley - Single Family for Sale

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Neighbourhood profile (K0J)

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