$244,000

For sale

00 Near Bannockburn Rd. Road, Madoc - Single Family for Sale

00 Near Bannockburn Rd. Road, Madoc, Ontario, K0K1Y0

1 bed1 bath8 parking350 ft²165 × 919 ft (3.47 acres) lot sizeListed 47 days ago

Overview

This 1-bedroom, 1-bathroom home in Madoc is for sale offering roughly 350 sq ft of space. It has been on the market 47 days, fresher than the Madoc average of 88 days.

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Description

Privacy, off grid. If this is the type of lifestyle you are looking for, this is the perfect spot. Sitting on 5 acres of endless opportunity. Whether you are looking for a camp, seasonal or year round living this gives you many options. It has a separate outdoor kitchen, a fenced in garden with its own greenhouse. Many fruit trees, perennials, berry bushes, as well as mushroom logs that are getting established. A bunkie for extra guests, a workshop as well as storage shed for the toys. This custom built home is winterized, close access to ATV/snowmobile trails. The solar and wind power equipment, battery system ,inverter, and generator will keep you powered and running. The current water source is rain tanks that supply the on demand water heaters, as well as the kitchen. No neighbours to be seen from here, but only 10 minutes to Madoc, 50 minutes to Belleville and approximately 40 minutes to Bancroft. (id:66096)

Property Details

MLS®: X13805236
Property Type: Single Family
Zoning: RU/EP
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Half Baths: 1
Parking: 8
Interior Size: 350 ft²
Lot Size: 165 × 919 ft (3.47 acres)
Frontage: 165 ft
Basement: None
Heating: Solar, Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Bedroom: 5.15 x 3.82 meters
Kitchen: 2.26 x 3.47 meters
Living room: 3.47 x 2.85 meters
Bathroom: 1.98 x 0.84 meters

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

Features

Appliances: Water Heater - Tankless
Foundation: Wood/Piers
Exterior: Steel
Lot Features: Wooded area, Partially cleared, Solar Equipment

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

47d

Madoc listings, avg age

88d

Price / ft²

$698

List price

$244K

Homes here sell slower than most markets

Sold homes in this market spent an average of 73 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.

Haho

This 1-bed single family in Madoc has been listed for 47 days, which is 41 days fresher than the city average of 88. Act while there is still low competition.

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Listed by Exit Realty Liftlock · Penny Semlitch

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0K)

This home lists at $244,000, about 2.9× the local median household income of $83,000.

Carrying it typically needs a household income of about $47,662 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 115,850
Median age: 50.8
Owner / renter: 86% / 14%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0K)

$244,000· $698/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,200

Min 5%50%

Mortgage payment$1,285/mo

↳ CMHC premium ($9,272 capitalized)

Property tax (est.)$40/mo

Total monthly$1,325

Cash Needed to Close

Down payment (5%)$12,200

Land transfer tax$2,165

Est. closing costs$3,232

Total cash needed$17,597

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