$449,900

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14945 Highway 62 Highway, Madoc - Single Family for Sale

14945 Highway 62 Highway, Madoc, Ontario, K0K2K0

7 beds2 baths10 parking ft²

156 Cooper Road, Madoc, Ontario, K0K2K0

3 bd3 ba36 pk1,750 ft²Lot size 5.43 acres

Listed by RIGHT AT HOME REALTY

932 Hunt Club Road, Madoc, Ontario, K0K2K0

For sale

13 days ago

$750K

932 Hunt Club Road, Madoc, Ontario, K0K2K0

3 bd3 ba11 pk2,250 ft²Lot size 2005 × 2159 ft (99.38 acres)

Listed by Century 21 Lanthorn Real Estate Ltd

For sale

28 days ago

$830K

181 Jarvis Road, Madoc, Ontario, K0K2K0

3 bd3 ba8 pk1,750 ft²Lot size 191 × 245 ft (1.07 acres)

Listed by Exit Realty Group

47 Reynolds Road, Madoc, Ontario, K0K2K0

For salePrice drop

33 days ago

$475K$500K

↓ $25K (5%) price drop

47 Reynolds Road, Madoc, Ontario, K0K2K0

3 bd1 ba4 pk1,300 ft²Lot size 175 × 250 ft (1.00 acres)

Listed by Century 21 Lanthorn Real Estate Ltd

Investment analysis

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$449,900

Madoc

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Description

Tired of the hustle and bustle? If you have always desired a private log home on 10+ well-treed acres, this could be the property for you. A diamond in the rough, this massive 5,200 square foot open concept log home has unlimited possibilities. Featuring tongue and groove wood ceilings, a large stone fireplace and a steel roof, this property already has some great starting features to expand on. The 10 acres are wooded with mature trees and a year-round creek. Close proximity to Madoc, ON and easy access off Hwy 62. DO NOT VISIT THE PROPERTY WITHOUT YOUR REALTOR. (id:66096)

Property Details

MLS®: X14127806
Property Type: Single Family
Zoning: RU/EP
Bedrooms: 7
Beds (above / below): 7 above · 0 below
Bathrooms: 2
Parking: 10
Interior Size: 5,000+ ft²
Lot Size: 497 × 900 ft (10.26 acres)
Frontage: 497 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Crawl space
Heating: Baseboard heaters, Forced air, Oil
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $2,988/yr
Listed: 6 days ago

Market Timing

Days on market

Madoc listings, avg age

88d

List price

$450K

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.

Area context

Neighbourhood profile (K0K)

This home lists at $449,900, about 5.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $87,881 (20% down, 25-yr amortization, stress-tested) — roughly 6% above 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)

$449,900

For sale

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Full Cost Breakdown

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Down Payment5% · $22,495

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,096 capitalized)

Property tax (est.)$249/mo

Total monthly$2,619

Cash Needed to Close

Down payment (5%)$22,495

Land transfer tax$5,473

Est. closing costs$3,850

Total cash needed$31,818

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

14945 Highway 62 Highway, Madoc - Single Family for Sale

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Description

Property Details

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Neighbourhood profile (K0K)

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