$395,900

For sale

17224 Highway 62, Madoc - Single Family for Sale

17224 Highway 62, Madoc, Ontario, K0K1Y0

3 beds2 baths3 parking249 × 871 ft (4.97 acres) lot sizeListed 265 days ago

Overview

This 3-bedroom, 2-bathroom home in Madoc is for sale. Listed at $395,900, it is attractively priced about 30% below the $565,000 median asking price in Madoc.

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Description

NATURE-INSPIRED LIVING ON APPROXIMATELY FOUR ACRES SURROUNDS THIS DISTINCTIVE CENTURY HOME, OFFERING EXCEPTIONAL SPACE, PRIVACY AND OUTDOOR RECREATION. BLENDING TIMELESS CHARACTER WITH EVERYDAY FUNCTIONALITY, THIS PROPERTY IS IDEAL FOR NATURE LOVERS, CONVENIENTLY ABUTTING THE HASTINGS HERITAGE TRAIL-RENOWNED FOR SMOWMOBILE AND ATV USE. THIS WELL MAINTAINED HOME FEATURES NUMEROUS UPDATES AND AN OPEN CONCEPT KITCHEN WITH CENTRE ISLAND OVERLOOKING DINING AREA, WOODSTOVE AND WALK-OUT TO SUNPORCH. BRIGHT, SPACIOUS LIVING ROOM WITH SOUTH AND WEST WINDOWS ALONG WITH MAIN FLOOR BATH AND COMBO LAUNDRY. UPPER LEVEL HOSTS THREE GENEROUS BEDROOMS. PRIMARY WITH DOUBLE CLOSET, ALONG WITH A SECOND BATHROOM, PROVIDING COMFORTABLE ACCOMMODATION FOR FAMILY LIVING. THE REAR OF THE HOME OPENS TO A LARGE YARD AND BACK DECK, CREATING AMPLE SPACE FOR OUTDOOR GATHERINGS AND RELAXATION. CONVENIENTLY LOCATED ON A SCHOOL BUS ROUTE, THIS PROPERTY COMBINES RURAL TRANQUILITY WITH PRACTICAL ACCESSIBITLTY. MORE THAN A RESIDENCE, THIS IS A LIFESTYLE OPPORTUNITY-OFFERING NATURAL BEAUTY AND A TRUE CONNECTION TO THE OUTDOORS WHILE ONLY A SHORT DISTINCE INTO MADOC FOR ALL AMENITIES!! (id:66096)

Property Details

MLS®: X12784546
Property Type: Single Family
Zoning: CF/R2/EP
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 3
Lot Size: 249 × 871 ft (4.97 acres)
Frontage: 249 ft
Storeys: 1
Basement: Crawl space
Heating: Heat Pump, Electric
Cooling: Wall unit
Garage: Other, No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $1,663.45/yr
Listed

Rooms

Main level

Kitchen: 3.45 x 5.98 meters
Dining room: 3.44 x 6.03 meters
Living room: 4.53 x 4.56 meters
Sunroom: 6.89 x 2.25 meters
Bathroom: 2.22 x 4.66 meters

Second level

Primary Bedroom: 4.44 x 4.5 meters
Bedroom 2: 3.34 x 3.96 meters
Bedroom 3: 3.45 x 3.96 meters
Bathroom: 2.37 x 2.61 meters

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

Features

Appliances: Washer, Refrigerator, Water softener, Stove, Dryer, Microwave, Water Treatment, Hood Fan, Window Coverings, Water Heater
Flooring: Hardwood
Foundation: Stone
Exterior: Aluminum siding
Lot Features: Wooded area, Irregular lot size, Partially cleared, Conservation/green belt

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

265d

Madoc listings, avg age

88d

List price

$396K

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 3-bed single family in Madoc is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Century 21 United Realty Inc. · Joanne Dean

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0K)

This home lists at $395,900, about 4.8× the local median household income of $83,000.

Carrying it typically needs a household income of about $77,333 (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)

$395,900

For sale

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Full Cost Breakdown

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Down Payment5% · $19,795

Min 5%50%

Mortgage payment$2,085/mo

↳ CMHC premium ($15,044 capitalized)

Property tax (est.)$139/mo

Total monthly$2,224

Cash Needed to Close

Down payment (5%)$19,795

Land transfer tax$4,414

Est. closing costs$3,688

Total cash needed$27,897

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