$554,900

For sale

505 Pigden Road, Madoc - Single Family for Sale

505 Pigden Road, Madoc, Ontario, K0K2K0

2 beds2 baths6 parking900 ft²150 × 308 ft (1.05 acres) lot sizeListed 55 days ago

Overview

This 2-bedroom, 2-bathroom home in Madoc is for sale offering roughly 900 sq ft of space. Its $554,900 asking price sits right in line with the $565,000 median in Madoc. It has been on the market 55 days, fresher than the Madoc average of 88 days.

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Description

Take advantage of the HST rebates and buy new! This Farnsworth Construction home sits on a quiet dead-end road just outside Madoc and is ready for move-in. The main level offers 1040 sq ft with 2 bedrooms, 2 bathrooms, and an open-concept kitchen, dining, and living area that walks out to a covered 12x12 backyard deck. The full basement includes a rough-in for a bathroom and plenty of space to finish to your liking. Features include ceramic tile in the bathrooms and entryway, laminate flooring throughout the main level, a propane furnace, central air, and a UV system. An attached garage provides inside access to the front foyer along with a rear man door. The home sits on a 1-acre lot with its own well and septic, meaning no water or sewer bills, and comes with full Tarion warranty coverage for added peace of mind. Close to lakes and recreational trails, it's an ideal spot for outdoor enjoyment. (id:66096)

Property Details

MLS®: X13768374
Property Type: Single Family
Zoning: RR
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 6
Interior Size: 900 ft²
Lot Size: 150 × 308 ft (1.05 acres)
Frontage: 150 ft
Storeys: 1
Style: Raised bungalow
Basement: Unfinished, Full
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Listed

Rooms

Main level

Kitchen: 2.74 x 3.07 meters
Dining room: 3.01 x 3.07 meters
Great room: 3.44 x 3.13 meters
Primary Bedroom: 4.14 x 3.26 meters
Bedroom: 3.26 x 2.83 meters

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

Features

Appliances: Garage door opener, Water Heater
Foundation: Poured Concrete
Exterior: Vinyl siding
Lot Features: Irregular lot size

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Madoc listings, avg age

88d

Price / ft²

$617

List price

$555K

Homes here sell slower than most markets

Sold homes in this market spent an average of 71 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 2-bed single family in Madoc has been listed for 55 days, which is 33 days fresher than the city average of 88. Act while there is still low competition.

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Listed by Century 21 Lanthorn Real Estate Ltd · Steve Bancroft

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0K)

This home lists at $554,900, about 6.7× the local median household income of $83,000.

Carrying it typically needs a household income of about $108,391 (20% down, 25-yr amortization, stress-tested) — roughly 31% 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)

$554,900· $617/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment5.49% · $30,490.00

Min 5.49%50%

Mortgage payment$2,907/mo

↳ CMHC premium ($20,976 capitalized)

Est. property tax$0/mo

Total monthly$2,907

Cash Needed to Close

Down payment (5.49%)$30,490

Land transfer tax$7,573

Est. closing costs$4,165

Total cash needed$42,228

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