$329,900

For sale

28 Madoc Street, Marmora and Lake (Marmora Ward) - Single Family for Sale

28 Madoc Street, Marmora and Lake (Marmora Ward), Ontario, K0K2M0

2 beds1 bath3 parking900 ft²103 × 80 ft (8,225 sq ft) lot sizeListed 21 days ago

Overview

This 2-bedroom, 1-bathroom home in Marmora and Lake is for sale offering roughly 900 sq ft of space. It has been on the market 21 days, fresher than the Marmora and Lake average of 115 days.

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Description

Discover this affordable bungalow in the heart of Marmora, conveniently located just a short walk from downtown and all amenities. This home offers 2 bedrooms plus a den that could serve as a 3rd bedroom, along with separate living and dining areas featuring hardwood floors. The kitchen includes a cozy eating area, while the mudroom/laundry area provides convenient access to both the kitchen and the 3-season sunroom overlooking the yard. Peace of mind with a gas furnace installed in 2023, and the asphalt shingle roof is approximately 12 years old. There's parking for 3 vehicles, plus a concrete pad ready for a new garage/shed to be built. Appliances are included, and some or all of the furniture can stay if desired, making this an appealing option for first-time buyers, downsizers, or investors. With a quick closing available, this affordable opportunity is ready for its next owner! (id:66096)

Property Details

MLS®: X14032454
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 103 × 80 ft (8,225 sq ft)
Frontage: 103 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $2,108.23/yr
Listed

Rooms

Main level

Living room: 3.47 x 5.57 meters
Dining room: 6.91 x 3.35 meters
Bedroom: 3.47 x 3.44 meters
Bedroom 2: 3.35 x 2.92 meters
Kitchen: 3.47 x 3.93 meters
Other: 2.74 x 2.13 meters
Bathroom: 2.86 x 1.06 meters
Laundry room: 4.66 x 2.25 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, Dishwasher, Stove, Dryer, Water Heater
Foundation: Stone
Exterior: Aluminum siding
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Marmora and Lake (Marmora Ward) listings, avg age

115d

Price / ft²

$367

List price

$330K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 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 94.2 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 Marmora and Lake (Marmora Ward) has been listed for 21 days, which is 94 days fresher than the city average of 115. 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 $329,900, about 4.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $64,441 (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)

$329,900· $367/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,495

Min 5%50%

Mortgage payment$1,738/mo

↳ CMHC premium ($12,536 capitalized)

Property tax (est.)$176/mo

Total monthly$1,913

Cash Needed to Close

Down payment (5%)$16,495

Land transfer tax$3,424

Est. closing costs$3,490

Total cash needed$23,409

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