$699,900

For sale

408 Jennison Road, Marmora and Lake (Marmora Ward) - Single Family for Sale

408 Jennison Road, Marmora and Lake (Marmora Ward), Ontario, K0L1W0

4 beds1 bath6 parking1,300 ft²125 × 305 ft (38,034 sq ft) lot sizeListed 112 days ago

Overview

This 4-bedroom, 1-bathroom home in Marmora and Lake is for sale offering roughly 1,300 sq ft of space. It has been on the market 112 days, fresher than the Marmora and Lake average of 115 days.

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Description

Remarks: This perfect family cottage is tucked among towering pines and birch, offering Southwest views for sun all day and sunsets from the elevated waterfront deck. Dickey Lake is famous for its crystal clear waters and pretty shorelines. The cottage has an open concept layout with three bedrooms and another very tiny bedroom that the young ones love to call their own! The cottage is in great shape, it shows pride of ownership and is ready to move into with all furnishings included. It also comes with all the tools and maintenance items needed, including a tin boat and motor for trying your luck at catching bass and lake trout. The water system is lake fed with a heated waterline to the lake and a UV system so winter use is no problem at all. The cottage has a WETT inspected woodstove, a propane stove and baseboard heaters in the bedrooms. These long term owners have done a great job with the maintenance, ensuring incredible views and the feeling of a true Canadian Shield experience. This property sits on a year round maintained road, with garbage and recycling pick up at the end of the lane way. Only 2.5 hrs from the GTA or Ottawa. (id:66096)

Property Details

MLS®: X13568572
Property Type: Single Family
Zoning: Waterfront Residential
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 125 × 305 ft (38,034 sq ft)
Frontage: 125 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Partial
Heating: Baseboard heaters, Electric, Propane
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Foyer: 2.37 x 2.18 meters
Living room: 3.97 x 5.11 meters
Dining room: 1.99 x 3.3 meters
Family room: 6.42 x 6.76 meters
Kitchen: 2.5 x 4.29 meters
Bathroom: 1.62 x 2.3 meters
Primary Bedroom: 2.53 x 4.19 meters
Bedroom 2: 2.5 x 4.2 meters
Bedroom 3: 2.68 x 2.56 meters
Bedroom 4: 1.79 x 1.72 meters

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

Features

Foundation: Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Irregular lot size, Sloping, Rolling

Services

Water: Lake/River Water Intake
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

112d

Marmora and Lake (Marmora Ward) listings, avg age

115d

Price / ft²

$538

List price

$700K

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 4-bed single family in Marmora and Lake (Marmora Ward) has been listed for 112 days, which is 3 days fresher than the city average of 115. Act while there is still low competition.

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Listed by Ball Real Estate Inc. · Jim Alexander

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $699,900, about 8.9× the local median household income of $79,000.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 73% above the area median.

Median household income: $79,000
Population: 78,142
Median age: 54
Owner / renter: 88% / 12%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K0L)

$699,900· $538/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,990.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Property tax (est.)$425/mo

Total monthly$4,056

Cash Needed to Close

Down payment (6.43%)$44,990

Land transfer tax$10,473

Est. closing costs$4,600

Total cash needed$60,063

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