$499,900

For sale

656 A Yarrow Lane, Marmora and Lake (Lake Ward) - Single Family for Sale

656 A Yarrow Lane, Marmora and Lake (Lake Ward), Ontario, K0K2K0

3 beds1 bath6 parking272 × 801 ft (5.00 acres) lot sizeListed 200 days ago

Overview

This 3-bedroom, 1-bathroom home in Marmora and Lake is for sale. Listed at $499,900, it is attractively priced about 33% below the $749,900 median asking price in Marmora and Lake.

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Description

Escape to the lake and experience true off-grid living on beautiful Jarvis Lake. Conveniently located just off Hwy 7 between Madoc and Marmora, this secluded 4.41-acre property is accessed by a private three-season road, offering both privacy and ease of access. The well-maintained 3-bedroom cottage is fully equipped for comfortable getaways, powered by a quiet solar system for peaceful enjoyment and supported by a Generac generator when needed. Set atop a treed hill, the property provides a serene, natural setting perfect for unwinding. Water supplied by holding tanks which collect rain water, has an on demand water heater and a compost toilet inside, plus a privy. A detached 20' x 32' insulated garage/workshop-complete with a wood stove, offers excellent space for hobbies, storage, or a cozy retreat. Down by the water, enjoy exceptional bass fishing on this private, no-public-access lake, or relax by the shoreline with an evening campfire under the stars. This turnkey property comes fully furnished, including a 12-ft aluminum boat-everything you need to start enjoying right away. Accessed by a private 3 season road. With a quick closing available, you can make the most of the upcoming summer and fall seasons. (id:66096)

Property Details

MLS®: X13015700
Property Type: Single Family
Zoning: LSR
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 6
Lot Size: 272 × 801 ft (5.00 acres)
Frontage: 271 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Wood, Other
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Bedroom: 3 x 2.8 meters
Bedroom 2: 3 x 2.8 meters
Primary Bedroom: 6 x 5 meters
Kitchen: 4 x 3.5 meters
Great room: 6 x 6 meters
Bathroom: 3 x 1.5 meters

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

Features

Appliances: Refrigerator, Stove, Furniture, Water Heater
Foundation: Wood/Piers
Exterior: Vinyl siding
Lot Features: Wooded area, Irregular lot size, Sloping, Solar Equipment

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

200d

Marmora and Lake (Lake Ward) listings, avg age

165d

List price

$500K

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 3-bed single family in Marmora and Lake (Lake Ward) 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 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 $499,900, about 6.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$499,900

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$345/mo

Total monthly$2,978

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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