$499,000

For sale

388 Cottage Road, Montague - Single Family for Sale

388 Cottage Road, Montague, Ontario, K7A5B8

2 beds1 bath4 parking125 × 103 ft (12,888 sq ft) lot sizeListed 124 days ago

Overview

This 2-bedroom, 1-bathroom home in Montague is for sale. Listed at $499,000, it is attractively priced about 22% below the $639,900 median asking price in Montague. It has been on the market 124 days, fresher than the Montague average of 127 days.

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Description

Welcome to Firefly Cottage! Tucked along a peaceful stretch of the Rideau River, just minutes from historic Merrickville and Smiths Falls, this stunning 2017-built, log and cedar, three season cottage offers the ultimate turnkey escape. Featuring approximately 115 feet of west-facing waterfront for spectacular sunsets and backing onto private Crown Land, the property is an exclusive spot to relax and unwind. The great room offers a vaulted ceiling with a cozy wood stove installed in (2021). The bright sunroom has panoramic water views and double doors to separate the spaces. The bathroom with new shower, vanity and tiled floor (2025) offers modern convenience with the same beautiful design feel. There are two bedrooms that can remain fully furnished with the possibility of a third in the separate powered shed/bunkie. A 10x10 floating dock, and an artesian well system also come with the property. This nature lovers retreat offers an effortless, low-maintenance slice of paradise on the historic Rideau water system. This is a spot for lazy afternoons, canoe rides and bonfires under the stars. Whether you're fishing or simply relaxing by the shore under the canopy of cedars, you will love the tranquility of this riverfront retreat. Private road, maintenance is approx $200/year for spring and fall grading. (id:66096)

Property Details

MLS®: X13521616
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Lot Size: 125 × 103 ft (12,888 sq ft)
Frontage: 125 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax

Features

Appliances: Refrigerator, Stove
Foundation: Wood/Piers
Exterior: Wood
Lot Features: Level lot, Level

Services

Water: Artesian Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

124d

Montague listings, avg age

127d

List price

$499K

Homes here sell slower than most markets

Sold homes in this market spent an average of 66 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 2-bed single family in Montague has been listed for 124 days, which is 3 days fresher than the city average of 127. Act while there is still low competition.

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Listed by RE/MAX AFFILIATES MARQUIS · Tegan Mackey

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7A)

This home lists at $499,000, about 6.7× the local median household income of $74,500.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 31% above the area median.

Median household income: $74,500
Population: 17,575
Median age: 46.8
Owner / renter: 72% / 28%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K7A)

$499,000

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$232/mo

Total monthly$2,860

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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