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$849,000
Prince Edward County
58 Valhalla Lane, Prince Edward County (Athol), Ontario, K0L1P0
This 11-bedroom, 7-bathroom home in Prince Edward County is for sale offering roughly 4,250 sq ft of space. Its $849,000 asking price sits right in line with the $849,000 median in Prince Edward County. It has been on the market 33 days, fresher than the Prince Edward County average of 86 days.
Power of sale seasonal cottage compound at Flakes Cove on East Lake. Picturesque and tranquil waterfront with shallow rocky entry and waterside entertaining deck. Great for fishing, swimming, boating and enjoying our famous Prince Edward County sunsets. Close to Cherry Valley and 10 mins drive to Picton. Property consists of 5 seasonal cottages-1x3 Bdrm, 3x2 Bdrm, 1x1 Bdrm plus den each with private decks overlooking the water. Additional outbuildings include his + hers washrooms (in addition to each cottage having a 3 piece washroom) and laundry house, pump house, sauna, 2 large storage sheds. Recreational facilities include waterside deck, wooden swing, firepit and covered entertaining areas. Property requires additional renovations in order to complete what currently exists. Ideal opportunity for contractors or handyman to finish and set new current value seasonal rents. Zoning is tourist commercial, however, you could also build a year round single-family home under the current zoning... several adjacent properties are single-family year round homes. Property being sold as-is where-is condition with no representations or warranties of any kind. Cottages are accessed via a right of way laneway over 50 Valhalla Lane at the end turn left to 58 Valhalla Lane. Note: Do not enter recreational structure as it is unsafe to do so. No Representations or Warranties, property being sold AS IS-WHERE IS. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 33 days on market, against an average age of 86 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 67 days on the market over the past year, against a median of 48 days across the markets we publish.
This 11-bed single family in Prince Edward County (Athol) has been listed for 33 days, which is 53 days fresher than the city average of 86. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $849,000, about 10.7× the local median household income of $79,000.
Carrying it typically needs a household income of about $165,839 (20% down, 25-yr amortization, stress-tested) — roughly 110% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.