$499,900

For sale

141 Colin Farmer Road, Tay Valley - Single Family for Sale

141 Colin Farmer Road, Tay Valley, Ontario, K7H3C7

3 beds1 bath5 parking350 ft²75 × 169 ft (12,615 sq ft) lot sizeListed 104 days ago

Overview

This 3-bedroom, 1-bathroom home in Tay Valley is for sale offering roughly 350 sq ft of space. Listed at $499,900, it is attractively priced about 23% below the $650,000 median asking price in Tay Valley.

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Description

Welcome to Otty Lake! This charming three-season cottage offers a great opportunity to enjoy cottage life just a short drive from Perth, Ontario. Featuring three bedrooms, there's plenty of room for family and friends to spend weekends and summers at the lake. Enjoy your days swimming, boating, fishing, paddling, or simply relaxing by the water. Inside, the cottage offers a comfortable and cozy space with everything you need for an easy summer getaway. Located close to Perth, you're never far from shopping, restaurants, groceries, and other amenities while still enjoying everything that comes with being at the lake. Whether you're looking for a family cottage, a weekend getaway, or simply a place to spend your summers on the water, this Otty Lake property is ready for its next owners to make it their own and start creating memories at the lake. (id:66096)

Property Details

MLS®: X13598620
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Half Baths: 1
Parking: 5
Interior Size: 350 ft²
Lot Size: 75 × 169 ft (12,615 sq ft)
Frontage: 75 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Living room: 6 x 3.72 meters
Kitchen: 3.51 x 3.02 meters
Bedroom: 2.93 x 2.29 meters
Bedroom 2: 2.96 x 2.38 meters
Bedroom 3: 2.93 x 2.32 meters
Bathroom: 1.13 x 1.16 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
Foundation: Block
Exterior: Wood

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

104d

Tay Valley listings, avg age

87d

Price / ft²

$1,430

List price

$500K

Haho

This 3-bed single family in Tay Valley 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 RE/MAX FRONTLINE REALTY · Demi Klock

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7H)

This home lists at $499,900, about 6.1× the local median household income of $82,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.

Median household income: $82,000
Population: 16,175
Median age: 55.6
Owner / renter: 76% / 24%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K7H)

$499,900· $1,430/ft²

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.)$236/mo

Total monthly$2,869

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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