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Lot 8 Lakewoods Drive, Madawaska Valley, ON K0J 1B0

Vacant Land
$250,000

Welcome to Lot 8 Lakewoods Drive, a stunning 2.738-acre elevated lot with glimpses of the lake featuring an installed driveway and a cleared building envelope, with hydro service available at the lot line. This property has a variety of mature growth for added privacy. Just steps away, you'll find a docking system with leased spaces for each lot owner, along with a public boat launch for convenient access to the lake. Located in the emerging True North Lakewoods Estate, you'll be part of a vibrant community while enjoying the tranquility of nature. Access is easy via a municipal road. Bark Lake is part of a larger system managed by OPG, with over 90% of its shoreline consisting of crown land, ensuring the True North experience. This area is ideal for fishing featuring Large & Small mouth Bass, Pike, Walleye, Perch andTrout and supports all water sports, enhancing the lifestyle offered by this development.

MLS number
X13079876
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K0J 1B0
Photos
12
Laundry
Not in the unit
131days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,168 people.

$68,500Median household income
93.9%Own their home
98.2%Detached houses
59.6Median age
9.3%Born outside Canada
17.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120232 — the few blocks around this address, home to 1,168 people. It describes the area, not this property.

1,168Population
53.3Average age
2.1Household size
$81,600Average household income
$68,500Median household income
94%Own their home
6%Rent
0%Condominiums
9%Born outside Canada
17%University degree
$478,000Average home value
15%Low income
17%Never married
Under $5,0001%
$5,000 to $9,9991%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9994%
$35,000 to $39,9996%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9997%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over22%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over4%

Percentages are of the 715 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$50,000 · minimum here is $12,500
$1,106.95per month
Borrowed before insurance$200,000
Total borrowed$200,000
Interest over 25 years at 4.5%$132,084

If you rented it out

-$1,106.95per month out of pocket
Rent$0.00
Everything it costs to hold$1,106.95
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by EXP REALTY. Listing data provided by the Toronto Regional Real Estate Board.