Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

240 Stringer Drive, Faraday, ON K0L 1C0

3 beds · 3 baths · 1 kitchen · 8 rooms · 6 parking spaces · 1500-2000 sq ft · Laundry on the main level level · Detached
$1,149,000
Property tax
$7,941 / year

We are pleased to present this exceptional four season home, situated on over 11 acres with 454 feet of prime west facing waterfront, on Coe Island Lake. Whether you are looking for a year round residence or a private cottage retreat, you will appreciate the pride of ownership displayed throughout this property. From the winding laneway through a mature hardwood forest, to the perfectly situated custom built home, every detail has been considered. The main level features an open floor plan with large windows and patio doors facing the lake, while a covered porch and large deck offer versatile outdoor living space. The full walk-out basement is ideal for guests and includes a cedar sauna, and outside is hot tub to enhance the full relaxation experience. The professionally landscaped gardens and rock pathways lead gracefully to the spectacular waterfront, which features limestone shelves and crystal-clear waters, perfect for bass and splake fishing. The property also boasts a manicured trail system for hiking or ATVs and a heated shop with a finished second level for entertaining. Located just 20 minutes from Bancroft and 2.5 hours from the GTA, this is a truly unique offering.

MLS number
X13523046
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
3
Postal code
K0L 1C0
Photos
47
Laundry
Main Level level
71days · 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.

Matched to a published address point for this address.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 587 people.

$63,600Median household income
92.3%Own their home
98.2%Detached houses
56.8Median age
9.6%Born outside Canada
10.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120246 — the few blocks around this address, home to 587 people. It describes the area, not this property.

587Population
50.2Average age
2.1Household size
$77,000Average household income
$63,600Median household income
92%Own their home
8%Rent
0%Condominiums
10%Born outside Canada
10%University degree
$436,000Average home value
18%Low income
19%Never married
Under $5,0001%
$10,000 to $14,9991%
$15,000 to $19,9993%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9997%
$40,000 to $44,9994%
$45,000 to $49,9993%
$50,000 to $59,9997%
$60,000 to $69,99910%
$70,000 to $79,9997%
$80,000 to $89,9994%
$90,000 to $99,9993%
$100,000 and over19%
$100,000 to $124,9997%
$125,000 to $149,9993%
$150,000 to $199,9996%
$200,000 and over1%

Percentages are of the 335 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.

$229,800 · minimum here is $89,900
$5,087.52per month
Borrowed before insurance$919,200
Total borrowed$919,200
Interest over 25 years at 4.5%$607,057

If you rented it out

-$5,749.27per month out of pocket
Rent$0.00
Everything it costs to hold$5,749.27
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 Ball Real Estate Inc.. Listing data provided by the Toronto Regional Real Estate Board.