Homula Realty Brokerage
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858 St Ola Road, Limerick, ON K0L 1W0

1+2 beds · 2 baths · 1 kitchen · 55+5 rooms · 5 parking spaces · 2000-2500 sq ft · Detached
$376,000
Property tax
$2,041 / year

ESCAPE TO THE QUAINT VILLAGE OF ST. OLA and you will discover this incredible historic property. One of the original homes built in this village in 1863 by early Settlers. This property has seen many uses over the years including a boarding house and a Bed and Breakfast. Sitting in a pretty park like setting among the Sumacs and situated on 1.73 acres of level, waterfront land backing onto Beaver Creek. This large lot has perennial gardens, apple trees, an insulated bunkie with room for more bunkies to be built and a workshop. Spacious, bright and airy throughout, this layout would serve a family well or even a country Bed and Breakfast with income potential. This well built home has seen many upgrades throughout the years including, electrical wiring and a 200 Amp panel, plumbing, insulation, windows, well and septic , propane furnace, 2 propane heating stoves for extra comfort, some new flooring, upgrades to bathrooms, new IKEA Kitchen cupboards and all newer appliances throughout. There are 2 Laundry rooms with washers and dryers on the main and upper floor. Boasting over 1,600 square feet of interior living space and lots of outdoor living space with a large screened in porch, 20x40 Wrap around porch plus a 10x20 deck with removable gazebo overlooking the backyard and pool area. There is easy year round access and exits via a circular driveway . Whether you are into Kayaking, boating, swimming or fishing there are many opportunities either directly on Beaver Creek or just a short walk/drive up the road you will find the boat launches for St. Ola and Limerick Lakes which are part of a 4 Lake chain for hundreds of waterfront acres to explore.. This unique home has never lost its original charm and beauty as many of the original finishes are still intact. Loved and cared for by many families over the years this unique, nostalgic property could be yours, Located just 30 minutes North of Madoc and Highway 7 and just 25 Minutes south Bancroft. Book your showing today.

MLS number
X13560440
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
K0L 1W0
Photos
39
60days · this listing
60days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 436 people.

$54,400Median household income
92.3%Own their home
100%Detached houses
60Median age
6.9%Born outside Canada
6.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120251 — the few blocks around this address, home to 436 people. It describes the area, not this property.

436Population
53Average age
2.1Household size
$86,000Average household income
$54,400Median household income
92%Own their home
8%Rent
0%Condominiums
7%Born outside Canada
7%University degree
$432,000Average home value
19%Low income
20%Never married
$10,000 to $14,9992%
$15,000 to $19,9994%
$20,000 to $24,9992%
$25,000 to $29,9996%
$30,000 to $34,9994%
$35,000 to $39,9996%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,99913%
$60,000 to $69,9996%
$70,000 to $79,9992%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over19%
$100,000 to $124,9998%
$125,000 to $149,9994%
$150,000 to $199,9992%
$200,000 and over4%

Percentages are of the 240 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.

$75,200 · minimum here is $18,800
$1,664.85per month
Borrowed before insurance$300,800
Total borrowed$300,800
Interest over 25 years at 4.5%$198,654

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$1,207.93per month out of pocket
Rent$627.00
Everything it costs to hold$1,834.93
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 RE/MAX COUNTRY CLASSICS LTD.. Listing data provided by the Toronto Regional Real Estate Board.