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474A Spectacle Lake Road, Madawaska Valley, ON K0J 1B0

2+1 beds · 1 bath · 1 kitchen · 8 rooms · 2 parking spaces · 700-1100 sq ft · Detached
$449,900
Property tax
$1,959 / year

A true cottage on beautiful Spectacle Lake in Barry's Bay. Set on 160 feet of natural shoreline, this property offers a peaceful waterfront setting with a small ground-level dock that's perfect for relaxing in the sun or casting a fishing line.The cottage features a spacious living room, a good-sized kitchen, two bedrooms, a 3-piece bathroom, and a three-season sunroom stretching across the front.A lakeside bunkie provides extra space for family and guests, complete with a bonus bedroom and its own sunporch.Tucked into a quiet corner of the lake, this west-facing property enjoys beautiful afternoon and evening sun, good privacy, and a classic cottage atmosphere. Being sold fully furnished, it's ready for you to arrive and start enjoying lake life.

MLS number
X13586634
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
K0J 1B0
Photos
25
Laundry
Not in the unit
55days · 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.

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 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.

$89,980 · minimum here is $22,495
$1,992.06per month
Borrowed before insurance$359,920
Total borrowed$359,920
Interest over 25 years at 4.5%$237,698

If you rented it out

-$2,155.31per month out of pocket
Rent$0.00
Everything it costs to hold$2,155.31
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.