Homula Realty Brokerage
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698 Mitchell Road, Madawaska Valley, ON K0J 1B0

3 beds · 2 baths · 1 kitchen · 9 rooms · 4 parking spaces · 1500-2000 sq ft · Detached
$859,000
Property tax
$3,476 / year

Welcome to exceptional living in prestigious Algonquin Heights Estates, where luxury craftsmanship meets the beauty of nature. Built in 2023, this stunning custom-designed home offers 3 bedrooms, 2 bathrooms, and is perfectly situated on a private, beautifully treed 1-acre lot at the end of a quiet dead-end road, offering the ideal balance of privacy, tranquility, and convenience. Enjoy deeded access to the crystal-clear waters of Trout Lake, complete with a private dock-perfect for launching a kayak or paddleboard, or simply relaxing by the shoreline. Inside, you'll be captivated by the home's grand, open feel. Soaring 9-foot ceilings throughout both levels, complemented by impressive vaulted ceilings in the living room and sunroom, create a bright, airy atmosphere. Expansive windows fill the home with natural light while framing beautiful forest views, while the stunning propane fireplace creates a warm and inviting focal point, making the living room the perfect place to gather and unwind. The chef-inspired kitchen is designed for both entertaining and everyday living, featuring abundant counter space and a spacious walk-in pantry. The private primary suite offers a generous walk-in closet and a beautifully appointed 4-piece ensuite, while two additional bedrooms provide comfortable accommodations for family or guests. Step outside onto the private deck and enjoy peaceful mornings or evenings surrounded by mature trees. The walk-out lower level offers incredible potential, with a framed fourth bedroom and roughed-in bathroom already in place, allowing you to create additional living space tailored to your needs. Located just minutes from shopping, schools, restaurants, healthcare, and all the amenities of Barry's Bay, this remarkable property combines modern luxury, timeless design, and premium construction in one of the area's most sought-after communities. A rare opportunity to enjoy an exceptional lifestyle in an outstanding location.

MLS number
X13624786
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
K0J 1B0
Photos
49
43days · 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.

$171,800 · minimum here is $60,900
$3,803.47per month
Borrowed before insurance$687,200
Total borrowed$687,200
Interest over 25 years at 4.5%$453,840

If you rented it out

-$4,093.13per month out of pocket
Rent$0.00
Everything it costs to hold$4,093.13
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 EXIT OTTAWA VALLEY REALTY. Listing data provided by the Toronto Regional Real Estate Board.