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529 Mayo Lake Road, Carlow/Mayo, ON K0L 1C0

3 beds · 2 baths · 1 kitchen · 12 rooms · 6 parking spaces · 700-1100 sq ft · Laundry on the main level level · Rural Residential
$474,900
Property tax
$2,240 / year

Little Mississippi River - don't let this one pass you by! This adorable home with a private yard has a beautiful view of the river from the spacious back deck. Great spot for swimming and you can traverse the river with your kayak and canoe while you enjoy nature at its finest. Yard is level at the road then slopes to the water and is level at the river. Property is 2.51 acres with 380' of river front. This well maintained home has 2 bedrooms on the main floor, a shared kitchen & dining room that overlooks the river, living room, main floor laundry and a 4 piece bathroom. Walkout basement features a 3rd bedroom, 2 piece bathroom, rec room, mud room, utility room and lots of storage. There is a second large deck facing the road and a storage shed for all your needs. If you don't want to drive 20 minutes to town, Cunningham's General Store is 5 minutes away and provides gas, groceries and a liquor store. Recent updates include a heat pump in 2020 and a new water pump in 2023. The added bonus with this house is the Tesla Powerwall which is part of the Residential Reliability Improvement Program. It can be transferred to a new owner or removed by closing date.

MLS number
X13651970
Type
Rural Residential
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
K0L 1C0
Photos
50
Laundry
Main Level level
37days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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 469 people.

$67,000Median household income
84.1%Own their home
95.3%Detached houses
58Median age
8.6%Born outside Canada
8.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120249 — the few blocks around this address, home to 469 people. It describes the area, not this property.

469Population
51Average age
2.2Household size
$76,000Average household income
$67,000Median household income
84%Own their home
16%Rent
0%Condominiums
9%Born outside Canada
8%University degree
$448,000Average home value
14%Low income
16%Never married
$10,000 to $14,9994%
$15,000 to $19,9992%
$20,000 to $24,9995%
$25,000 to $29,9994%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9995%
$45,000 to $49,9992%
$50,000 to $59,9997%
$60,000 to $69,9997%
$70,000 to $79,9997%
$80,000 to $89,9997%
$90,000 to $99,9994%
$100,000 and over20%
$100,000 to $124,99913%
$125,000 to $149,9995%
$150,000 to $199,9992%

Percentages are of the 275 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.

$94,980 · minimum here is $23,745
$2,102.75per month
Borrowed before insurance$379,920
Total borrowed$379,920
Interest over 25 years at 4.5%$250,906

If you rented it out

-$2,289.42per month out of pocket
Rent$0.00
Everything it costs to hold$2,289.42
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.