Homula Realty Brokerage
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13191 ON-62, Madoc, ON K0K 2K0

8 beds · 4 baths · 4 kitchens · 12 rooms · 15 parking spaces · 2500-3000 sq ft · Fourplex
$1,500,000
Property tax
$6,992 / year

WATERFRONT MULTI-RESIDENTIAL OPPORTUNITY! Moira Lake Cottages is a Long Standing Landmark Location that has Undergone a Major Overhaul, Suitable for Your Own Private Residence or Multi-Residential 4-Plex. Centrally Located for Family Vacations, Fishing, Hunting and Wine Tours. Within Easy Reach of Prince Edward County. All 4 Cottages are Recently Renovated to High Standards and are Very Welcoming to Discerning Guests Year Round. Fully Updated Kitchens include Stainless Steel Appliances with Dishwashers & Microwaves, Quartz Countertops, Soft Closing Drawers & Doors. All New Plumbing & HVAC, Updated Electrical with LED Lighting. Natural Gas On Site & Connected. High Speed Internet (50 Mb!) for those Rainy Days. South Shore Setting Provides Excellent Sunset Viewing at all 4 Campfires. Weeds are Harvested by the Municipality Twice Monthly starting July 15th to Make for Great Swimming. The Floating Playground is a Kid's Delight! Owner Financing Available.

MLS number
X13672376
Type
Fourplex
Status
Active
Bedrooms
8
Bathrooms
4
Postal code
K0K 2K0
Photos
40
30days · this listing
34days · this property (2 listings)

This home has been listed 2 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

34 days on the market across 2 listings

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 home is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Central Hastings School Secondary School
Hastings & Prince Edward DSB
Secondary710 m6.4 / 10
64% met the standard · 2 of 6 measures
Central Hastings School
Hastings & Prince Edward DSB
Elementary779 m7.1 / 10
71% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

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 662 people.

$46,800Median household income
52.9%Own their home
51.5%Detached houses
57.2Median age
5.4%Born outside Canada
12.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120416 — the few blocks around this address, home to 662 people. It describes the area, not this property.

662Population
51.6Average age
1.9Household size
$58,400Average household income
$46,800Median household income
53%Own their home
47%Rent
4%Condominiums
5%Born outside Canada
12%University degree
$364,000Average home value
24%Low income
22%Never married
Under $5,0003%
$10,000 to $14,9993%
$15,000 to $19,9995%
$20,000 to $24,9999%
$25,000 to $29,9998%
$30,000 to $34,9993%
$35,000 to $39,9995%
$40,000 to $44,9997%
$45,000 to $49,9995%
$50,000 to $59,9995%
$60,000 to $69,9997%
$70,000 to $79,9997%
$80,000 to $89,9994%
$90,000 to $99,9995%
$100,000 and over13%
$100,000 to $124,9997%
$125,000 to $149,9994%
$150,000 to $199,9991%

Percentages are of the 380 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.

$300,000 · minimum here is $300,000
$6,641.68per month
Borrowed before insurance$1,200,000
Total borrowed$1,200,000
Interest over 25 years at 4.5%$792,503

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.

-$4,724.34per month out of pocket
Rent$2,500.00
Everything it costs to hold$7,224.34
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 HALLMARK EASTERN REALTY. Listing data provided by the Toronto Regional Real Estate Board.