Homula Realty Brokerage
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332 Ohio Road, Madawaska Valley, ON K0L 1H0

4 beds · 2 baths · 1 kitchen · 8+1 rooms · 6 parking spaces · 2000-2500 sq ft · Detached
$1,549,000
Property tax
$4,302 / year

Four season beach house completely renovated 4 years ago under the supervision of an interior designer. One of a kind beach house with no drywall - all walls are shiplap or maple barnwood from Quebec. Absolutely everything has been replaced or restored from foundation to the new metal roof last year. New well with 100 gal/min pure cold water. Private lot with protected wetlands on the north side. Very private beach with a large R&J dock installed 3 years ago. All furniture and decor is of high quality and curated by interior designer to complete the beach house vibe. 3 beautiful decks fully furnished as well. A dining deck, upper deck, and fire table deck. All composite decking with glass rail to the water. Basement contains a second fridge, washer and dryer, security camera system, main electric panel, hot water tank, furnace, lots of metal shelving /storage racks, and an all in one gym system / machine. *For Additional Property Details Click The Brochure Icon Below*

MLS number
X13698962
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
K0L 1H0
Photos
9
22days · 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.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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 489 people.

$65,000Median household income
84.4%Own their home
93.8%Detached houses
61.2Median age
6.7%Born outside Canada
19.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35470301 — the few blocks around this address, home to 489 people. It describes the area, not this property.

489Population
53.6Average age
2.1Household size
$78,000Average household income
$65,000Median household income
84%Own their home
16%Rent
0%Condominiums
7%Born outside Canada
20%University degree
$504,000Average home value
18%Low income
16%Never married
Under $5,0002%
$15,000 to $19,9993%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9995%
$40,000 to $44,9995%
$45,000 to $49,9995%
$50,000 to $59,9995%
$60,000 to $69,9995%
$70,000 to $79,9998%
$80,000 to $89,9995%
$90,000 to $99,9993%
$100,000 and over20%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over3%

Percentages are of the 295 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.

$309,800 · minimum here is $309,800
$6,858.64per month
Borrowed before insurance$1,239,200
Total borrowed$1,239,200
Interest over 25 years at 4.5%$818,391

If you rented it out

-$7,217.14per month out of pocket
Rent$0.00
Everything it costs to hold$7,217.14
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 ICI SOURCE REAL ASSET SERVICES INC.. Listing data provided by the Toronto Regional Real Estate Board.