Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

16 Cedar Lane Rd, Mono, ON L9W 6C8

3+2 beds · 3 baths · 1 kitchen · 6+4 rooms · 12 parking spaces · 1100-1500 sq ft · Laundry on the lower level level · Detached
$1,188,499
Property tax
$4,786 / year

Discover this stunning bungalow nestled on a quiet cul-de sac on a dead-end country road, set on a breathtaking 1.2 acre lot with serene views and the peaceful sound of Sheldon Creek running behind the property. The main floor offers a spacious living room, formal dining room and an updated kitchen featuring granite countertops and a walk-in pantry. Enjoy meals in the bright eat-in area, or step outside to the large 2022 built deck perfect for relaxing and entertaining. The home features 3 generously sized bedrooms, with the primary suite boasting a private 3-piece ensuite. Luxury vinyl flooring runs throughout the main level for a modern, low maintenance finish. The lower level is ideal for both relaxing and entertaining, with a large recreation room, a walk=out to the patio and hot tub area (hot tub included as is) plus abundant storage. There is also a roughed in sauna ready for your personal touch. BRAND NEW SEPTIC SYSTEM to be fully installed before closing. Recent updates & features: Roof(2019)windows(2010)Furnace & A/C(2015)Water Softener(2019)Ultra violet system (2015)Hot water tank (owned)Gas Stove & BBQ line (2020)New Well pump(2021) New Septic system (2026) Whether you're looking to raise a family, downsize , or enjoy a peaceful retirement, this property offers the perfect blend of country charm and modern comfort. Enjoy evening walks on the quiet dead end country Rd. Enjoy breakfast on an elevated deck surrounded by a canopy of trees and relax to the sound of the creek. Finished walk out basement has in-law potential. Side entrance from den to partially fenced back yard!

MLS number
X13740718
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
3
Postal code
L9W 6C8
Photos
33
Laundry
Lower Level level
11days · 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 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 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 the building rather than the unit — every unit in a tower shares one coordinate.

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 590 people.

$128,000Median household income
88.9%Own their home
97.8%Detached houses
52.8Median age
13.1%Born outside Canada
23.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35220149 — the few blocks around this address, home to 590 people. It describes the area, not this property.

590Population
46Average age
2.6Household size
$174,000Average household income
$128,000Median household income
89%Own their home
11%Rent
0%Condominiums
13%Born outside Canada
24%University degree
$1,290,000Average home value
9%Low income
52%Not in the labour force
21%Never married
Under $5,0003%
$20,000 to $24,9991%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9993%
$60,000 to $69,9991%
$70,000 to $79,9994%
$80,000 to $89,9991%
$90,000 to $99,9993%
$100,000 and over40%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,99912%
$200,000 and over15%

Percentages are of the 365 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.

$237,700 · minimum here is $93,850
$5,262.42per month
Borrowed before insurance$950,799
Total borrowed$950,799
Interest over 25 years at 4.5%$627,926

If you rented it out

-$5,661.25per month out of pocket
Rent$0.00
Everything it costs to hold$5,661.25
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 REAL ESTATE CENTRE INC.. Listing data provided by the Toronto Regional Real Estate Board.