Homula Realty Brokerage
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29638 Highway 28 S, Faraday, ON K0L 1C0

2+3 beds · 2 baths · 1 kitchen · 8+6 rooms · 8 parking spaces · 1100-1500 sq ft · Detached
$399,900
Property tax
$2,577 / year

Acreage just outside of town! If you're looking for space to raise a family without giving up the convenience of being close to amenities, this property is a must-see! Set on an impressive 8.90 acres just minutes from Bancroft, this spacious brick bungalow offers five bedrooms, two bathrooms, and plenty of room both inside and out. The main floor features a bright, open concept living space, a spacious primary bedroom with walk-in closet, second bedroom, and a large four-piece bathroom complete with a clawfoot tub and convenient access to the laundry area. A great mudroom at the entrance provides the perfect spot for coats, boots, and everyday family life. The lower level offers three additional bedrooms, a three-piece bathroom, plus storage and utility space. A convenient walk-up provides direct access to the outdoors. The detached garage is currently set up as a fun games room/man cave with storage and workshop space at the back, but a garage door could easily be reinstalled. Outside, enjoy a private back deck perfect for barbecuing and entertaining. With high-speed internet, full cell service, and year-round municipal road access, acreage this close to Bancroft is a rare find! Shopping, parks, healthcare, and amenities only minutes away. Updates include - Propane Furnace in 2017, 60 gallon water heater in 2018, Central air and metal roof of the garage both completed in 2022.

MLS number
X13761322
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
2
Postal code
K0L 1C0
Photos
36
2days · this listing
2days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 400 people.

$68,500Median household income
88.4%Own their home
97.4%Detached houses
58Median age
10.6%Born outside Canada
19%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120239 — the few blocks around this address, home to 400 people. It describes the area, not this property.

400Population
51.9Average age
2.1Household size
$86,000Average household income
$68,500Median household income
88%Own their home
12%Rent
0%Condominiums
11%Born outside Canada
19%University degree
$580,000Average home value
17%Low income
22%Never married
Under $5,0004%
$10,000 to $14,9992%
$20,000 to $24,9992%
$25,000 to $29,9994%
$30,000 to $34,9994%
$35,000 to $39,9996%
$40,000 to $44,9992%
$45,000 to $49,9996%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over22%
$100,000 to $124,9998%
$125,000 to $149,9992%
$150,000 to $199,9996%
$200,000 and over6%

Percentages are of the 250 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.

$79,980 · minimum here is $19,995
$1,770.67per month
Borrowed before insurance$319,920
Total borrowed$319,920
Interest over 25 years at 4.5%$211,281

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.

-$1,318.42per month out of pocket
Rent$667.00
Everything it costs to hold$1,985.42
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 Ball Real Estate Inc.. Listing data provided by the Toronto Regional Real Estate Board.