Homula Realty Brokerage
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17 Ida Ho Lane, Faraday, ON K0L 1C0

5 beds · 3 baths · 1 kitchen · 12 rooms · 10 parking spaces · 1500-2000 sq ft · Detached
$1,369,000
Property tax
$7,123 / year

Stunning waterfront property on beautiful Bow Lake! Built in 2020, this turn-key home features 3800 sq ft of finished living space, 290 feet of west-facing shoreline and is only 60' from the water. Featuring 5 spacious bedrooms and 3 baths, this custom lakeside retreat is perfect as a four-season home, luxury cottage or income generating property. Main floor features 3 bedrooms and 2 baths-including large primary suite with vaulted ceilings and patio doors that lead to the expansive composite deck overlooking the lake and a 3 pc ensuite with walk-in shower, heated tile and double vanity. The kitchen and main floor baths boast quartz counters and custom wood cabinetry, while the open-concept living and dining area are complemented with a striking fireplace complete with built-ins and incredible lake views. Ash engineered hardwood runs throughout the entire home. The fully finished basement has heated floors, two large bedrooms-perfect for a home office-plus 4 pc bath, rec room and gym, oversized laundry room and additional storage room. Find peace-of-mind with an 11kW automatic generator fully wired into the home for protection against power outages, a reverse osmosis drinking water system, HRV air return system, propane furnace and central AC. Enjoy extra storage in both the mudroom and heated attached garage, or park your boat and ATV in the bonus detached drive-shed. Spend the evenings listening to the loons inside your vaulted Muskoka Screen room and take in a captivating sunset! Easy access to high-speed internet is ideal for remote work, with the added convenience of nearby schools, hospital, restaurants, shopping, community centre, and more in Bancroft. The Heritage Trail is only minutes from your door as well as access to Silent Lake and Algonquin Provincial Park.

MLS number
X13764958
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
3
Postal code
K0L 1C0
Photos
47
1days · this listing
344days · this property (3 listings)

This home has been listed 3 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 "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.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

344 days on the market across 3 listings
This listing shows 1 day on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

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 home 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 625 people.

$62,800Median household income
89.3%Own their home
82.8%Detached houses
56.8Median age
6.7%Born outside Canada
14.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120240 — the few blocks around this address, home to 625 people. It describes the area, not this property.

625Population
50.4Average age
2.2Household size
$78,500Average household income
$62,800Median household income
89%Own their home
11%Rent
0%Condominiums
7%Born outside Canada
15%University degree
$452,000Average home value
15%Low income
98%Not in the labour force
22%Never married
Under $5,0001%
$10,000 to $14,9991%
$15,000 to $19,9993%
$20,000 to $24,9995%
$25,000 to $29,9994%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9994%
$45,000 to $49,9995%
$50,000 to $59,9997%
$60,000 to $69,9995%
$70,000 to $79,9997%
$80,000 to $89,9995%
$90,000 to $99,9994%
$100,000 and over20%
$100,000 to $124,9997%
$125,000 to $149,9994%
$150,000 to $199,9995%
$200,000 and over5%

Percentages are of the 370 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.

$273,800 · minimum here is $111,900
$6,061.64per month
Borrowed before insurance$1,095,200
Total borrowed$1,095,200
Interest over 25 years at 4.5%$723,291

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.

-$4,373.22per month out of pocket
Rent$2,282.00
Everything it costs to hold$6,655.22
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 Coldwell Banker Electric Realty. Listing data provided by the Toronto Regional Real Estate Board.