Homula Realty Brokerage
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505 Pigden Road, Madoc, ON K0K 2K0

2 beds · 2 baths · 1 kitchen · 7 rooms · 6 parking spaces · 700-1100 sq ft · Detached
$554,900

Take advantage of the HST rebates and buy new! This Farnsworth Construction home sits on a quiet dead-end road just outside Madoc and is ready for move-in. The main level offers 1040 sq ft with 2 bedrooms, 2 bathrooms, and an open-concept kitchen, dining, and living area that walks out to a covered 12x12 backyard deck. The full basement includes a rough-in for a bathroom and plenty of space to finish to your liking. Features include ceramic tile in the bathrooms and entryway, laminate flooring throughout the main level, a propane furnace, central air, and a UV system. An attached garage provides inside access to the front foyer along with a rear man door. The home sits on a 1-acre lot with its own well and septic, meaning no water or sewer bills, and comes with full Tarion warranty coverage for added peace of mind. Close to lakes and recreational trails, it's an ideal spot for outdoor enjoyment.

MLS number
X13768374
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
K0K 2K0
Photos
28
1days · this listing
154days · 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 "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.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

154 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 662 people.

$87,000Median household income
84%Own their home
98%Detached houses
48.4Median age
5%Born outside Canada
6.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120413 — the few blocks around this address, home to 662 people. It describes the area, not this property.

662Population
44.1Average age
2.7Household size
$99,000Average household income
$87,000Median household income
84%Own their home
16%Rent
0%Condominiums
5%Born outside Canada
7%University degree
$428,000Average home value
10%Low income
71%Not in the labour force
23%Never married
$15,000 to $19,9992%
$20,000 to $24,9992%
$25,000 to $29,9992%
$35,000 to $39,9995%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9998%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over29%
$100,000 to $124,9999%
$125,000 to $149,9999%
$150,000 to $199,9995%
$200,000 and over5%

Percentages are of the 330 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.

$110,980 · minimum here is $30,490
$2,456.98per month
Borrowed before insurance$443,920
Total borrowed$443,920
Interest over 25 years at 4.5%$293,173

If you rented it out

Monthly rent starts from the median of recent 2-bedroom leases in Madoc. Change it to anything you like.

-$756.98per month out of pocket
Rent$1,700.00
Everything it costs to hold$2,456.98
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 Century 21 Lanthorn Real Estate Ltd.. Listing data provided by the Toronto Regional Real Estate Board.