0 Bay Lake Road, Faraday, ON
Property no longer active
This property was sold on June 25, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Faraday. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $334,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Generous living space spanning < 700 sqft on a premium 1306.96 x 362.09 ft lot
- Notable attributes: None
Description
Welcome to your Waterfront Building Lot Paradise! This stunning 7+ Acre treed lot offers over 700 feet of direct water front onto your semi private lake (Subsidiary of Bay Lake). This severed building lot is ready for your dreams and ideas, already with private entrance offering two trails and cleared areas with potential for multiple building locations, within the majestic forest overlooking prime water front location. The topography of this property is spectacular with rolling landscape, an ideal setting to build close to, or overlooking the lake! This is NOT your average waterfront building lot and is a must see! 5 min drive into the beautiful town of Bancroft with all amenities. ATV or Snowmobile from your property onto nearby trails. View zoning and additional information in links on listing.
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Property Summary
This vacant land located at 0 Bay Lake Road, Faraday is currently for sale and has been available on SousaSells for 435 days. This property is listed at $334,900 with an estimated mortgage of $1,115* per month. It has 0 beds, 0 bathrooms, and is < 700 square feet. 0 Bay Lake Road, Faraday is in the Faraday neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 0 Bay Lake Road, Faraday, ON K0L 1C0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Faraday, ON
For a property listed at $334,900 in Faraday, the legal minimum down payment is $16,745 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $3,499 for this transaction. As this listing is in Faraday (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,499.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.