2162 Bay Lake Road, Faraday, ON
Property no longer active
This property was sold on October 6, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Other detached located in the coveted neighborhood of Faraday. Expertly crafted featuring premium brick front construction, this residence presents an exceptional opportunity offered at $399,000 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.
- 12 Bedrooms and 5 Bathrooms with 3 functional kitchens
- Generous living space spanning 3500-5000 sqft on a spacious lot (Feet)
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 34.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Storage, Primary Bedroom - Main Floor, Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via propane
Description
*** 3 DETACHED HOUSES ON JUST SHY OF AN ACRE WITH 2 SEPARATE LOT #'S (2162 & 2176) INVESTORS, HANYDYMEN AND THOSE WITH AN EYE OF THE MIND!!! Vendor is will to negotiate a Vendor Take Back mortgage. THIS MULTI FAMILY SETTING ON BAY LAKE ROAD JUST 5 MINUTES FROM BANCROFT WITH 3 HOMES A CARPORT, DRIVESHED AND GARDEN SHEDS PROPOSES ITESELF TO ENDLESS OPPORTUNITIES. THIS PROPERTY IS BEING SOLD AS IS AND HAS BEEN VACANT FOR SOME TIME. ALL HOUSE HAVE METAL ROOFS IN GOOD CONDITION. THE MAIN HOUSE IS A BUNGALOW AND THE OTHE 2 HOUSES ARE 1 1/2 STOREY WITH ADDITIONS. PLACED NEATLY ON JUST SHY OF AN ACRE OF PROPERTY ONLY 5 MINUTES TO THE TOWN OF BANCROFT AND ALL THE CONVENIENCES IT HAS TO OFFER...
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Property Summary
This detached home located at 2162 Bay Lake Road, Faraday is currently for sale and has been available on SousaSells for 294 days. This property is listed at $399,000 with an estimated mortgage of $1,328* per month. It has 12 beds, 5 bathrooms, and is 3500-5000 square feet. 2162 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
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Storage, Primary Bedroom - Main Floor, Sump Pump
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2162 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 $399,000 in Faraday, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.
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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.