230 Coe Island Lake Road, Faraday, ON

$359,900
MLS#:X12035019
2 beds
2 baths
< 700 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on April 8, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Faraday. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $359,900 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning < 700 sqft on a premium 180 x 400 ft lot
  • 6.0 total parking spaces available with a convenient other configuration
  • Notable attributes: Primary Bedroom - Main Floor, Water Heater
  • Efficient forced air heating via propane

Description

ATTENTION first time Buyers or Retirees wanting a quiet, yet convenient home in the country, this modular home will impress you. Featuring 2 bedrooms with an ensuite off the master, an open concept layout with lots of cupboard space, patio doors leading to the private deck and a campfire area tucked in a natural exposed rock environment. The model home upgrades include under counter lighting, soffit lighting, propane fireplace, water softener and ultraviolet system just to mention a few. The property is out of view from any neighbours and close to many lakes, which makes this home a great vacation property as well as a year-round home. There is also a sea can and a garage port area. Ready for quick possession. Property being sold "as is"

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Property Summary

This detached home located at 230 Coe Island Lake Road, Faraday is currently for sale and has been available on SousaSells for 483 days. This property is listed at $359,900 with an estimated mortgage of $1,198* per month. It has 2 beds, 2 bathrooms, and is < 700 square feet. 230 Coe Island 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

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 8, 2025
Sold price information is available to members only
Listed Date3/21/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementNone
Lot Size180 × 400 Feet
CountyHastings
Annual Tax$2,149
Legal DescriptionPT LT 8 CON 9 FARADAY PT 1 21R5675; FARADAY; HASTINGS COUNTY

Parking & Garage

Parking Total6.0
Parking Space6
Garage TypeOther

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingNone

Features

Property Features

Library, Place Of Worship, Rec./Commun.Centre, Rolling, School, School Bus Route

Interior Features

Primary Bedroom - Main Floor, Water Heater

Security Features

None

Community Features

Location

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230 Coe Island Lake Road, Faraday, ON
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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 230 Coe Island Lake Road, Faraday, ON K0L 1C0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Faraday.

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Interest Rate4.00%
Down Payment$107,970 (30.0%)
* Minimum Canadian down payment required for this price is $17,995.
Amortization Period30 Years
Estimated Monthly Payment$1,198Based on a loan of $251,930 over 30 years.
Purchase Price$359,900
Loan Amount$251,930
Provincial Land Transfer Tax:$3,874
Total Estimated Closing Taxes:$3,874

About Purchasing a Home in Faraday, ON

For a property listed at $359,900 in Faraday, the legal minimum down payment is $17,995 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 $3,874 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 $3,874.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Faraday, Faraday.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$669,385

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.