4 Albion Place, Faraday, ON
Property no longer active
This property was sold on February 13, 2026. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Faraday. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $600,000 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 145 x 159.33 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Water Heater Owned
- Efficient other heating via wood
Description
Albion Lake - Well maintained cozy 3 bedroom cottage is just a few feet from the water's edge with cedar decks on 2 sides to enjoy the view. Lot is very level with trees on each side for privacy & 145' of clean waterfront. Cottage features open concept living room/dining rm/kitchen, lovely cultured stone fireplace, vaulted cedar ceiling & 4 piece bath. Many outbuildings consist of a 180 sq ft workshop with garage door for your ATV, 112 sq ft bunkie with pine T & G interior, outhouse with composting toilet, 48 sq ft wood shed & pumphouse. Sandpoint well located in pump house has a new pump. 4' block basement is great for storage. Cottage is well insulated. Most furniture & appliances are included NOTE: Dock is not in the water and needs some TLC - replacement cedar boards are in the basement. Albion lake is a smaller quiet lake only 15 minutes from Bancroft and has great bass fishing. Private cottage road is plowed in the winter for easy access.
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Property Summary
This detached home located at 4 Albion Place, Faraday is currently for sale and has been available on SousaSells for 775 days. This property is listed at $600,000 with an estimated mortgage of $1,997* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 4 Albion Place, 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
Clear View, Waterfront, Wooded/Treed
Interior Features
Water Heater Owned
Security Features
Community Features
Location
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 4 Albion Place, 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 $600,000 in Faraday, the legal minimum down payment is $35,000 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 $8,475 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 $8,475.
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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.