5a Raven Lane, Faraday, ON
Property no longer active
This property was sold on June 12, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow other located in the coveted neighborhood of Faraday. Expertly crafted featuring premium aluminum siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $499,900 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 1 Bathroom
- Generous living space spanning < 700 sqft on a premium 35.9 x 256.86 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor, Water Heater Owned
- equipped with wall unit(s) central cooling and highly efficient heat pump heating via electric
Description
Welcome to 5A Raven Lane, a charming 3-season lakeside cottage just minutes from Bancroft. This fully furnished 2-bedroom, 1-bath getaway sits on a private 0.25 acre lot with 53 feet of clean, weed-free shoreline on the tranquil Riddell Lake. Freshly renovated and move-in ready, the open-concept interior features a bright kitchen, cozy living and family room, and uninterrupted lake views from nearly every window. Take in the breathtaking sunset, from the claw bathtub overlooking the lake, or walk out from the dining area to a private deck. There is no shortage of great spaces to embrace all that this cottage has to offer. Stay comfortable spring through fall with a wall-mounted electric heating and cooling unit. Outside, enjoy a spacious fire pit/barbecue area with built-in seating, perfect for roasting marshmallows or cooking up dinner with a view. Step down a tier to nearly 400 square feet of private dock, fantastic for entertaining, sunbathing, and launching your included paddle boards (x2), canoe, or paddle boat. The water is deep and clean off the dock, making it perfect for diving and summer fun. Don't stress about furnishing, as everything you need is included, inside and out. Pull into the private driveway offering an abundance of space for parking fitting 6 vehicles comfortably. Whether you're looking for a peaceful retreat, a family cottage, or a hassle-free rental opportunity, 5A Raven Lane offers the turnkey lifestyle you've been waiting for.
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Property Summary
This other located at 5a Raven Lane, Faraday is currently for sale and has been available on SousaSells for 409 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 2 beds, 1 bathroom, and is < 700 square feet. 5a Raven Lane, 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
Golf, Hospital, Lake Access, Lake/Pond, Rec./Commun.Centre, School
Interior Features
Primary Bedroom - Main Floor, Water Heater Owned
Security Features
Community Features
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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 5a Raven Lane, 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 $499,900 in Faraday, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.
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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.