644 BAY LAKE Road, Faraday, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Faraday. Expertly crafted featuring premium concrete and log construction, this residence presents an exceptional opportunity offered at $1,129,000 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.
- 4 Bedrooms and 3 Bathrooms
- Generous living space spanning 2000-2500 sqft
- Features a walk-out, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: Water Heater Owned, Sump Pump
- equipped with other central cooling and highly efficient woodburning heating via wood
Description
This Stunning Spacious 4 Season Log Home/Cottage is Located on Quiet & Peaceful Lucerne Lake, only minutes to Bancroft. This Property Comes Fully Furnished and is a Custom Built Scandinavian Designed Chalet, Nestled among Towering Pines. With 4 fireplaces, 3 Full Bathrooms, Large Kitchen, Dining Area, 4 bedrooms, Loft & Finished Lower level that has a Walkout to the Deck, This Property must be Seen to be Fully Appreciated. Down at the Lake, you will find a child friendly sandy beach, New Dock (2022) Peddle boat, canoe and Kayak that are all included. This Property has an Owned Shoreline and is on a non-motorized lake. Privacy Ensured, easy road access, drilled well, full septic. Equipped with a Geo Thermal Heating and Cooling System to Keep Cool and Warm throughout any Season. Located on the Provincial scenic tour for the Whispering Pines, just minutes from Grail Springs Spa. ATV trails and snowmobile trails easily accessible from the cottage. Featured on Cottages in Canada w/ annual income of approx $75k
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Property Summary
This detached home located at 644 BAY LAKE Road, Faraday is currently for sale and has been available on SousaSells for 758 days. This property is listed at $1,129,000 with an estimated mortgage of $3,758* per month. It has 4 beds, 3 bathrooms, and is 2000-2500 square feet. 644 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
Golf, Hospital
Interior Features
Water Heater Owned, Sump Pump
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 644 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 $1,129,000 in Faraday, the legal minimum down payment is $225,800 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 $19,055 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 $19,055.
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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.