88A Rocky Drive, Faraday, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Faraday. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $899,000 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 207 x 258 ft lot
- 4.0 total parking spaces available
- Notable attributes: Water Heater
- Efficient other heating via wood
Description
Nestled on the shores of beautiful Jeffrey Lake, this private waterfront retreat offers approximately 1,100+ sq ft of usable living space including a separate bunkie, and the perfect blend of nature, comfort, and cottage charm. The main cottage features 3 bedrooms and 1 bathroom, an updated kitchen, and a cozy fireplace that creates the perfect atmosphere for relaxing evenings at the lake. Warm and inviting living spaces are designed to capture stunning waterfront views and peaceful natural surroundings. Step outside onto the spacious deck overlooking the water - ideal for morning coffee, entertaining, or quiet evenings immersed in nature. The property also features an outdoor shower, storage shed, dedicated fire pit area, and a separate bunkie complete with 3 bunk beds, creating additional space for family and guests. Surrounded by mature trees and abundant wildlife, enjoy watching ducks glide across the lake, turtles basking along the shoreline, and fish swimming in the exceptionally clear water. Private and serene, this fully furnished property comes complete with indoor furnishings and outdoor patio furniture, making it truly turnkey and ready to enjoy from day one. Offering swimming, boating, fishing, and unforgettable sunsets right at your doorstep, this is the ultimate cottage escape on Jeffrey Lake.
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Pricing & Value Insights
Data-driven valuation for 88A Rocky Drive, Faraday, ON K0L 1C0
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About Purchasing a Home in Faraday, ON
For a property listed at $899,000 in Faraday, the legal minimum down payment is $64,900 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 $14,455 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 $14,455.
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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.