1227 Bay Lake Road, Faraday, ON

$149,900
MLS#:X12347537
Thinking of selling nearby?Your House Sold Guaranteed*
0 beds
0 baths
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 7, 2025. This listing is for reference purposes only. to view the sold price.

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*Conditions apply. Contact SousaSells.ca for more info.

Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Faraday. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $149,900 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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 165 x 84 ft lot size
  • 2.0 total parking spaces available

Description

3 Acres Near Bancroft & Bay Lake. Build your dream home on this 3-acre lot just 5 mins from Bancroft and 2 mins to Bay Lake public access. Features include a driveway and drilled well, with a large cleared portion creating plenty of space for your home or cottage. Enjoy boating, fishing, and town amenities just minutes away.

Thinking of selling nearby?

Get Tony Sousa's written guarantee: Your house sold or I'll buy it!*

*Conditions apply. Contact SousaSells.ca for more info.

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Property Summary

This vacant land located at 1227 Bay Lake Road, Faraday is currently for sale and has been available on SousaSells for 361 days. This property is listed at $149,900 with an estimated mortgage of $499* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 1227 Bay Lake Road, Faraday is in the Faraday neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Faraday, Faraday.

Great for Small Household / Couples
What We Love About This Home
  • Desirable Vacant Land architecture in Faraday, Faraday
  • Convenient parking space for 2.0 vehicles
Standout Features & Layout
Who Should Buy This Home?

First-time home buyers, professionals, or investors seeking value.

Target Buyer Match

Key Features

000
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 22, 2025
Sold price information is available to members only
Listed Date8/15/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
Lot Size165 × 84 Metres
CountyHastings
Annual Tax$0
Legal Descriptionsee remarks

Parking & Garage

Parking Total2.0
Parking Space2

Heating & Cooling

Features

Property Features

None listed

Interior Features

None listed

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 1227 Bay Lake Road, Faraday, ON

Q.What is the asking price for 1227 Bay Lake Road, Faraday, ON ?

The current listing price for 1227 Bay Lake Road, Faraday, ON in Faraday, Faraday is $149,900.

Q.How many bedrooms and bathrooms does this property have?

This property features 0 bedrooms and 0 bathrooms.

Q.What property type and architectural style is 1227 Bay Lake Road, Faraday, ON ?

1227 Bay Lake Road, Faraday, ON is a Vacant Land () featuring a basement.

Q.Is parking available at this property?

Yes, this property offers parking space for 2.0 vehicles.

Q.What heating and cooling systems are installed?

Heating is provided via standard central heat and cooling via .

Location

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1227 Bay 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 1227 Bay 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.

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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$44,970 (30.0%)
* Minimum Canadian down payment required for this price is $7,495.
Amortization Period30 Years
Estimated Monthly Payment$499Based on a loan of $104,930 over 30 years.
Purchase Price$149,900
Loan Amount$104,930
Provincial Land Transfer Tax:$1,224
Total Estimated Closing Taxes:$1,224

About Purchasing a Home in Faraday, ON

For a property listed at $149,900 in Faraday, the legal minimum down payment is $7,495 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 $1,224 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 $1,224.

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Faraday, Faraday 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$735,966

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%

Best Schools in Faraday, Faraday

Elementary Schools

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Secondary Schools

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Faraday, Faraday Demographic Home information

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.