24 A Ovila Lane, Greater Madawaska, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 542 - Greater Madawaska. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $489,900 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 150 x 318.65 ft lot
- 4.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor
- equipped with window unit(s) central cooling and highly efficient other heating via wood
Description
Situated on a tranquil bay of Black Donald Lake, this meticulously maintained three-season cottage has been cherished by its original owner and family for years. Surrounded by mature trees, the private setting offers 150 feet of pristine shoreline with excellent swimming off the dock and a hard bottom at the water's edge. Inside, the cottage boasts three generous bedrooms and a spacious layout, featuring a large living room complete with an airtight wood stove, an efficient kitchen, a dining area, and a four-piece bath. The screened-in porch offers additional entertaining space and a serene spot for relaxation and views. Equipped with a UV light and filter system, the cottage provides potable water for your peace of mind. This inviting retreat has been a beloved family getaway and presents a wonderful opportunity for new owners to continue the tradition. This area offers excellent fishing and swimming and with Centennial Lake, Black Donald Lake and the Madawaska River all there for you to explore, you will enjoy hours of boating or paddling pleasure. Quick closing is available to enjoy what this summer has to offer.
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Primary Bedroom - Main Floor
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 24 A Ovila Lane, Greater Madawaska, ON K0J 1H0
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About Purchasing a Home in Greater Madawaska, ON
For a property listed at $489,900 in Greater Madawaska, the legal minimum down payment is $24,495 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 $6,273 for this transaction. As this listing is in Greater Madawaska (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,273.
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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.