512 Elsie Lane, Greater Madawaska, ON
Property no longer active
This property was sold on September 30, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungaloft detached located in the coveted neighborhood of 542 - Greater Madawaska. Expertly crafted featuring premium log construction, this residence presents an exceptional opportunity offered at $1,075,000 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.
- 6 Bedrooms and 4 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 100 x 249.88 ft lot
- Features a finished, finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Built-In Oven, Countertop Range, Water Heater Owned
- Efficient forced air heating via propane
Description
Ever dreamed of owning a cottage or living in modern rustic luxury? Well, this is it! Experience it all with this beautiful 6 bedroom centennial log home on a quiet bay overlooking Black Donald Lake. Full of light, warmth and style, this wonderful home is big enough to house the kids, grandkids or friends when they come to visit, yet cozy enough to enjoy a quiet night by the fire. This bungaloft features pine wood floors, high vaulted ceilings, huge windows, updated kitchen and bathrooms, as well as a propane fireplace and woodstove. For the outdoors, this property boasts a gentle incline walk down to the fire pit and lake, culminating in 6 stairs down to the large floating dock. Perfect spot for happy hour drinks or to watch the sunset over the water.
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Property Summary
This detached home located at 512 Elsie Lane, Greater Madawaska is currently for sale and has been available on SousaSells for 322 days. This property is listed at $1,075,000 with an estimated mortgage of $3,578* per month. It has 6 beds, 4 bathrooms, and is 1500-2000 square feet. 512 Elsie Lane, Greater Madawaska is in the 542 - Greater Madawaska 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
Lake/Pond, Skiing, Waterfront, Wooded/Treed
Interior Features
Built-In Oven, Countertop Range, Water Heater Owned, Water Softener, Primary Bedroom - Main Floor, Sewage 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 512 Elsie Lane, Greater Madawaska, ON K0J 1H0
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 Greater Madawaska, ON
For a property listed at $1,075,000 in Greater Madawaska, the legal minimum down payment is $215,000 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 $17,975 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 $17,975.
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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.