56 PACK Way, Greater Madawaska, ON

$299,900
MLS#:X9451306
2 beds
0 baths
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 6, 2024. This listing is for reference purposes only. to view the sold price.

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 $299,900 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.

  • 2 Bedrooms and 0 Bathrooms
  • Premium 86 x 162 ft lot size
  • Features a none, none basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient public configuration
  • Efficient heating via other

Description

Rare Find! Affordable traditional 3 season Cottage on Norway Lake! Not many cottages come for sale on Norway Lake given its location close to Calabogie (10 minute drive) and all this area has to offer! Norway Lake offers excellent fishing and is home to Walleye, Pike and Bass. The lake is aprox 700 acres and has over 110ft of depth in some places. Lots of room for water sports like tubing, boating, water skiing etc. The cottage itself needs work and does not have a well or septic but there is hydro on site. Inside the cottage is a wrap around porch 2 bedrooms and a kitchen dining living area. Good privacy here with a large hedge on one side and lots of green space on the other. Book a showing now and come see our good nature. Please give 48 hours irrevocable on all offers., Flooring: Linoleum, Flooring: Carpet Wall To Wall

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Property Summary

This detached home located at 56 PACK Way, Greater Madawaska is currently for sale and has been available on SousaSells for 689 days. This property is listed at $299,900 with an estimated mortgage of $998* per month. It has 2 beds, 0 bathrooms, and is unknown square feet. 56 PACK Way, 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

Bedrooms
2
0
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 9, 2024
Sold price information is available to members only
Listed Date8/27/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementNone, None
Lot Size86 × 162
CountyRenfrew
Annual Tax$1,641
Legal DescriptionPT LT 21, CON 7; BAGOT ; BAGOT BLYTHFLD BROUGHAM

Parking & Garage

Parking Total4.0
Garage TypePublic

Heating & Cooling

Heat SourceOther
CoolingNone

Features

Property Features

Golf, Skiing, Waterfront, Waterfront

Interior Features

Security Features

Community Features

Location

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56 PACK Way, Greater Madawaska, 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 56 PACK Way, Greater Madawaska, ON K0J 1H0

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.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Greater Madawaska.

Configure Loan Settings

Interest Rate4.00%
Down Payment$89,970 (30.0%)
* Minimum Canadian down payment required for this price is $14,995.
Amortization Period30 Years
Estimated Monthly Payment$998Based on a loan of $209,930 over 30 years.
Purchase Price$299,900
Loan Amount$209,930
Provincial Land Transfer Tax:$2,974
Total Estimated Closing Taxes:$2,974

About Purchasing a Home in Greater Madawaska, ON

For a property listed at $299,900 in Greater Madawaska, the legal minimum down payment is $14,995 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 $2,974 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 $2,974.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 542 - Greater Madawaska, Greater Madawaska.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$702,413

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%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

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.