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Listed 5 months ago

188 Paugh Lake Road

570 - Madawaska Valley, Madawaska Valley

$649,900

Detached|Bungalow
3 | 2 | 3
About this home

Elegant and beautifully designed ONE LEVEL 3 bedroom, 2 bath home situated on private 3.5 acres (approximate) lot, with over 500 feet of frontage on exclusive Drohan Lake! Conveniently located within walking distance to all Barry's Bay has to offer, including shopping, Kamaniskeg Lake & launch, hospital! Featuring sun tunnels & large south-facing windows for an abundance of sunlight, the home boasts many upgrades including a new kitchen, complete with gleaming granite countertops, stainless steel appliances (2021); servery/pantry (2022) which leads to a cold room; renovated main bathroom (2022); renovated ensuite (2023). The home also features a dedicated laundry room, spacious primary bedroom w/ ensuite, 2 additional bedrooms, & an open concept kitchen/family room with cozy wood stove. Outside, the elevated landscaped grounds feature gardens, a12x12 pergola (2021), 8x10 wooden shed (2022), and a 24x8 private side deck (2024) that overlooks the landscape & water. There are stairs to the lake, and a plethora of woodland creatures will visit! The attached one car garage features a spacious workshop. This home is perfectly situated within close proximity to all the Valley offers including Renfrew County VTAC, world class hunting & fishing, ATVing, cross country skiing, ice fishing, skidooing, water sports, only 35 mins from Algonquin Park's East Gate, & much more. This home is ideal for retirees looking for main floor living, or a family looking for room to grow! ****EXTRAS**** Great property for staging all your motorized fun, such as skidoo/ATVing for trails down the street. Earth sheltered on 2 sides means cooler summers and reduced winter heating bills. This property was originally fitted for solar. On-Command hot water, and solar water heater on the metal roof. The home uses approximately 6 face cords of wood during the winter. Standby Generator ensures that power outages mean no interruptions!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$2,499
Lot Size560 ft x 272 ft
mls© NumberX12974460
Listed ByROYAL LEPAGE TEAM REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,326
Property tax
$208
Heat allowance
$150
Housing costs
$3,685 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $129,980
25-yr amortization

Income needed

$113,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$129,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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