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Listed 4 months ago

299 Siberia Road

570 - Madawaska Valley, Madawaska Valley

$897,500

Detached|Bungalow
3 | 2 | 8
About this home

Minutes from town, waterfront, acreage, it doesn't get any better than this. The shoreline features 192 feet on Lake Kamaniskeg, one of the premiere lakes in the area offering excellent fishing, swimming and boating. Situated on 7.75 acres this home features 3 bedrooms, sunroom, large deck off the main level with glass railings perfect to sit and enjoy your morning coffee while you enjoy the views the lake has to offer. The basement has a walkout and is wide open ready for your finishing touches with 9 foot ceilings and a 3 pc bath. The home is heated with an Oil /wood forced air furnace has air conditioning and an air exchanger . There are a number of outbuildings and a 2.5 car garage to store all your toys. The home is situated minutes from town, Barry's Bay has a number of restaurants shops, pharmacy, post office, hospital and a Tim Hortons. The area is famous for its snowmobile and ATV trails and countless lakes. The East gates of Algonquin Park are just a short drive away.,

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,409
Lot Size192 ft x 0 ft
mls© NumberX13119404
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%
$4,594
Property tax
$284
Heat allowance
$150
Housing costs
$5,028 / mo

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

Down payment20% · $179,500
25-yr amortization

Income needed

$155,000

gross annual household income

Payment at 4%
$3,777 / mo
Cash down
$179,500

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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