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Listed 2 months ago

156 Mask Island Drive

570 - Madawaska Valley, Madawaska Valley

$1,098,000

Detached|1 1/2 Storey
2 | 3 | 8
About this home

Looking for a safe shallow entrance to the water, along with absolutely stunning sunsets, this amazing lot with all its flower gardens, trees and shrubs delivers it all. Enjoy a parklike setting with plenty of space for the kids to run and play. Sit on the back deck or at the waters edge and enjoy your morning coffee listening to the call of the loons or watch the resident eagles soaring high above. This property features 275 feet of a pristine waterfront on a very private, well landscaped lot on Lake Kamaniskeg which is comprised of 90 kms of waterways offering excellent swimming, boating and fishing. The home itself has been totally renovated over the years and features two bedrooms on the upper floor and a third bedroom on the lower floor. There is a propane fireplace in the living room with a freestanding propane stove in the family room to snuggle up to on those chilly nights. The property has two garages, one attached and one detached offering loads of space for those toys and/or that workshop you always wanted. Enjoy the evenings sitting around the well designed fire pit on the waters edge with friends and family gazing at the stars. This property is just minutes away from all the amenities Barry's Bay has to offer including two grocery stores, pharmacy, restaurants, clothing and sporting stores. Barry's Bay even has its own St Francis Hospital. This area has some of the best snowmobile and ATV trails Ontario has to offer. This property is truly one of a kind!!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,270
Lot Size275 ft x 121.3 ft
mls© NumberX13506276
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%
$5,620
Property tax
$356
Heat allowance
$150
Housing costs
$6,126 / mo

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

Down payment20% · $219,600
25-yr amortization

Income needed

$188,000

gross annual household income

Payment at 4%
$4,621 / mo
Cash down
$219,600

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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