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Listed 23 days ago

332 Ohio Road

570 - Madawaska Valley, Madawaska Valley

$1,549,000

Detached|1 1/2 Storey
4 | 2 | 6
About this home

Four season beach house completely renovated 4 years ago under the supervision of an interior designer. One of a kind beach house with no drywall - all walls are shiplap or maple barnwood from Quebec. Absolutely everything has been replaced or restored from foundation to the new metal roof last year. New well with 100 gal/min pure cold water. Private lot with protected wetlands on the north side. Very private beach with a large R&J dock installed 3 years ago. All furniture and decor is of high quality and curated by interior designer to complete the beach house vibe. 3 beautiful decks fully furnished as well. A dining deck, upper deck, and fire table deck. All composite decking with glass rail to the water. Basement contains a second fridge, washer and dryer, security camera system, main electric panel, hot water tank, furnace, lots of metal shelving /storage racks, and an all in one gym system / machine. *For Additional Property Details Click The Brochure Icon Below*

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$4,302
Lot Size254.51 ft x 194 ft
mls© NumberX13698962
Listed ByICI SOURCE REAL ASSET SERVICES INC.

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%
$7,928
Property tax
$358
Heat allowance
$150
Housing costs
$8,437 / mo

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

Down payment20% · $309,800
25-yr amortization

Income needed

$260,000

gross annual household income

Payment at 4%
$6,518 / mo
Cash down
$309,800

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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