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New3 days ago

137 Lakeshore Drive

570 - Madawaska Valley, Madawaska Valley

$898,400

Detached|Bungalow
4 | 2 | 10
About this home

A remarkable waterfront one-level home with 1800 square feet, this beautiful bungalow sits with southern exposure on Kamaniskeg Lake, and provides a unique lot which is completely wheelchair accessible, from the front door to the dock! Featuring 4 bedrooms, 2 bathrooms and a great room. Quite spectacular... Large, level and private lot with southern exposure for that all day sun and wonderful sunsets, and entirely bordered on the western side by a large flowing creek. A rare waterfront city lot, on the edge of town, and connected to city services. The best of fishing, swimming, and boating ... the Madawaska system offers 90km of boating to explore. Located on a hard top road, you are minutes away from shops, the hospital, and all amenities. Incredible views and sandy shores. Enjoy a 1600 square foot deck, with 650 cedar trees providing total privacy. A 30 x 6 foot private dock leads to swimming and a unique pristine sandbar extending 110 feet out and being 120 feet across. Play on your beach, creek for kids to explore... or sit in your lawn chairs and enjoy your feet in the water. Take your boat out with easy access from your dock or the nearby boat launch. A 2 minute walk gives you access to two waterfront sand beach volleyball courts, tennis courts, children's play park Jungle Gym, swings and other play areas. Safety for kids, and a gradual entry shoreline provides walk in entry for seniors. Awesome place!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$5,177
Lot Size118.38 ft x 0 ft
mls© NumberX13762584
Listed ByRoyal Lepage Proalliance 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%
$4,598
Property tax
$431
Heat allowance
$150
Housing costs
$5,180 / mo

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

Down payment20% · $179,680
25-yr amortization

Income needed

$159,000

gross annual household income

Payment at 4%
$3,781 / mo
Cash down
$179,680

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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