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Listed 1 month ago

17 Ida Ho Lane

Faraday, Faraday

$1,369,000

Detached|Bungalow
5 | 3 | 10
About this home

Stunning waterfront property on beautiful Bow Lake! Built in 2020, this turn-key home features 3800 sq ft of finished living space, 290 feet of west-facing shoreline and is only 60' from the water. Featuring 5 spacious bedrooms and 3 baths, this custom lakeside retreat is perfect as a four-season home, luxury cottage or income generating property. Main floor features 3 bedrooms and 2 baths-including large primary suite with vaulted ceilings and patio doors that lead to the expansive composite deck overlooking the lake and a 3 pc ensuite with walk-in shower, heated tile and double vanity. The kitchen and main floor baths boast quartz counters and custom wood cabinetry, while the open-concept living and dining area are complemented with a striking fireplace complete with built-ins and incredible lake views. Ash engineered hardwood runs throughout the entire home. The fully finished basement has heated floors, two large bedrooms-perfect for a home office-plus 4 pc bath, rec room and gym, oversized laundry room and additional storage room. Find peace-of-mind with an 11kW automatic generator fully wired into the home for protection against power outages, a reverse osmosis drinking water system, HRV air return system, propane furnace and central AC. Enjoy extra storage in both the mudroom and heated attached garage, or park your boat and ATV in the bonus detached drive-shed. Spend the evenings listening to the loons inside your vaulted Muskoka Screen room and take in a captivating sunset! Easy access to high-speed internet is ideal for remote work, with the added convenience of nearby schools, hospital, restaurants, shopping, community centre, and more in Bancroft. The Heritage Trail is only minutes from your door as well as access to Silent Lake and Algonquin Provincial Park.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age0-5
Size1500-2000 sq. ft.
Property Tax$7,123
Lot Size290 ft x 221 ft
mls© NumberX13764958
Listed ByColdwell Banker Electric Realty

Listing History

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  • 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%
$7,007
Property tax
$594
Heat allowance
$150
Housing costs
$7,751 / mo

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

Down payment20% · $273,800
25-yr amortization

Income needed

$238,000

gross annual household income

Payment at 4%
$5,761 / mo
Cash down
$273,800

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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