294 Albion Lake Drive
Faraday, ON K0L 1C0
- 3Bedrooms
- 1Bathroom
- 0Garage
- 700–1100Sq Ft
- $2,364Tax
- 100×157 ftLot Size
Estimated Value:$358,500See Free Estimate Report
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 294 Albion Lake Drive, Faraday
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About 294 Albion Lake Drive, Faraday
Summarized Description
- Charming 3-bedroom cottage with stunning lake views.
- Open-concept design perfect for family gatherings.
- Spacious wrap around deck for outdoor enjoyment.
- Level lot ideal for children to play safely.
- Close to recreational activities like canoeing and fishing.
- Convenient year-round access via plowed road.
- Nearby town offers essential amenities and unique shops.
Enjoy the stunning south-facing views over Albion Lake! This charming 3-season, 3-bedroom cottage offers a cozy retreat with open-concept living space-perfect for gathering with family and friends. The cottage also features a full 3-piece bathroom, sunroom and spacious wrap around deck. Set on a level lot with a firepit, the property is especially well-suited for families with young children, offering plenty of space to play and unwind. Albion Lake is a peaceful haven for canoeing, kayaking, boating, and fishing, Just 15 minutes away, Bancroft provides all the essentials and more, including grocery stores, unique shops, restaurants, a scenic riverside park, local craft breweries, and the popular Eagle's Nest trails.With ATV and snowmobile trails nearby, this property offers a true escape. The privately maintained road is plowed in winter, ensuring convenient year-round access. A wonderful getaway for making lasting family memories.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $2,364
- Land Transfer Tax Fee
- $4,474
Rental Items
- Rental Equipment
- None
- Basement Type
- None
Interior Features
- Interior Extras
- Carpet Free, Water Heater Owned
- View
- Lake, Trees/Woods, Water
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Exterior Extras
- Deck, Fishing, Seasonal Living
- Pool
- None
- Property Features
- Lake/Pond, Level, Wooded/Treed, Waterfront
Building
- Building Type
- Detached
- Building Style
- Bungalow
- Approx Age
- 31-50
Construction
- Exterior Finish
- Wood , Stucco (Plaster)
- Roof
- Asphalt Shingle
- Foundation Details
- Piers
- Special Designation
- Unknown
Lot
- Lot Front
- 100.00 ft
- Lot Depth
- 157.19 ft
- Lot Size
- 0.441
- Lot Shape
- Irregular
Inclusions
- Inclusions
- Appliances, Most Furniture, if required and tin boat
Exclusions
- Exclusions
- Kayak mounted on Dining Room Wall, Canoe, personal belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Other
- Air Conditioning
- None
- Water
- Well
- Sewers
- Septic
- Bedrooms
- 3
- Washrooms
- 1
- Kitchens
- 1
Room sizes
- Kitchen—Main level, Combined w/Dining, Open Concept
- Living Room—Main level, Open Concept
- Bedroom—Main level
- Bedroom 2—Main level
- Bedroom 3—Main level
- Sunroom—Main level, Wood
Washrooms
- 3-piece, Main
- Municipality
- Faraday
- Neighbourhood
- Faraday
- Main cross streets
- Airport Rd/ Albion Lake Drive
- Zoning
- SSR
- Directions
- Highway 28 N to Chemaushgan Rd to Airport Rd to Albion Lake Drive to number 294
- Waterfront
- Direct
- MLS® number
- X13053012
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-05-19
- Listed on
- 2026-04-28
- Days on market
- 21 days
- Possession type
- Immediate
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- BALL REAL ESTATE INC.
Home Market Value
Current home valuation for 294 Albion Lake Drive, Faraday, Faraday, ON. Listed for $399,900
HOMEH Estimate
$358,500
Estimated Sales Range
$315,399 - $401,601
HOMEH Estimate for 294 Albion Lake Drive, Faraday
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$19,995
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $15,196 | $11,157 | $9,518 | $0 |
=Total mortgage | $395,101 | $371,067 | $349,433 | $319,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $1,929monthly | $1,812monthly | $1,706monthly | $1,562monthly |
Land Transfer Tax
$4,474
$4,474
Around this home
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