5a Raven Lane, Faraday, ON

$499,900
MLS#:X12192640
2 beds
1 baths
< 700 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] other located in the coveted neighborhood of Faraday. Expertly crafted featuring premium aluminum siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning < 700 sqft on a premium 35.9 x 256.86 ft lot
  • Features a ["crawl space"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: Primary Bedroom - Main Floor, Water Heater Owned
  • equipped with ["wall unit(s)"] central cooling and highly efficient heat pump heating via electric

Welcome to 5A Raven Lane, a charming 3-season lakeside cottage just minutes from Bancroft. This fully furnished 2-bedroom, 1-bath getaway sits on a private 0.25 acre lot with 53 feet of clean, weed-free shoreline on the tranquil Riddell Lake. Freshly renovated and move-in ready, the open-concept interior features a bright kitchen, cozy living and family room, and uninterrupted lake views from nearly every window. Take in the breathtaking sunset, from the claw bathtub overlooking the lake, or walk out from the dining area to a private deck. There is no shortage of great spaces to embrace all that this cottage has to offer. Stay comfortable spring through fall with a wall-mounted electric heating and cooling unit. Outside, enjoy a spacious fire pit/barbecue area with built-in seating, perfect for roasting marshmallows or cooking up dinner with a view. Step down a tier to nearly 400 square feet of private dock, fantastic for entertaining, sunbathing, and launching your included paddle boards (x2), canoe, or paddle boat. The water is deep and clean off the dock, making it perfect for diving and summer fun. Don't stress about furnishing, as everything you need is included, inside and out. Pull into the private driveway offering an abundance of space for parking fitting 6 vehicles comfortably. Whether you're looking for a peaceful retreat, a family cottage, or a hassle-free rental opportunity, 5A Raven Lane offers the turnkey lifestyle you've been waiting for.

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Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 12, 2025
Sold price information is available to members only
Listed Date6/3/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeOther
ConstructionAluminum Siding, Vinyl Siding
Lot Size35.9 × 256.86 Feet
CountyHastings
Annual Tax$2,029.71
Legal DescriptionPT LT 12 CON B FARADAY PT 3 21R18302 SRO; FARADAY; COUNTY OF HASTINGS

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeHeat Pump
Cooling["Wall Unit(s)"]

Features

Property Features

Golf, Hospital, Lake Access, Lake/Pond, Rec./Commun.Centre, School

Community Features

Location

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5a Raven Lane, Faraday, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 5a Raven Lane, Faraday, ON K0L 1C0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$399,920
Monthly Mortgage$2,324
Property Tax (Est.)$169
Utilities & Maint.$350
Total Monthly Cost$2,843

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Faraday.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Faraday, Faraday.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$573,327

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.