2162 Bay Lake Road

Introducing a remarkable opportunity to acquire a house for sale in Faraday , located at 2162 Bay Lake Road, Faraday. This impressive property comprises three detached houses situated on just shy of an acre, with the addresses of 2162 and 2176 Bay Lake Road, Faraday. Ideal for investors, handymen, or those with a keen eye for potential, this multi-family setting is perfectly positioned just five minutes from the charming town of Bancroft, offering a wealth of conveniences and amenities.

The main house, a spacious bungalow, boasts six well-appointed bedrooms and five bathrooms, making it an ideal residence for a large family or a group of individuals seeking comfortable living arrangements. In addition to the main house, the property features two additional houses, each designed as one-and-a-half storeys with thoughtful additions. All three homes come with metal roofs in good condition, ensuring durability and low maintenance. The total number of rooms across the three houses is an impressive 15, complemented by an additional nine rooms, which can be tailored to suit various needs.

This house for sale in Faraday also includes three kitchens, catering to the culinary needs of multiple families or guests. Although there is no additional kitchen, the existing kitchens are well-equipped for all your cooking requirements. The property is unfurnished, allowing new owners to personalise their living spaces to their liking. Central air conditioning ensures comfort throughout the warmer months, while the forced air heating system provides warmth during the cooler seasons.

The living areas are enhanced by a welcoming family room, perfect for gatherings and relaxation. A fireplace adds a touch of warmth and charm, creating a cosy atmosphere during the winter months. Connectivity is assured with internet access available throughout the property, making it convenient for both work and leisure activities.

The house for sale in Faraday is set on a generous lot, with approximately 0.50 to 1.99 acres of land. This expansive outdoor space offers ample opportunities for gardening, recreation, or simply enjoying the serene surroundings. While there is no pool on the property, the potential for outdoor living is vast, allowing for the creation of your own personal oasis.

Parking is abundant, with a private triple driveway and a private double driveway, providing space for up to 30 vehicles. The property also includes a carport, ensuring protection for your vehicles from the elements. Although there is no central vacuum system, the full basement offers additional storage space and potential for further development, should you wish to enhance the property further.

The location of this house for sale in Faraday is truly advantageous. With easy access to Hwy 62 and Bay Lake Road, commuting to nearby towns and cities is a breeze. The community of Faraday is known for its natural beauty and tranquil lifestyle, making it an attractive place to call home. The property is being sold as-is, providing a blank canvas for the new owners to make their mark.

In summary, 2162 Bay Lake Road, Faraday, presents an exceptional opportunity for those looking to invest in a versatile property with multiple living options. With its generous space, prime location, and the potential for significant returns, this house for sale in Faraday is not to be missed. Whether you are an investor seeking a multi-family setup or a family looking for a spacious home with room to grow, this property offers endless possibilities. Don't hesitate to explore this unique offering and envision the potential that awaits at 2162 Bay Lake Road, Faraday.

Faraday, nestled within the vibrant city of Faraday, offers a unique blend of urban convenience and natural beauty. This charming area is characterised by its tree-lined streets, quaint parks, and a variety of local shops and cafes that foster a welcoming atmosphere. Residents enjoy easy access to public transport, making it simple to explore the wider city while still relishing the tranquillity of their neighbourhood. With a strong sense of local identity, Faraday is an ideal place for those seeking a balanced lifestyle, where community spirit thrives amidst the backdrop of modern amenities and picturesque surroundings.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Just 1.9 km away is York River Public School, an elementary school serving grades JK to 6 under the Hastings and Prince Edward District School Board, with a school rating of 2.5. For secondary education, North Hastings High School is located 2.9 km from the property, offering grades 7 to 12, and boasts an impressive school rating of 4.8, indicating a strong academic performance. Additionally, Our Lady of Mercy Catholic School, also 2.9 km away, provides a Catholic education for students from JK to 8 and has a notable school rating of 5.9. Both public and Catholic schooling options are available within a short distance, catering to diverse educational preferences. The proximity to these schools enhances the appeal of the property, ensuring that quality education is easily accessible for children in the area. Overall, the local educational landscape supports a nurturing environment for young learners, making this property a great investment for families seeking a supportive community.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 400 residents, with an average household size of 2.1 individuals. The demographic profile indicates a mature community, with an average age of 51.9 years. The average household income stands at $86,000, although 17% of the population is classified as low-income. The average property price in the area is $580,000, reflecting a stable real estate market. A significant portion of the population, 35.62%, is single, while 19.23% of households include children. Immigrants make up 10.59% of the community, contributing to its diversity. The rental market is modest, with only 11.63% of residents renting their homes, and there are no condominiums in the area. Educational attainment is high, with 59.49% of residents holding a college or university degree. However, a notable 53.16% of the population is not in the labor force, which may influence local economic dynamics. Overall, this demographic snapshot reveals a well-educated, primarily stable community with a mix of family structures and a relatively high average income.