371 Albion Lake Drive, Faraday, ON

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MLS#:Members Only
0 beds
0 baths
Residential Freehold
Unavailable Listing

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Listing Status: Unavailable

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Added:Mar 6, 2026(176 days ago)
Updated:Jun 27, 2026(63 days ago)
Last Checked:11 minutes ago

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Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Faraday. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $59,000 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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 101 x 226 ft lot size

Description

Great opportunity to own a 0.5-acre recreational lot with DEEDED ACCESS to Albion Lake. This treed property offers a peaceful setting and is ideal for camping, a trailer, or a nature getaway. Enjoy easy walking access to the lake for swimming, paddling, and fishing while surrounded by nature. Albion lake is stocked with thousands of splake bi-annually and also contains bass and other species. Conveniently located just 20 minutes from Bancroft, this is an affordable opportunity to own your own slice of the outdoors.

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Key Features

000
Property Type
Residential Freehold

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Additional Details

StatusTerminated
AddedMar 6, 2026 (176 days ago)
UpdatedJun 27, 2026 (63 days ago)
Last Checked11 minutes ago
Transaction TypeFor Sale

Property Details Locked

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Property Details

Property Sub-TypeVacant Land
Lot Size101 × 226 Feet
CountyHastings
Annual Tax$99.49
Legal DescriptionLT 50 RCP 2330 T/W QR267281, T/W QR633522 EXCEPT THE EASEMENT THEREIN RE: PT 54 HSR240; FARADAY ; COUNTY OF HASTINGS

Parking & Garage

Heating & Cooling

Features

Property Features

  • Lake Access
  • Wooded/Treed

Interior Features

None listed

Security Features

None listed

Community Features

None listed

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Frequently Asked Questions about 371 Albion Lake Drive, Faraday, ON

Q.What is the asking price for 371 Albion Lake Drive, Faraday, ON ?

The current listing price for 371 Albion Lake Drive, Faraday, ON in Faraday, Faraday is $59,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 0 bedrooms and 0 bathrooms.

Q.What property type and architectural style is 371 Albion Lake Drive, Faraday, ON ?

371 Albion Lake Drive, Faraday, ON is a Vacant Land () featuring a basement.

Q.What key property features does 371 Albion Lake Drive, Faraday, ON offer?

Key property features include: Lake Access, Wooded/Treed.

Q.What heating and cooling systems are installed?

Heating is provided via standard central heat and cooling via .

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371 Albion Lake Drive, Faraday, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Faraday, Faraday

SAFETY RATING9.4 / 10
Low Incident Area
Total Annual Incidents35 incidents / yr
Average Per Month2.9 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

8 assaults (30.0/100k)

Property Security
Very Low

8 B&E (30.0/100k)

Auto Theft Risk
Low Risk

10 thefts (35.0/100k)

1-Year Trend
▼ 6%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Official Police Services ArcGIS Open Data
Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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Property History

No historical data available for this property.

This could be the first listing for this address.

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Pricing & Value Insights

Data-driven valuation for 371 Albion Lake Drive, 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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Faraday.

Configure Loan Settings

Interest Rate4.00%
Down Payment$17,700 (30.0%)
* Minimum Canadian down payment required for this price is $2,950.
Amortization Period30 Years
Estimated Monthly Payment$196Based on a loan of $41,300 over 30 years.
Purchase Price$59,000
Loan Amount$41,300
Provincial Land Transfer Tax:$315
Total Estimated Closing Taxes:$315

About Purchasing a Home in Faraday, ON

For a property listed at $59,000 in Faraday, the legal minimum down payment is $2,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $315 for this transaction. As this listing is in Faraday (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $315.

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Faraday, Faraday 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$735,966

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%

Best Schools in Faraday, Faraday

Elementary Schools

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Secondary Schools

No secondary schools data loaded.

Faraday, Faraday Demographic Home information

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.

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