Phone

C$699,900

Lot 21 Trinco Rd, Madoc, Ontario, K0K 0C3

3 Bedroom

4 Bathroom

2 Garage

MLS - #X12025250

FOR Sale

Description

Moira Meadows is more than just a home ..Its a lifestyle. Nestled in the heart of Madoc, Ontario, this exclusive enclave of 24 beautifully crafted ranch-style bungalows seamlessly blends modern comfort with small-town charm, offering the perfect balance of sophistication and effortless living. The featured model on Lot 21 is the Birch, a stunning bungalow with a 57 foot frontage and 1,337 square feet of thoughtfully designed living space. This home features three bedrooms, two bathrooms, and a spacious two-car garage, making it ideal for families, retirees, or those seeking a peaceful retreat. Designed for relaxed and comfortable living, each home in Moira Meadows features an open-concept layout that prioritizes accessibility, convenience, and tranquility. Whether you begin your day with a peaceful morning stroll or unwind on your private backyard patio, every moment here feels like a retreat. Surrounded by the natural beauty of Moira Lake, this picturesque community is a haven for outdoor enthusiasts. Residents can enjoy scenic hiking and cycling trails, tranquil beaches, shoreline walks, nearby golf courses, fishing spots, local wineries, parks, and lush green spaces all just minutes from their doorstep. With elegant designs, spacious backyards, and breathtaking views, Moira Meadows offers the perfect sanctuary to relax and unwind. Ideally located and thoughtfully designed, this is your opportunity to embrace timeless elegance with nature at your doorstep.

Last check for updates

Property type

Detached

Style

2-Storey

Community

Lot size

6,281 Sqft

Garage spaces

Home Overview

Basement information

Unfinished, null

Virtual tour

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Mls® #

X12025250

Building size

1100-1500

Status

Active

Property sub type

Taxes

Tax year

2025

Maintenance fee

N/A

Year built

Interior

# total bathrooms

# Full baths

# of above grade bedrooms

# of rooms

Family room available

Laundry information

Main

Exterior

Construction materials

Brick

Other structures

# garage spaces

# parking spaces

Garage features

Attached

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Pvt Double

Amenities / Utilities

Cooling

None

Heat source

Gas

Heat type

Forced Air

Sewers

Location

Water source

Municipal

Area

Hastings

Community

Community features

, , , , ,

Directions

St Lawrence Street East/ Concession Rd

Walk Score for Lot 21 Trinco Rd

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Phone

Map View

Mortgage Calculator

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Down Payment :

Mortgage Amt :

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Mortgage Term :

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Your Estimated Monthly Mortgage Payment.

Steps to calculate your payments using a mortgage calculator

1. Determine the purchase price of the home.

2. Calculate the down payment (usually 5-20% of the purchase price in Canada).

3. Subtract the down payment from the purchase price to get the mortgage amount.

4. Choose a mortgage term (typically 5 years in Canada) and amortization period (usually 25-30 years).

5. Determine the interest rate (check current rates from Canadian lenders).

6. Use a mortgage calculator or formula to determine the monthly payment based on the mortgage amount, interest rate, and amortization period.

7. Factor in additional costs like property taxes, home insurance, and possibly mortgage insurance if the down payment is less than 20%.

8. Consider the impact of making accelerated bi-weekly payments instead of monthly payments to pay off the mortgage faster.

9. Review the total interest paid over the life of the mortgage.

10. Ensure the monthly payments fit within your budget, typically not exceeding 32% of your gross monthly income for housing costs.

Terms Explained

Home Value: The current market value or purchase price of the property.

Down Payment: The initial upfront portion of the total home purchase price paid by the buyer.

Mortgage Amount: The amount borrowed from a lender to purchase the home (Home Value minus Down Payment).

Interest Rate: The percentage charged by the lender for borrowing the money, usually expressed as an annual rate.

Mortgage Term: The length of time your mortgage agreement and interest rate are in effect (typically 1-5 years in Canada).

Amortization Period: The total length of time it will take to pay off the entire mortgage (usually 25-30 years in Canada).

Monthly Payment: The amount paid each month towards the mortgage, including principal and interest.

Principal: The original amount borrowed, which decreases as payments are made.

CMHC Insurance: Mortgage default insurance required for down payments less than 20% of the home's value.

Property Taxes: Annual taxes levied by local governments based on the property's assessed value.

Home Insurance: Coverage to protect the property against damage or loss.

Land Transfer Tax: A tax paid to the provincial government when purchasing a property.

Closing Costs: Additional expenses incurred when finalizing a home purchase (legal fees, inspections, etc.).

Prepayment Privileges: Options to pay extra towards the mortgage without penalties.

Fixed Rate Mortgage: A mortgage where the interest rate remains constant for the term.

Variable Rate Mortgage: A mortgage where the interest rate can fluctuate based on the prime rate.

Refinancing: The process of replacing an existing mortgage with a new one, often to take advantage of better terms or rates.

These terms are commonly used in mortgage calculations and discussions about home financing in Canada.