Great building lot with 1.75 acres with a short 5 minute walk to L'Amable Beach (Dam). This property is tucked off the main road through an unopened road allowance.
works out to roughly $84 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside 0 Unopened Road Allowance
Every detail from the listing, in one place.
Type
Land
Living space
< 700 sq ftas stated on the listing
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
0 Unopened Road Allowance Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X12088778$59,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 0 Unopened Road Allowance Compares to the Faraday Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$290
/mo
based on the purchase price of $59,000
$11,800 cash
$47,200 financed
$39,755 total interest
Principal54%$47,200
Interest46%$39,755
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio93.2%On average, homes sold below asking.
Active listings24Homes for sale here right now.
Median vs prior 90 days+24.1%Compared with Apr 24 – Jul 23, 2026: prices up.
Based on 15 sales from Jul 23 – Oct 21, 2026 (13 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 0 Unopened Road Allowance
How much is 0 Unopened Road Allowance listed for?
0 Unopened Road Allowance is listed at $59,000 (MLS® X12088778). Summitly updates the price as soon as the MLS® record changes.
Is $59,000 a good price for 0 Unopened Road Allowance?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Faraday. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 0 Unopened Road Allowance changed?
No — 0 Unopened Road Allowance is still listed at its original asking price of $59,000.
How many bedrooms and bathrooms does 0 Unopened Road Allowance have?
0 Unopened Road Allowance has about 700 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in Faraday.
How much would the monthly mortgage be on 0 Unopened Road Allowance?
About $290 a month — principal and interest on $59,000 with 20% down ($11,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 0 Unopened Road Allowance compare with other homes in Faraday?
Its asking price of $59,000 is about 88% below the median sold price in Faraday over the last 90 days, $500,000, across 15 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 0 Unopened Road Allowance been sold before?
Summitly has no earlier MLS® sale or lease of 0 Unopened Road Allowance on record from the last two years. Older records aren't shown under TRREB rules.
Where is 0 Unopened Road Allowance?
0 Unopened Road Allowance is in Faraday, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 0 Unopened Road Allowance been on the market?
553 days — 0 Unopened Road Allowance was listed on April 16, 2025.
What is the price per square foot of 0 Unopened Road Allowance?
About $84 per square foot: the asking price of $59,000 over the 700 sq ft the listing gives.
What is the lot size of 0 Unopened Road Allowance?
The lot is 25.995 acres, as published in the listing.
What is the land transfer tax on 0 Unopened Road Allowance?
About $315 in Ontario land transfer tax at the asking price of $59,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.