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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in Faraday
About 371 Albion Lake Drive
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 built-in-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.
Faraday land priced at $54,999 — book a tour to see if it fits your search.
Inside 371 Albion Lake Dr
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0.505
Listing & possession
Property class
Vacant Land
371 Albion Lake Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13497464$54,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 371 Albion Lake Dr Compares to the Faraday Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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
$270
/mo
based on the purchase price of $54,999
$11,000 cash
$43,999 financed
$37,059 total interest
Principal54%$43,999
Interest46%$37,059
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
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Book a tour of 371 Albion Lake Dr with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 371 Albion Lake Dr day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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+20.8%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 15 sales from Jul 24 – Oct 22, 2026 (12 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 371 Albion Lake Dr
How much is 371 Albion Lake Dr listed for?
371 Albion Lake Dr is listed at $54,999 (MLS® X13497464). Summitly updates the price as soon as the MLS® record changes.
Has the price of 371 Albion Lake Dr changed?
No — 371 Albion Lake Dr is still listed at its original asking price of $54,999.
How many bedrooms and bathrooms does 371 Albion Lake Dr have?
The listing for 371 Albion Lake Dr doesn't publish its bedroom and bathroom count. It is a lot in Faraday.
How much would the monthly mortgage be on 371 Albion Lake Dr?
About $270 a month — principal and interest on $54,999 with 20% down ($11,000), 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 371 Albion Lake Dr compare with other homes in Faraday?
Its asking price of $54,999 is about 89% 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 371 Albion Lake Dr been sold before?
Summitly has no earlier MLS® sale or lease of 371 Albion Lake Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 371 Albion Lake Dr?
371 Albion Lake Dr is in Faraday, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 371 Albion Lake Dr been on the market?
117 days — 371 Albion Lake Dr was listed on June 27, 2026.
What is the lot size of 371 Albion Lake Dr?
The lot is 25.995 acres, as published in the listing.
What is the land transfer tax on 371 Albion Lake Dr?
About $275 in Ontario land transfer tax at the asking price of $54,999. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 371 Albion Lake Dr or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 371 Albion Lake Dr?
The listing for 371 Albion Lake Dr doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Faraday.
