Discover endless possibilities in this unique, character-filled former schoolhouse offering approximately 1,788 square feet of bright, living space. The home features two bedrooms, a full bathroom, and the convenience of a dedicated laundry room. Set on approximately 2 acres bordered by mature trees for natural privacy. Severance Potential: Boasting 337 feet of frontage on Matawatchan Road with two existing access points, this property offers exciting potential to be severed into two separate lots (subject to municipal approval).Whether you are looking for a peaceful country residence, a weekend retreat, or a smart investment with future development upside, this one-of-a-kind property delivers.
2 bedrooms, 1 bathroom, about 1,500 sq ft, works out to roughly $157 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 5931 Matawatchan Rd
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1500-2000 sq ftas stated on the listing
Parking
10 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
10
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
5931 Matawatchan Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14180764$234,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5931 Matawatchan Rd Compares to the Greater Madawaska 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
$1,154
/mo
based on the purchase price of $234,900
$46,980 cash
$187,920 financed
$158,278 total interest
Principal54%$187,920
Interest46%$158,278
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.
For homeowners nearby
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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.
Keep looking near 5931 Matawatchan Rd
Homes for sale in Greater Madawaska
Every active Greater Madawaska MLS® listing, updated all day.
Average days on market42Homes sold in about 42 days on average.
Sale-to-list ratio94.3%On average, homes sold below asking.
Active listings69Homes for sale here right now.
Median vs prior 90 days−18.2%Compared with May 18 – Aug 16, 2026: prices down.
Based on 21 sales from Aug 16 – Nov 14, 2026 (24 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 5931 Matawatchan Rd
How much is 5931 Matawatchan Rd listed for?
5931 Matawatchan Rd is listed at $234,900 (MLS® X14180764). Summitly updates the price as soon as the MLS® record changes.
Is $234,900 a good price for 5931 Matawatchan Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Greater Madawaska. 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 5931 Matawatchan Rd changed?
No — 5931 Matawatchan Rd is still listed at its original asking price of $234,900.
How many bedrooms and bathrooms does 5931 Matawatchan Rd have?
5931 Matawatchan Rd has 2 bedrooms and 1 bathroom, with about 1,500–2,000 square feet of living space. It is a detached home in Greater Madawaska.
How much would the monthly mortgage be on 5931 Matawatchan Rd?
About $1,154 a month — principal and interest on $234,900 with 20% down ($46,980), 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 5931 Matawatchan Rd compare with other homes in Greater Madawaska?
Its asking price of $234,900 is about 50% below the median sold price in Greater Madawaska over the last 90 days, $466,500, across 21 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 5931 Matawatchan Rd been sold before?
Summitly has no earlier MLS® sale or lease of 5931 Matawatchan Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5931 Matawatchan Rd?
5931 Matawatchan Rd is in Greater Madawaska, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5931 Matawatchan Rd been on the market?
1 day — 5931 Matawatchan Rd was listed on November 13, 2026.
What is the price per square foot of 5931 Matawatchan Rd?
About $117 to $157 per square foot: the asking price of $234,900 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 5931 Matawatchan Rd have parking or a garage?
Yes — the listing gives 10 parking spaces.
Does 5931 Matawatchan Rd have a basement, and is it finished?
The listing describes the basement as: Unfinished.
