5931 Matawatchan Road
Greater Madawaska, ON
- 2 bed
- 1 bath
- approx. 1500-2000 sqft
- Detached
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.
Listing Details
- Taxes (2025)
- $1,297
Price History
Property
- Style
- Bungalow
- Construction
- Concrete Block
- Roof
- Metal
- Foundation
- Block
- Interior
- Primary Bedroom - Main Floor, Water Heater Owned
- Lot Size
- 337.3 x 294.01 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 10
Utilities
- Sewer
- Septic
- Heat Source
- Propane
Location & Legal
- Cross Street
- Matawatchan Rd. and HWY 41
- Parcel Number
- 574920177
- Possession
- Immediate
- Occupancy
- Vacant
Community
Postal area K0J
- Population
- 34,322
- Private dwellings
- 19,885
- Median age
- 52.4
- Average household size
- 2.3
- Median household income
- $76,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Greater Madawaska · last 12 months
- Median sold price
- $470,250
- Homes sold
- 64
- Median days on market
- 40
- Sale-to-list price
- 94.8%
Based on 64 recorded sales of residential freehold properties in Greater Madawaska over the last 12 months.
Rooms
4-piece on Main
Main
- Bedroom11' x 11'6"
- Foyer14'6" x 9'
- Kitchen10' x 8'8"
- Laundry11'6" x 5'1"
- Living Room21' x 14'
- Primary Bedroom16' x 11'6"
Listed by
ROYAL LEPAGE TEAM REALTY
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
What this home costs
Based on $11,745 down (5%) · 25 yrs · 5.50% fixed, placeholder rate · Canadian citizen or PR · just me · before other debts.
No published rate is available right now: this uses a placeholder rate; type your own below.
- Mortgage(calculated)includes the mortgage insurance premium added to the loan$1,417
- Property tax(from the listing)$108
- Heating(estimated)$220
- Home insurance(estimated)$59
Utilities other than heat (hydro, water, internet) are not included.
- Down payment(calculated)$11,745
- Land transfer tax(calculated)$2,074
- Sales tax on the insurance premium(calculated)paid in cash at closing, not added to the loan$714
- Legal and title insurance(estimated)$2,050
- Closing adjustments(estimated)prepaid property tax and condo fees$470
- Home inspection(estimated)$400
- Water test and septic inspection (optional)(estimated)$700
Tested at 7.50%, the higher rate lenders use (your rate plus 2, or 5.25%, whichever is higher).
Assumes no other debts: housing costs (mortgage, property tax, heating, half any condo fee) at most 39% of gross income.
For example, a quote from your bank. Leave it empty to use 5.50%.
This listing shows a well or septic system. Lenders and insurers usually want a water test and a septic inspection; they are in the cash breakdown as an optional line.
Rate: a placeholder, not a published rate. Every figure is an estimate.
Investment Analysis
Investor terms: 20% minimum down; mortgage rates for rental properties are often higher, so these figures can differ on purpose from “What this home costs”. Rate: a placeholder, not a published rate; figures are illustrative only.
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,147/mo (20% down, 5.5%)
Taxes: $108/mo · Insurance: $59/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?