3-Bed Lakefront Fixer-Upper on McMaster Lake with Workshop

Property details for 10a Mcmaster Lake Lane, Madawaska Valley

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 1
Lot Size: 132.6 x 473 FT
Stories: 1
Basement: Full
Parking: Detached Garage, Garage
Heating: Oil, Wood, Other
Cooling: None
Exterior: Brick
Ownership: Freehold
Annual Taxes: $2,340 (2025)

This brick bungalow sits on 1.15 acres with 73 feet of McMaster Lake frontage, and it's a rare find since these properties don't hit the market often. The place needs work, but the bones are solid: metal roof, block foundation, and a layout that's ready for your vision. Inside, you've got 3 generous bedrooms and a big bathroom, plus living and family rooms on the main floor. The full basement offers tons of storage or potential for extra living space. What really sets this apart is the detached two-bay workshop with a woodstove, perfect for projects, plus an attached garage and several outbuildings. There's even a separate structure that could become a guest cottage. The lot slopes gently to the water with a wide, easy path down, and you've got privacy on one side thanks to an unopened road allowance. You're just a short drive from Barry's Bay for cafes, shops, and the hospital. Priced at $359,000, this is a fantastic opportunity for someone willing to put in the sweat equity. Water's right there, and the fishing's supposed to be great. Need some tools? The workshop's got you covered.

About 10a Mcmaster Lake Lane, Madawaska Valley — Property Score

Hot Market Great Location Well Priced

Score: 67/100

Value

Priced 33.5% below area median of $539,900 based on 35 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

1 bathroom - 1 fewer than similarly priced properties nearby 48

62,720 sqft lot - an oversized lot for the area 90

Location

$62K median household income - near the Canadian average of $70K 61

82% of residents hold postsecondary credentials - a highly educated neighbourhood 90

90% homeownership rate - indicating a stable, owner-occupied community 93

65% of residents commute under 30 minutes - excellent commuter accessibility 82

5/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 116 days on market 100

+71.6% median price change over 1 month - rising prices in the area 100

44 months of housing supply - 44 active listings with 1 sold last month (buyer's market) 40

Features

7-car garage - more than the area average of 6.8 spots 95

Full basement 55

Oil, Wood, Other 60

None 30

Waterfront, View - premium features that add significant value 80

Investment

0.65% effective tax rate ($2,340/yr) - below the Canadian average of ~1% 81

8% renter population - primarily owner-occupied area 39

Quality

Condition

Listing

44 photos provided - 16% more than the area average of 38 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.