Walkout bungalow with river views on Davidson Lane

Property details for 703 Davidson Lane, Mcnab/braeside

Type: Residential
Style: Bungalow
Bedrooms: 5
Bathrooms: 2
Lot Size: 91.9 x 331 FT
Stories: 1
Basement: Finished, Walk out, N/A
Parking: Detached Garage, Garage
Heating: Heat Pump, Electric
Cooling: Wall unit
Exterior: Vinyl siding
Ownership: Freehold
Annual Taxes: $5,212

This walkout bungalow sits right on the Madawaska River, with a 0.79-acre lot that's mostly trees and lawn. Main floor is 1,300 sqft with a living room that has vaulted ceilings and big casement windows facing the water. You'll find the kitchen with slate counters and stainless appliances, plus a dining room that opens off it. Primary suite has his-and-hers closets and a flex room that could be an office or nursery. There's also a second bedroom and a full bath on this level, so main-floor living is easy. Basement is where the party's at: another 1,209 sqft with luxury vinyl plank flooring, a wood stove in the rec room, a screen porch, and three more bedrooms. In-floor heat in the basement bath is a nice touch for cool mornings. Outside, there are multiple decks for BBQs, and you can walk right down to the water to launch a kayak or paddleboard. It's on a quiet private road, but you're only about 2 km from Neat Coffee Shop in Burnstown and about 6 km from Alexander Stewart Provincial Park. Lot is 91.9 x 331 ft, with a detached garage and room for eight vehicles. Taxes run about $5,212 a year, and the asking price is $989,000, which seems fair given the waterfront and condition.

About 703 Davidson Lane, Mcnab/braeside — Property Score

Score: 61/100

Value

Priced 29.3% above area median of $764,950 based on 8 comparable properties nearby 26

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 2 more than similarly priced 3-bedroom homes nearby 84

2 bathrooms - 1 fewer than similarly priced properties nearby 48

30,419 sqft lot - an oversized lot for the area 90

Location

$75K median household income - near the Canadian average of $70K 67

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

88% homeownership rate - indicating a stable, owner-occupied community 91

41% of residents commute under 30 minutes - good commuting convenience 63

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

Market

Just listed - area average is 34 days on market 100

-48.4% median price change over 1 month - declining prices in the area 1

19.5 months of housing supply - 39 active listings with 2 sold last month (buyer's market) 40

Features

8-car garage - more than the area average of 6.3 spots 95

Finished, Walk out, N/A basement - adds valuable living space 85

Heat Pump, Electric 50

Wall unit 60

Waterfront, View - premium features that add significant value 80

Investment

0.53% effective tax rate ($5,212/yr) - very low tax burden 84

12% renter population - primarily owner-occupied area 45

Quality

Condition

Listing

40 photos provided - 5% 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.