New 2023 Farmhouse Bungalow on Wooded Lot Near Westmeath

Property details for 1485 Rapid Road, Whitewater Region

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 3
Lot Size: 107.9 x 233.2 FT ; Irregular
Stories: 1
Basement: Finished, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Propane
Cooling: Air exchanger, None
Exterior: Brick, Vinyl siding
Ownership: Freehold
Annual Taxes: $4,674

This 2023 build sits on a 107.9 x 233.2 ft lot with plenty of privacy and trees. The main floor is open concept with a modern farmhouse vibe. Kitchen has granite counters, stainless steel appliances, propane range, glass tile backsplash, and a pantry with butcher block shelves. Living room features a propane fireplace and views of the yard. Primary suite includes a walk-in closet and a 3pc ensuite with a butcher block vanity and vessel sink. There's also a second main-floor bedroom with glass sliding closet doors, plus a mudroom with bench and hooks. Downstairs is fully finished with 2 large bedrooms, a family room with a bump-out for a future fireplace, a 3pc bath with a marble makeup area, and a utility room. The attached garage is drywalled and insulated with mezzanine storage. Outside, the covered deck has Fibron decking and metal railing, overlooking a flagstone patio, a custom shed, and raised garden beds. The landscaping includes natural stones and perennials. A Generlink system lets you hook up a portable generator. You're about 9 km from Westmeath Provincial Park and 20 minutes to Pembroke. Property tax is $4,674 annually. This is one of only a few active listings nearby, and with a median price around $679k, it's a solid pick for country living.

About 1485 Rapid Road, Whitewater Region — Property Score

Score: 63/100

Value

Priced 6.1% above area median of $639,900 based on 9 comparable properties nearby 61

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - 1 more than similarly priced 3-bedroom homes nearby 72

3 bathrooms - 1 more than similarly priced properties nearby 72

25,162 sqft lot - an oversized lot for the area 90

Location

$66K median household income - near the Canadian average of $70K 63

85% of residents hold postsecondary credentials - a highly educated neighbourhood 92

93% homeownership rate - indicating a stable, owner-occupied community 95

36% of residents commute under 30 minutes - longer average commute times 59

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

Market

Just listed - area average is 102 days on market 100

-7.1% median price change over 1 month - declining prices in the area 15

55 months of housing supply - 55 active listings with 1 sold last month (buyer's market) 40

Features

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

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

standard forced air system 75

Air exchanger, None 30

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.69% effective tax rate ($4,674/yr) - below the Canadian average of ~1% 79

7% renter population - primarily owner-occupied area 39

Quality

Condition

Listing

50 photos provided - 14% more than the area average of 44 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.