1065 Rainbow Lane, Bracebridge, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Draper. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $1,050,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 74.22 x 192.5 ft lot
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Accessory Apartment, Propane Tank, Sauna
- equipped with window unit(s) central cooling and highly efficient baseboard heating via propane
Description
Renovated Four Season Cottage with Bunkie 15 Minutes from Bracebridge. Located 15 minutes off Hwy 11, this three-bedroom two bath cottage on the desirable McKay Lake is perfect for a young family or retirees. Renovations include updated open concept plan, new paint, engineered hardwood, interior doors, pot lights and Decora switches throughout. Kitchen features new windows, cabinets, hardware and counters and both bathrooms have new glass showers, vanities, toilets and tile floors. Kitchen and bathroom plumbing upgraded. This cottage offers a gorgeous view of the lake from a generous deck. There are two bedrooms on the main floor and a potential third bedroom in the upper area currently used as an office. The primary bedroom offers a walk-in closet. The large Bunkie is heated, insulated, offers a sitting room and its own deck. There is a detached 12' x 20' garage for parking or the toys, plus a 11' x 18' Carport, 8' x 12' Workshop and Storage Rooms. The forced air propane furnace was new in Dec 2022. The shoreline is owned and dock boards are new. Bonuses: Generac generator, 2 propane fireplaces, covered parking, water filtration system, appliances included, blinds and curtains, fire pit and new $10,000 Electric Sauna overlooking the water. Furniture is negotiable. Call to view.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Clear View, Waterfront
Interior Features
Accessory Apartment, Propane Tank, Sauna, Storage
Security Features
Carbon Monoxide Detectors, Smoke Detector
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1065 Rainbow Lane, Bracebridge, ON P1L 1X3
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Bracebridge, ON
For a property listed at $1,050,000 in Bracebridge, the legal minimum down payment is $210,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $17,475 for this transaction. As this listing is in Bracebridge (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $17,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.