3004 Rideau Ferry Road, Drummond/North Elmsley, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of 903 - Drummond/North Elmsley (North Elmsley) Twp. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $699,900 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 1100-1500 sqft on a premium 385.69 x 203.6 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 12.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Prime Investment Opportunity! Unlock the perfect balance of residential comfort and commercial potential with this unique 1.2-acre property. Strategically located on the edge of Perth, this renovated 3-bedroom, 2-bathroom home offers the benefits of Drummond/North Elmsley Township while maintaining immediate proximity to town amenities. This home is fully move-in ready, featuring a thoughtful layout and contemporary updates throughout. The main floor offers a bright, eat-in kitchen that flows seamlessly into a formal dining room and open-concept living area. The convenience of a main-floor laundry room and a beautifully renovated 3-piece bathroom makes daily living effortless. Upstairs, you will find three well-appointed bedrooms and a second updated bathroom, providing extra conveniences for family or tenants. Modern flooring runs throughout the entire home, enhancing the bright and airy atmosphere. The standout feature of this property is the massive detached garage, Zoned Commercial Highway. This designation opens a world of possibilities for entrepreneurs and investors alike. For the business owner, it offers the chance to eliminate a commute and overhead by running operations directly from home. For the investor, it provides a dual-income stream with the potential to rent the residential home and the commercial space separately. Whether you are looking to expand your investment portfolio or seeking a "live-work" lifestyle that offers both space and visibility, this property is a rare find. Enjoy the expansive 1.2-acre lot, modern interior finishes, and the high-traffic potential of a highway-zoned commercial space. This property isn't just a home; it's a versatile asset positioned in one of the most convenient locations in the area.
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Pricing & Value Insights
Data-driven valuation for 3004 Rideau Ferry Road, Drummond/North Elmsley, ON K7H 0H3
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About Purchasing a Home in Drummond/North Elmsley, ON
For a property listed at $699,900 in Drummond/North Elmsley, the legal minimum down payment is $44,990 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 $10,473 for this transaction. As this listing is in Drummond/North Elmsley (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,473.
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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.