1015 Ruscom River Road, Lakeshore, ON

$1,599,000
MLS#:X9049596
6 beds
5 baths
22.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow rural residential located in the coveted neighborhood of Lakeshore. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $1,599,000 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.

  • 6 Bedrooms and 5 Bathrooms with 2 functional kitchens
  • Premium 98.43 x 460 ft lot size
  • Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 22.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Are you a boater? Fisherman? Ice Skater? Snowmobiler? Swim spa, hot-tub lover? Car collector? Hobbiest? Do you love to entertain? Have a home occupation? Have a child or an in-law looking for more privacy? Do you NEED your own speakeasy? If you said yes to any of these questions, this very unassuming 2,800 sq foot home is for you! This gorgeous 2 year old custom ranch is on just over one acre and has a 7 car garage and is boasting an additional 650 sq ft one bedroom residence in the rear overlooking the dock area on Ruscom River. Nothing to do but move in! From soaring ceilings, custom finishes, 4.5 baths and five bedrooms in total (including the guest house), even your very own speakeasy hidden behind a bookshelf in the office Please check out the feature sheet, virtual tour, and photos with drone to see all of the options this beautiful custom home has to offer. Too much to state here!

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Property Summary

This rural residential located at 1015 Ruscom River Road, Lakeshore is currently for sale and has been available on SousaSells for 727 days. This property is listed at $1,599,000 with an estimated mortgage of $5,322* per month. It has 6 beds, 5 bathrooms, and is unknown square feet. 1015 Ruscom River Road, Lakeshore is in the Lakeshore neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
6
Bathrooms
5
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusExpired
Listed Date7/19/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeRural Residential
Architectural StyleBungalow
ConstructionAluminum Siding, Brick
BasementFull, Partially Finished
Lot Size98.43 × 460 Feet
CountyEssex
Annual Tax$9,272.61
Legal DescriptionPT LT 8 CON ERR ROCHESTER PT 4, 12R11437; LAKESHORE

Parking & Garage

Parking Spaces22.0
Garage Spaces15
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Campground, Golf, Marina, Park, River/Stream, School

Interior Features

None

Security Features

Community Features

Virtual Tours

Location

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1015 Ruscom River Road, Lakeshore, ON
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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 1015 Ruscom River Road E, Lakeshore, ON N0R 1S0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Lakeshore.

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Interest Rate4.00%
Down Payment$479,700 (30.0%)
* Minimum Canadian down payment required for this price is $319,800.
Amortization Period30 Years
Estimated Monthly Payment$5,322Based on a loan of $1,119,300 over 30 years.
Purchase Price$1,599,000
Loan Amount$1,119,300
Provincial Land Transfer Tax:$28,455
Total Estimated Closing Taxes:$28,455

About Purchasing a Home in Lakeshore, ON

For a property listed at $1,599,000 in Lakeshore, the legal minimum down payment is $319,800 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 $28,455 for this transaction. As this listing is in Lakeshore (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $28,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Lakeshore, Lakeshore.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,018,593

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.