2420 Providence Line, Otonabee-South Monaghan, ON
Property Highlights
Welcome to this remarkable Bungalow rural residential located in the coveted neighborhood of Otonabee-South Monaghan. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $2,200,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 2000-2500 sqft on a premium 2016.68 x 2188.82 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient carport configuration
- Notable attributes: None
- equipped with other central cooling and highly efficient forced air heating via gas
Description
Rare Offering Of Approximately 100 Acres Of Freehold Land In The Township Of Otonabee-South Monaghan, County Of Peterborough - Roughly 90 Acres Of Rural And Natural Land With Mature Cedar And Mixed-Hardwood Bush, And A Watercourse With Environmental Protection Lands. Predominantly Rural (RU) Zoned, With A Small Square Of Rural Residential (RR), A Waste Disposal Industrial (MD) Zone, And Environmental Protection (EP). The Standout Feature: WhileThe Land Is Largely Rural, The City Recognizes The Existing Uses As Legal Non-Conforming. The Recycling/Wrecking Yard And Shop, Which Would Normally Fall Under The MD Zone, Sit Within The Rural Zone, And The Township's Records Trace This Use Back To 1979, So The Location And Size Of The Yard And Shop Are Permitted As Legal Non-Conforming (May Continue At Current Location And Size; Cannot Be Enlarged Without Planning Approvals) . Improvements Include A Renovated Detached Home Serviced By Well, Septic, And 400-Amp/220-Volt Hydro; An Approx. 2,500 Sq Ft Autobody Workshop; And The Established Salvage Yard With An 80-Ft Commercial Weigh Scale &Hydraulic Compressor. Beyond The Existing Operation, The Property Offers Untapped Upside: Approximately 7.5 Acres Of Waste Disposal Industrial (MD) Land That Could Support The Set-UpOf A Waste Disposal Or Recycling Business, And Roughly 1.5 Acres Of Rural Residential (RR)Land Offering Potential To Build A New Rural Farmhouse Or Home - Both Subject To MunicipalApprovals. Approximately 20 Minutes To Peterborough, About 1.5 Hours To The GTA, With DirectFrontage On A Paved Municipal Road. Sold As-Is, Where-Is.
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Property Summary
This rural residential located at 2420 Providence Line, Otonabee-South Monaghan is currently for sale and has been available on SousaSells for 9 days. This property is listed at $2,200,000 with an estimated mortgage of $7,323* per month. It has 2 beds, 1 bathroom, and is 2000-2500 square feet. 2420 Providence Line, Otonabee-South Monaghan is in the Otonabee-South Monaghan neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2420 Providence Line, Otonabee-South Monaghan, ON K9J 6X8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Otonabee-South Monaghan, ON
For a property listed at $2,200,000 in Otonabee-South Monaghan, the legal minimum down payment is $440,000 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 $41,475 for this transaction. As this listing is in Otonabee-South Monaghan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $41,475.
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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.