5026 Rice Lake Drive, Hamilton Township, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Bewdley. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $2,698,888 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.
- 16 Bedrooms and 12 Bathrooms with 12 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 257.43 x 143.44 ft lot
- 14.0 total parking spaces available with a convenient other configuration
- Notable attributes: Other
- equipped with window unit(s) central cooling and highly efficient other heating via other
Description
Property includeds12 detached cottages, 4 cottages with 2 bedrooms and 8 cottages with 1 bedroom, each equipped with its own kitchen, stove or cooking range, and private washroom with a shower. *** situated right by Rice Lake with 257.43 ft of frontage and 143.44 ft of depth, where you can enjoy breathtaking sunrises, sunsets, and tranquil water views. Perfectly designed for flexible use. *** Notably, 4 of the homes have new roofs, ensuring added value and peace of mind for the future owner. Heating is provided through space heaters. *** Adding to its unique appeal, the property has Riparian Rights, allowing for private dock installation within property limits. A dock is installed and removed annually at a cost of approximately $1500 ($750 to install & $750 for take out), providing convenient access for boating and waterfront activities. *** For those with a vision for development, this property also offers the potential to be transformed into a stunning townhouse community. Professionally designed plans for project are already available and can be provided to the buyer as a reference. Connections to experienced planner and architect teams can be arranged. *** Situated in an ideal location, you will be just a short walk from restaurants, parks, trails, the marina, and LCBO, and a quick drive to Port Hope, Cobourg Beach, and Peterborough, with easy access to Highways 401, 115, and 407. A short drive to Kawartha Downs Casino and Racetrack, Peterborough Casino, Costco, Walmart, and more. *** Hospital and clinics are just 17 minutes away, with easy access to Highway 48. Outdoor enthusiasts will enjoy snowmobiling and ice fishing on the frozen Rice Lake during the winter months, and the picturesque Northumberland Forest is just nearby. This property truly offers endless opportunities. Whether you are seeking a retreat, rental investment, or development opportunity, it is an exceptional find.
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Marina, Park, School, Waterfront, Clear View
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5026 Rice Lake Drive, Hamilton Township, ON K0L 1E0
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 Hamilton Township, ON
For a property listed at $2,698,888 in Hamilton Township, the legal minimum down payment is $539,778 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 $53,947 for this transaction. As this listing is in Hamilton Township (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $53,947.
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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.