5248 King Road, Hamilton Township, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Rural Hamilton. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $395,000 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.
- 0 Bedrooms and 0 Bathrooms
- Generous living space spanning < 700 sqft on a premium 102.92 x 646.92 ft lot
- Notable attributes: None
Description
A rare opportunity to own approximately 7.7 acres of waterfront property on the beautiful south shore of Rice Lake in Gore's Landing. Offering approximately 100 feet (30.48 metres) of direct deeded waterfront, this private and predominantly treed parcel provides a peaceful natural setting with a cleared area near the shoreline, making it an ideal place to enjoy the outdoors and the beauty of waterfront living. Whether you're looking for a recreational retreat, a place to enjoy nature, or exploring future possibilities, this unique property offers exceptional privacy and a stunning lakeside setting. Buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, conservation authority requirements, and any intended future development. Located just a short drive from Cobourg and Highway 401, this property offers a unique blend of tranquillity and convenience, combining the serenity of country living with easy access to everyday amenities. The adjacent seasonal waterfront cottage is also available for purchase under a separate listing, offering a unique opportunity to own two neighbouring waterfront properties. Access is via a seasonal private road that is not municipally maintained during the winter.
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Property Details
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Features
Property Features
Wooded/Treed, Lake Access
Interior Features
None
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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 5248 King Road, Hamilton Township, ON K0K 2E0
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 $395,000 in Hamilton Township, the legal minimum down payment is $19,750 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 $4,400 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 $4,400.
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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.