5554 Rice Lake Scenic Drive, Hamilton Township, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Hamilton. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,280,000 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.
- 4 Bedrooms and 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 104 x 507 ft lot
- Features a finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Central Vacuum
- equipped with central air central cooling and highly efficient forced air heating via electric
Description
Beautiful premium 1.17 acres lot on south shore of popular Rice Lake. Beautiful sunset views! Engineer wood floor throughout. Bright living room overlooking the back yard and direct lake view! Fireplace! Hugh deck along the back side of the house overlooking unobstructed lake view. 3 entrances from house to this hugh deck. Central vac, central air, aluminium roofing, above ground pool (require some fixing). Double car garage. Long wide driveway can easily park 8 cars! Lovely water front living!!!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5554 Rice Lake Scenic Drive, Hamilton Township, ON K0K 2E0
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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 $1,280,000 in Hamilton Township, the legal minimum down payment is $256,000 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 $22,075 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 $22,075.
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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.