1106 Island View Dr. Drive, Otonabee-South Monaghan, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Otonabee-South Monaghan. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $475,000 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning < 700 sqft on a premium 80 x 187 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Propane Tank, Water Heater Owned
- Efficient baseboard heating via electric
Description
Welcome to your perfect lakeside escape-an inviting and beautifully maintained 3-bedroom, 1-bathroom cottage set in a scenic community just steps from Rice Lake. With deeded water access directly across the street, this sun-filled, south-facing retreat offers stunning views and an effortless blend of comfort and charm. Inside, you'll discover a bright, open-concept living and dining space, highlighted by large windows that flood the home with natural light. At the heart of the cottage is a cozy, updated kitchen, perfect for entertaining and creating lasting memories with family and friends. This turnkey property comes fully furnished and is ready for immediate enjoyment. Whether you're looking for a year-round residence or a seasonal getaway, this cottage is designed to be enjoyed in every season. Step outside to a generous outdoor space ideal for relaxing, entertaining, or enjoying lakeside living at its best. Take a short stroll to the nearby marina or enjoy dining at the local lakeside restaurant; everything you need is just moments away. Perfect as a personal retreat or a savvy investment, this property offers excellent short and long-term rental potential. Whether you're searching for a weekend escape or a family cottage, this charming lakeside gem truly has everything you need to inspire your dreams.
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Propane Tank, Water Heater Owned
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1106 Island View Dr. Drive, Otonabee-South Monaghan, ON K0L 1B0
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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 $475,000 in Otonabee-South Monaghan, the legal minimum down payment is $23,750 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 $5,975 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 $5,975.
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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.