336 Cedar Bank Road, 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 aluminum siding construction, this residence presents an exceptional opportunity offered at $624,900 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 1100-1500 sqft on a premium 89.39 x 275.74 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Water Heater Owned
- equipped with wall unit(s) central cooling and highly efficient other heating via propane
Description
Charming year-round riverside retreat on the shores of the Otonabee River, just minutes south of Peterborough. Nestled on a picturesque lot of over half an acre with 111 feet of waterfront; this property offers great views, peaceful surroundings, and the perfect escape from everyday life. Enjoy the summer , just bring your clothes as the property is being offered fully furnished for added convenience. A very welcoming home featuring a full wall of south/west facing windows. Additional features include a drilled well, durable metal roof, workshop space, two storage sheds, propane fireplace, and a heat pump to keep you cool during the summer heat. Whether you're looking for a weekend getaway or a full-time residence, this property offers an exceptional blend of comfort, convenience, and affordable waterfront living.
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Pricing & Value Insights
Data-driven valuation for 336 Cedar Bank Road, Otonabee-South Monaghan, ON K9J 6Y3
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About Purchasing a Home in Otonabee-South Monaghan, ON
For a property listed at $624,900 in Otonabee-South Monaghan, the legal minimum down payment is $37,490 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 $8,973 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 $8,973.
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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.