441 Hannah Road, Otonabee-South Monaghan, ON
Property Highlights
Welcome to this remarkable 1 Storey/Apt 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 $699,000 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 56 x 107 ft lot
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Carpet Free, Primary Bedroom - Main Floor, Air Exchanger
- equipped with central air central cooling and highly efficient heat pump heating via electric
Description
* Income Generating Opportunity * Two 4 Season Cottages * 140+ Feet of Waterfront * 1/4 Acre Lot* Welcome to your perfect lakeside getaway! Nestled along the West shores of Rice Lake, this unique property features two fully-equipped, energy efficient, year round houses. Ideal for extended family living, rental income or a private escape with room for guests. The first home is built in 2024 with ICF construction, metal roof, Mitsubishi H2i heat pump & rockwool soundproof insulation. Featuring an open concept kitchen & living area with vaulted ceilings, 2 bedrooms, a 3pc bath and an expansive deck overlooking the water. The 2nd Home has been recently renovated featuring an open concept kitchen & living area, cozy wood stove, 3pc bath, 1 bedroom and a walkout to a private deck overlooking the water. Both homes are heated and cooled with modern heat pumps and share an Artesian Well with ample water supply. High Speed fibre optic internet. Year round municipal road. These homes are well insulated and offer inexpensive utility costs. Set back on a spacious lot with a southern exposed waterfront view, each cottage offers its own charm and privacy, while sharing access to a private dock, swimming area, and stunning sunsets over the water. Enjoy boating, fishing, or simply relaxing on the deck. Whether you're looking for a family compound, a smart investment, or a peaceful retreat, this rare offering on Rice Lake presents endless possibilities. There is potential to sever back into 2 properties as was recently merged into one lot. Survey & floorplans on file. 441 & 449 Hannah Road.
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Interior Features
Carpet Free, Primary Bedroom - Main Floor, Air Exchanger, Water Purifier, Water Heater, Water Treatment
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 441 Hannah Road N, 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 $699,000 in Otonabee-South Monaghan, the legal minimum down payment is $44,900 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 $10,455 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 $10,455.
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