551 County Road 2 N/A, Otonabee-South Monaghan, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey rural residential located in the coveted neighborhood of Otonabee-South Monaghan. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $649,000 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
- Generous living space spanning < 700 sqft on a premium 186.51 x 300 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor, Propane Tank, Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via propane
Description
Charming and beautifully updated country home nestled on a flat 1.24-acre rural lot, offering scenic views of Rice Lake in the distance and the perfect blend of modern living and peaceful countryside charm. This move-in ready 1.5-storey property features a highly functional layout, including a convenient main floor primary bedroom and a full 4-piece bathroom, complemented by a bright, spacious eat-in kitchen. The upper level hosts two additional bedrooms and a second shared 4-piece bathroom. The lower level expands your living space with a welcoming family room and offers effortless outdoor transition, featuring easy access via a short half-flight of stairs out to a serene patio complete with a relaxing water feature. Outside, the expansive property highlights a sizeable barn with a metal roof alongside a separate storage building-ideal for hobbies, extra vehicles, or a workshop. Located just minutes from the popular Rolling Grape Vineyard and a short, convenient drive into the city of Peterborough, this property is perfectly suited for families or those seeking an idyllic rural lifestyle. Also worthy of note is the agricultural zoning of this lot, which leads to more potential uses.
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Key Features
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Interior Features
Primary Bedroom - Main Floor, Propane Tank, Sump Pump, Water Heater Owned, Water Treatment
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 551 County Road 2 N/A, 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 $649,000 in Otonabee-South Monaghan, the legal minimum down payment is $39,900 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 $9,455 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 $9,455.
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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.