Welcome to this remarkable Bungalow-Raised 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 $1,050,000 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.
Set on the sought-after shores of Rice Lake, this well-maintained four-season home or cottage offers an exceptional waterfront lifestyle just 15 minutes from Peterborough. Tucked away on a quiet dead-end street, it's the perfect setting for both relaxation and year-round living. Built in 2011, the home is designed to showcase its stunning surroundings, with soaring cathedral ceilings and expansive windows that frame gorgeous, unobstructed lake views. The bright, open-concept living space walks out to a spacious deck-ideal for entertaining or simply soaking in the scenery. With 4 bedrooms plus a versatile den that easily converts to a 5th bedroom, there's plenty of room for family and guests. A recent pre-inspection confirms the home's major systems are in great shape, offering added confidence for buyers. Offered turnkey with most furnishings and water toys included, this property is ready to enjoy from day one. With just a few cosmetic updates, you can easily tailor the space to your personal style while adding value. A rare opportunity to own a move-in ready waterfront retreat in a peaceful, sought-after location.
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Cul de Sac/Dead End, Lake/Pond, Waterfront, Clear View
ERV/HRV, In-Law Capability, Primary Bedroom - Main Floor, Propane Tank, Water Heater Owned, Water Treatment
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 595 Foley Road, Otonabee-South Monaghan, ON K0L 2G0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Otonabee-South Monaghan.
About Purchasing a Home in Otonabee-South Monaghan, ON
For a property listed at $1,050,000 in Otonabee-South Monaghan, the legal minimum down payment is $210,000 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 $17,475 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 $17,475.
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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.