689 North Shore 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 $695,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 75 x 211 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: Primary Bedroom - Main Floor, Propane Tank
- equipped with central air central cooling and highly efficient forced air heating via propane
Description
Welcome to 689 North Shore Drive East on beautiful Rice Lake. Located at the end of a private road in a quiet waterfront community, this year round home offers stunning panoramic lake views to be enjoyed every day of the year. The open-concept interior is bright and spacious. Large living room and kitchen areas that's great for hosting family & friends. Primary bedroom has a walk-in closet and 2 pc ensuite. A 2nd bedroom with a connecting den/office or bonus room. 3 pc main bath with laundry and there is plenty storage in this home! The large deck provides the perfect setting for outdoor dining, relaxing, and entertaining, with space for lounge seating and a barbecue. Crawl space is heated. Generac for added peace of mind. Three outbuildings - including a boat house, storage shed, and woodworking shop - provide exceptional flexibility for hobbies, storage, and lake toys. Conveniently located approximately 25 minutes to Peterborough and about 60 minutes to Oshawa, this property offers the perfect balance of peaceful waterfront living and accessibility.
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Primary Bedroom - Main Floor, Propane Tank
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 689 North Shore Drive E, 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 $695,000 in Otonabee-South Monaghan, the legal minimum down payment is $44,500 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 $10,375 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 $10,375.
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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.