119 Knapp Street, Rideau Lakes, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 817 - Rideau Lakes (South Crosby) Twp. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $454,000 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.
- 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 200.02 x 420.02 ft lot
- 7.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: None
- Efficient heat pump heating via electric
Description
119 Knapp Street offers a versatile 2.85-acre property with two self-contained living spaces, flexible outbuildings, and a peaceful setting in the village of Elgin. The main-level in-law suite (approx. 900 sq ft) features two bedrooms, a full kitchen, living/dining area, and a 4-pcbath.The upper level has recently undergone extensive upgrades, featuring a bright open living/dining area, new kitchen, pantry, den, 4-pc bath, and two bedrooms including a spacious primary with walk-in closet and 3-pc ensuite. A large attached building, currently set up with stalls, tack area, and storage which can be used for animals or converted back to a garage / workshop. Recent improvements include two heat pumps, an upgraded water system, and new fencing. Located minutes from the Rideau Lakes and the historic Rideau System, the property offers quiet rural living with access to parks, marinas, and everyday amenities, while remaining within easy reach of Westport, Perth, Smiths Falls, Brockville, Kingston, and Ottawa.
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Pricing & Value Insights
Data-driven valuation for 119 Knapp Street, Rideau Lakes, ON K0G 1E0
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About Purchasing a Home in Rideau Lakes, ON
For a property listed at $454,000 in Rideau Lakes, the legal minimum down payment is $22,700 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 $5,555 for this transaction. As this listing is in Rideau Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,555.
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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.