18 COLBORNE Street, Rideau Lakes, ON

$399,000
MLS#:X9440698
2 beds
1 baths
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 6, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 818 - Rideau Lakes (Bastard) Twp. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $399,000 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 1 Bathroom
  • Premium 59.99 x 221.68 ft lot size
  • Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient public configuration
  • equipped with central air central cooling and highly efficient forced air heating via wood

Description

Cozy and inviting bungalow in the heart of Portland on Big Rideau Lake. A true home owners delight, walk in and enjoy a clean well appointed home with many upgrades and updates to home and equipment. An open concept kitchen, living and dining room with heated sunroom and main floor laundry. Upgrades include 2019 Propane HIGH efficiency forced air furnace, P38 rental tank, BBQ Accessory line equipped, 2019 roof, 2019 sill plate spray foam insulation in basement foundation, spray foam insulation crawl space walls, 2019 repainted all trim and walls, all rooms, 2019 bathroom retrofitted, bath fitter tub and shower, vanity, flooring , pocket door, 2020 Culligan water softener (owned), 2022 complete exterior retrofitted spray foam insulation, new OSB, new vinyl siding, new aluminum soffits and fascia, 2022 new complete eaves troughing with gutter guards, 2022 13 new Northstar Energuide rated windows 3 Energuide exterior doors, 2022 deck extension, 2022 A/C, 2023 Ashley wood stove and more..., Flooring: Laminate

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Property Summary

This detached home located at 18 COLBORNE Street, Rideau Lakes is currently for sale and has been available on SousaSells for 779 days. This property is listed at $399,000 with an estimated mortgage of $1,328* per month. It has 2 beds, 1 bathroom, and is unknown square feet. 18 COLBORNE Street, Rideau Lakes is in the 818 - Rideau Lakes (Bastard) Twp neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 20, 2024
Sold price information is available to members only
Listed Date5/31/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementPartial Basement, Unfinished
Lot Size59.99 × 221.68
CountyLeeds and Grenville
Annual Tax$1,100
Legal DescriptionPT ST. MARYS ST PL 27; PT 1 28R4230 (CLOSED BY LR142056); PT MCMANNUS BLK PL 27 AS IN LR167016; RIDEAU LAKES

Parking & Garage

Parking Total4.0
Garage TypePublic

Heating & Cooling

Heat SourceWood
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Major Highway

Interior Features

Security Features

Community Features

Location

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18 COLBORNE Street, Rideau Lakes, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 18 COLBORNE Street, Rideau Lakes, ON K0G 1V0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Rideau Lakes.

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Interest Rate4.00%
Down Payment$119,700 (30.0%)
* Minimum Canadian down payment required for this price is $19,950.
Amortization Period30 Years
Estimated Monthly Payment$1,328Based on a loan of $279,300 over 30 years.
Purchase Price$399,000
Loan Amount$279,300
Provincial Land Transfer Tax:$4,460
Total Estimated Closing Taxes:$4,460

About Purchasing a Home in Rideau Lakes, ON

For a property listed at $399,000 in Rideau Lakes, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 818 - Rideau Lakes (Bastard) Twp, Rideau Lakes.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$547,011

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.