28 COLBORNE Street, Rideau Lakes, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of 818 - Rideau Lakes (Bastard) Twp. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $649,900 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 113.64 x 209.2 ft lot size
- equipped with yes central cooling and highly efficient oil forced air heating
Description
In popular tourist destination of Portland Village on the shores of Big Rideau Lake, large grocery store with 10,500 sq ft and exposure on three roads. The store has high visibility and signage on busy Hwy 15 that is major traffic route. Of the store's 10,500 sq ft, approx 4,500 sq ft is the grocery section. Plus, you also have deli, bakery, offices, loading dock and basement storage areas. Fully equipped with all that you need to operate a one-stop shop including expansive prep areas and lotto sales. Equipment included. Opportunity to improve profits with modernizing and increasing sales of local crafts, specialties and gourmet items. Electrical panels 1000 amps. Plenty of street parking available. Zoning is Local Commercial which permits many uses. The store is located on half an acre, room to grow your own produce. A gem with immense business potential, especially since nearest grocery store competitor is 15 min drive away. And, busy area with visitors coming to town to enjoy Big Rideau Lake attractions such as swimming beaches, boat launches, houseboat rentals.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 28 COLBORNE Street, Rideau Lakes, ON K0G 1V0
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About Purchasing a Home in Rideau Lakes, ON
For a property listed at $649,900 in Rideau Lakes, the legal minimum down payment is $39,990 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 $9,473 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 $9,473.
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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.