2903 CEDAR VALLEY Road, Rideau Lakes, ON

$359,900
MLS#:X11190068
3 beds
1 baths
1100-1500 sqft
11.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 19, 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 other and vinyl siding construction, this residence presents an exceptional opportunity offered at $359,900 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.

  • 3 Bedrooms and 1 Bathroom
  • Generous living space spanning 1100-1500 sqft on a premium 90.79 x 218.42 ft lot
  • Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 11.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater Owned
  • Efficient forced air heating via propane

Description

Check out this charming bungalow in the quaint town of Portland. Set on half an acre, this private property features a huge triple-bay insulated garage with a built-in cooler room, perfect for storage or hobbies. The home offers 3 bedrooms on the main level and a 4-piece bathroom, while the living room includes a rough-in for a cozy fireplace. The farm-style kitchen opens onto a large deck, ideal for entertaining or relaxing outdoors. A covered porch/sunroom offers a great space to unwind. The unfinished basement provides ample storage space, includes a utility room, and can be customized to your liking. Outside, the large gravel driveway offers parking for multiple vehicles. Located just minutes from Portland Marina and public docks, you'll enjoy easy access to Big Rideau Lake, part of the picturesque Rideau Canal system, perfect for boating and water activities. This home has plenty of space for all your needs and has lots of potential!

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Property Summary

This detached home located at 2903 CEDAR VALLEY Road, Rideau Lakes is currently for sale and has been available on SousaSells for 599 days. This property is listed at $359,900 with an estimated mortgage of $1,198* per month. It has 3 beds, 1 bathroom, and is 1100-1500 square feet. 2903 CEDAR VALLEY Road, 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
3
Bathrooms
1
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 19, 2024
Sold price information is available to members only
Listed Date11/27/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionOther, Vinyl Siding
BasementUnfinished, Full
Lot Size90.79 × 218.42 Acres
CountyLeeds and Grenville
Annual Tax$1,880.45
Legal DescriptionPT LT 17 CON 2 BASTARD AS IN LR302003; RIDEAU LAKES

Parking & Garage

Parking Total11.0
Parking Space8
Garage TypeDetached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingNone

Features

Property Features

Golf, Hospital

Interior Features

Water Heater Owned

Security Features

Community Features

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Location

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2903 CEDAR VALLEY Road, 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 2903 CEDAR VALLEY Road, 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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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$107,970 (30.0%)
* Minimum Canadian down payment required for this price is $17,995.
Amortization Period30 Years
Estimated Monthly Payment$1,198Based on a loan of $251,930 over 30 years.
Purchase Price$359,900
Loan Amount$251,930
Provincial Land Transfer Tax:$3,874
Total Estimated Closing Taxes:$3,874

About Purchasing a Home in Rideau Lakes, ON

For a property listed at $359,900 in Rideau Lakes, the legal minimum down payment is $17,995 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 $3,874 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 $3,874.

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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.