42 Penny Lane, Rideau Lakes, ON
Property no longer active
This property was sold on November 6, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungaloft detached located in the coveted neighborhood of 816 - Rideau Lakes (North Crosby) Twp. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $1,900,000 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.
- 6 Bedrooms and 3 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 350 x 714.7 ft lot
- Features a unfinished, crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 23.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Heater Owned, Water Softener, Built-In Oven
- equipped with central air central cooling and highly efficient forced air heating via propane
Description
Welcome to an extraordinary waterfront estate nestled on Upper Rideau Lake on the historic Rideau Canal System. Set on 4.17 acres of pristine forest, open meadow, and professionally landscaped grounds, this rare offering features over 350ft of private, natural shoreline with deep, crystal-clear water; perfect for swimming, diving, and dockside relaxation, with depths of over 12ft at the end of the dock. Take in sweeping panoramic views across the main channel toward the village of Westport, with no neighbours visible from the home or dock; offering complete peace and privacy. Coveted western exposure delivers spectacular sunsets, best enjoyed from the expansive covered deck or while relaxing by the water's edge. Off the covered deck, a fantastic three-season room provides a cozy, protected space to enjoy the sights and sounds of nature, rain or shine. The main home and private guest suites together offer 6 spacious bedrooms and 3 full bathrooms, ideal for hosting extended family, guests, or accommodating multigenerational living. The open-concept layout of the main residence features over 1,700sf of beautifully appointed main-floor living space. The chefs kitchen is designed for entertaining, with granite countertops, ample cabinetry, a gas cooktop, and a charming breakfast nook. The primary suite is a serene retreat with a renovated 3pc ensuite and custom closet cabinetry. The lakeview bunkie above the garage adds 900sf of additional space, complete with two bedrooms, ample room for guests, and a private deck with breathtaking views of the lake. Enjoy making your own maple syrup and creating unforgettable family memories in your very own charming sugar shack.Enjoy the bonus features that include a detached 3-car garage (2 bays insulated and heated), wood storage, studio, lush gardens, and walking trails. Just a quick boat ride to Westport; enjoy boutique shopping, restaurants, cozy cafés, and a vibrant live music scene. This is waterfront living at its finest!
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Property Summary
This detached home located at 42 Penny Lane, Rideau Lakes is currently for sale and has been available on SousaSells for 390 days. This property is listed at $1,900,000 with an estimated mortgage of $6,324* per month. It has 6 beds, 3 bathrooms, and is 2000-2500 square feet. 42 Penny Lane, Rideau Lakes is in the 816 - Rideau Lakes (North Crosby) Twp neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Water Heater Owned, Water Softener, Built-In Oven, Carpet Free, Primary Bedroom - Main Floor, Water Heater
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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 42 Penny Lane, Rideau Lakes, ON K0G 1V0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Rideau Lakes, ON
For a property listed at $1,900,000 in Rideau Lakes, the legal minimum down payment is $380,000 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 $34,475 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 $34,475.
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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.