51A THOMPSON Lane, Rideau Lakes, ON

$174,900
MLS#:X9406781
1 beds
0 baths
< 700 sqft
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 4, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Other detached located in the coveted neighborhood of 826 - Rideau Lakes (Newboro) Twp. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $174,900 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.

  • 1 Bedroom and 0 Bathrooms
  • Generous living space spanning < 700 sqft
  • 2.0 total parking spaces available with a convenient outside/surface configuration
  • Notable attributes: Ventilation System
  • Efficient heating via electric

Description

Let me introduce you to your very own, little slice of heaven! Located just outside of the village of Newboro, you'll find this cozy cottage that's been lovingly maintained by the same family who built it in the 60's. So many memories have been made here over the years, you can even read them on the wood beams inside- it will truly make you smile! Now's your opportunity to make your own memories with bonfires, hiking, foraging, kayaking down the canal, watching the boats at the locks, fishing, swimming and more! It may be small, but this one bedroom cottage is mighty! Full kitchen with running water, fridge and stove, 60amp electrical service, that you can unhook the stove from and hook your RV up outside (water too) if you want more space or have guests visiting you. Small electric fireplace, TV with Satellite (Internet Available) phone line, steel roof, shared well, outhouse- surrounded by crown land, it's got everything you need for a rustic, yet cozy getaway, anytime of the year! Barn exhaust fan installed that keeps air flow great, especially during those really hot summer nights! The road is maintained year round, so you can enjoy it just as much in winter as you will in the summer! Check out the secret, whimsical path, less than a 5 minute walk from the cottage, where you can take your kayak with you and be paddling around in now time. Launch your boat in the harbour that's just around the corner and take the canal all the way to Ottawa through the Rideau Canal Lock System. The Newboro lock station is very unique, as it's located at the south end of a narrow isthmus that separates Upper Rideau Lake and Newboro Lake. Just over an hour from Ottawa, 3 hours from Toronto and 40 minutes to Kingston, this cottage is a fantastic location for getting away from that hectic city life. Less than 10 minutes to Westport or Elgin, you can find restaurants, shopping, groceries and more!

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Property Summary

This detached home located at 51A THOMPSON Lane, Rideau Lakes is currently for sale and has been available on SousaSells for 691 days. This property is listed at $174,900 with an estimated mortgage of $582* per month. It has 1 bed, 0 bathrooms, and is < 700 square feet. 51A THOMPSON Lane, Rideau Lakes is in the 826 - Rideau Lakes (Newboro) Twp neighborhood.

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

Key Features

Bedrooms
1
00
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date8/27/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleOther
ConstructionWood
BasementNone
CountyLeeds and Grenville
Annual Tax$700
Legal DescriptionPT ORDNANCE LAND PL 72 AKA LT 26, 27 CON 5 SOUTH CROSBY AS IN LR281645; EXCEPT THE EASEMENT THEREIN; RIDEAU LAKES

Parking & Garage

Parking Total2.0
Parking Space2
Garage TypeOutside/Surface

Heating & Cooling

Heat SourceElectric
CoolingNone

Features

Property Features

Interior Features

Ventilation System

Security Features

Community Features

Location

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51A THOMPSON Lane, 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 51A THOMPSON Lane, Rideau Lakes, ON K0G 1P0

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$52,470 (30.0%)
* Minimum Canadian down payment required for this price is $8,745.
Amortization Period30 Years
Estimated Monthly Payment$582Based on a loan of $122,430 over 30 years.
Purchase Price$174,900
Loan Amount$122,430
Provincial Land Transfer Tax:$1,474
Total Estimated Closing Taxes:$1,474

About Purchasing a Home in Rideau Lakes, ON

For a property listed at $174,900 in Rideau Lakes, the legal minimum down payment is $8,745 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 $1,474 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 $1,474.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 826 - Rideau Lakes (Newboro) Twp, Rideau Lakes.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$452,483

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.