55 Poonamalie Road, 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Property no longer active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 Bungalow detached located in the coveted neighborhood of 820 - Rideau Lakes (South Elmsley) Twp. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $529,900 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 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 102 x 150 ft lot
- Features a full, partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free, Primary Bedroom - Main Floor, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via propane
Description
Welcome to this charming bungalow offering the perfect blend of peaceful country living and close-to-town convenience. Ideally located just 5 minutes from all the amenities of town, this home is nestled in a quiet, family-friendly neighbourhood surrounded by nature and outdoor recreation. Just a short walk away, enjoy scenic walking trails, a public boat launch to Lower/Big Rideau Lake, and the beautiful Poonamalie Lock part of the UNESCO World Heritage Rideau Canal. This well-maintained 3-bedroom home features a bright and functional main floor layout, ideal for both family living and entertaining. The lower level offers additional space with a cozy den, a convenient 2-piece bath, abundant storage, and a recently updated family room perfect for movie nights or kids play space. Step outside to your private backyard retreat, complete with an oversized deck (2022) ideal for summer BBQs and lounging under the stars. A spacious 16 x 24 shed (2022), fully powered, offers endless possibilities whether you're looking for a workshop, hobby space, or extra storage. The attached garage is outfitted with multiple power outlets, making it an excellent setup for a home-based shop or simply a great place to keep your vehicle protected. Recent upgrades include a new picture window in the living room (2024), new front and rear exterior doors (2025), hot water tank (2024), and a modern water treatment system (2024)providing peace of mind and long-term value. With quiet roads perfect for dog walking and safe bike rides, and with nature and water access at your doorstep, this is a rare opportunity to enjoy the best of both worlds: the tranquility of the countryside with the convenience of town just minutes away. Don't miss your chance to call this special property home.
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Property Summary
This detached home located at 55 Poonamalie Road, Rideau Lakes is currently for sale and has been available on SousaSells for 381 days. This property is listed at $529,900 with an estimated mortgage of $1,764* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 55 Poonamalie Road, Rideau Lakes is in the 820 - Rideau Lakes (South Elmsley) Twp neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Property Details
Parking & Garage
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Features
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Interior Features
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 55 Poonamalie Road, Rideau Lakes, ON K7A 5B8
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 $529,900 in Rideau Lakes, the legal minimum down payment is $27,990 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 $7,073 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 $7,073.
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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.