This property was sold on January 31, 2025. This listing is for reference purposes only. to view the sold price.
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 826 - Rideau Lakes (Newboro) Twp. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $710,000 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.
Located in the heart of Rideau Lakes, the J.T. Gallagher House was built circa 1885 and was constructed with detail of Gothic Revival style. It is a tall, majestic building that is striking in every way and from every direction. In 1916, the home was purchased by a doctor (Gallaghers son-in-law) and it housed his practice for many years. The doors to the patient rooms are still numbered today! This home is overflowing with character and charm with original woodwork and a distinctive ornate slate roof. The entrance of the home is impressive with a grand foyer complete with spiral staircase, chandeliers, and soaring ceilings. On this main level, the floor plan consists of an updated kitchen with attached pantry, a formal dining room, a stunning living room, sitting room, office, family room and a 2pc bathroom. There are two staircases leading to the second level where there are 4 bedrooms and 2 full bathrooms as well as another set of stairs that leads to a huge 3rd floor undeveloped loft. The grounds are fully landscaped and compliment the character of the home. The newly constructed interlocking stone driveway and walkways add to the curb appeal to the home along with the stout rod iron fence. There is a separate building beside the house that has been converted to a wood worker's dream shop with tall ceilings, bright lights and a storage loft in the front. This building has a ductless heat pump offering heat and air conditioning. This property is commercially zoned, which allows many different uses including running a small business at this location. The corner lot gives excellent exposure and an additional gravel driveway located off the side street. Newboro is a small community that is surrounded by lakes in a popular vacation area and is just minutes away from the Village of Westport or half an hour from the larger town of Smiths Falls. Unique and beautiful property!
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This detached home located at 7 Drummond Street, Rideau Lakes is currently for sale and has been available on SousaSells for 712 days. This property is listed at $710,000 with an estimated mortgage of $2,363* per month. It has 4 beds, 3 bathrooms, and is 2500-3000 square feet. 7 Drummond Street, 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.Bar Fridge, In-Law Capability, Water Heater Owned
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 7 Drummond Street, Rideau Lakes, ON K0G 1P0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Rideau Lakes.
About Purchasing a Home in Rideau Lakes, ON
For a property listed at $710,000 in Rideau Lakes, the legal minimum down payment is $46,000 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 $10,675 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 $10,675.
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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.