7 Simcoe Street, Rideau Lakes, ON
Property no longer active
This property was sold on November 14, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of 826 - Rideau Lakes (Newboro) Twp. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $339,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 80 x 102 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Carpet Free, Water Heater Owned
- equipped with wall unit(s) central cooling and highly efficient forced air heating via propane
Description
Explore all that the beautiful Rideau Canal Village of Newboro has to offer. The waterfront community of Newboro, located in the heart of the Rideau Lakes Region is a vibrant community ideal for recreational seekers. New pickle ball courts, basketball courts, ball field and children's playground are just two blocks away as are hiking opportunities, library and dining at Stirling Lodge, an historically pleasing inn near the shores of the Rideau Canal on Newboro Lake. Shop the famous Kilborn's for clothing, footwear and unique furniture and gifts only found locally. The public boat launch and Community Hall are all minutes away. This very well maintained 2 bedroom home will tantalize downsizers and first time buyers alike. With a managable sized level and private lot nestled away on a quiet residential street, you will feel right at home. Newer windows throughout, updated 100 amp electrical panel, propane forced air furnace is complemented by a brand new mini split heat pump offering ice cold air in the summer and economical heating all winter! Cozy up in the spacious living room/dining room with plenty of natural lighting. Large kitchen with breakfast bar, laundry on the main floor is handy for people on the go. Upstairs are two private bedrooms plus small study area. Beautiful yard with greenspace and deck for barbecueing and entertaining. This well maintained home is perfect for starting out or winding down - flexible possession on this freshly painted home means you can spend Christmas in this cozy home!
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Property Summary
This detached home located at 7 Simcoe Street, Rideau Lakes is currently for sale and has been available on SousaSells for 285 days. This property is listed at $339,000 with an estimated mortgage of $1,128* per month. It has 2 beds, 1 bathroom, and is 1100-1500 square feet. 7 Simcoe 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.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Golf, Library, Lake/Pond, Marina, Rec./Commun.Centre
Interior Features
Carpet Free, Water Heater Owned
Security Features
Community Features
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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 7 Simcoe Street, Rideau Lakes, ON K0G 1P0
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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 $339,000 in Rideau Lakes, the legal minimum down payment is $16,950 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 $3,560 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 $3,560.
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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.