$679,000

For sale

109 Rideau Street South, Drummond/North Elmsley - Single Family for Sale

109 Rideau Street South, Drummond/North Elmsley, Ontario, K7H3C7

3 beds1 bath4 parking350 ft²51 × 206 ft (10,423 sq ft) lot sizeListed 25 days ago

Overview

This 3-bedroom, 1-bathroom home in Drummond/North Elmsley is for sale offering roughly 350 sq ft of space. Its $679,000 asking price sits right in line with the $699,000 median in Drummond/North Elmsley. It has been on the market 25 days, fresher than the Drummond/North Elmsley average of 108 days.

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Description

Year-Round Waterfront Paradise! Experience the Magic of the Rideau - A UNESCO World Heritage Treasure. Escape to the serene shores of Lower Rideau Lake with this impeccably maintained, four-season family home. Whether you are seeking a tranquil retirement retreat, a year-round family residence, or a premium vacation getaway, this property offers the perfect blend of rustic charm and modern convenience. Completely winterized with glycol radiant baseboard heat powered by the electric hot water tank with a propane fireplace as an auxillary heat source to keep you cozy through the Ontario winters. Inside you will find pine ceilings and laminate flooring throughout. A massive porch overlooks "Prime Waterfront," offering the perfect vantage point for morning coffees or sunset dinners. Step onto your 40-foot dock and access one of the world's most storied waterways. Imagine swimming on a hot summer day right off your dock. Lower Rideau Lake is a boater's and angler's dream, known for its incredible bass and pike fishing. You are perfectly positioned:10 Minutes to the shops and services of both Smiths Falls and Perth (accessible by car or boat!). Under 1 hour to Ottawa and Kingston for world-class dining and urban amenities.Outdoor Adventure right at your doorstep, enjoy hiking, cross-country skiing, snowshoeing, and snowmobiling. From your shoreline, you can explore countless hidden coves or navigate the entire Rideau System - from the historic locks of Kingston to the bustling downtown of Ottawa. Includes a wooden shed for tools, and a portable garage for winter vehicle or boat storage. Equipped with a reliable septic system and well. Road fees are $350 per year. Serviced by hydro (200 amp service) and high speed internet service available. 109 Rideau Street is a peaceful retreat for anyone who loves waterfront and a peaceful tranquility. With a long list of inclusions and undeniable charm, this is one property you won't want to miss. (id:66096)

Property Details

MLS®: X13886146
Property Type: Single Family
Zoning: N/A
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 350 ft²
Lot Size: 51 × 206 ft (10,423 sq ft)
Frontage: 51 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Baseboard heaters, Radiant heat, Electric, Propane
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Bedroom: 2.11 x 2.89 meters
Bedroom 2: 2.7 x 2.89 meters
Bedroom 3: 2.7 x 3.58 meters
Living room: 3.48 x 4.54 meters
Dining room: 2.59 x 4.5 meters
Kitchen: 3.59 x 3.85 meters
Bathroom: 1.31 x 2.27 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove, Window Coverings, Water Heater
Foundation: Poured Concrete, Wood/Piers
Lot Features: Cul-de-sac, Flat site, Dry

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity, Telephone, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

25d

Drummond/North Elmsley listings, avg age

108d

Price / ft²

$1,943

List price

$679K

Homes here sell slower than most markets

Sold homes in this market spent an average of 64 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Drummond/North Elmsley has been listed for 25 days, which is 83 days fresher than the city average of 108. Act while there is still low competition.

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Listed by ROYAL LEPAGE INTEGRITY REALTY · Tracy McHale

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7H)

This home lists at $679,000, about 8.3× the local median household income of $82,000.

Carrying it typically needs a household income of about $132,632 (20% down, 25-yr amortization, stress-tested) — roughly 62% above the area median.

Median household income: $82,000
Population: 16,175
Median age: 55.6
Owner / renter: 76% / 24%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K7H)

$679,000· $1,943/ft²

For sale

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Full Cost Breakdown

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Down Payment6.32% · $42,900

Min 6.32%50%

Mortgage payment$3,527/mo

↳ CMHC premium ($25,444 capitalized)

Property tax (est.)$199/mo

Total monthly$3,726

Cash Needed to Close

Down payment (6.32%)$42,900

Land transfer tax$10,055

Est. closing costs$4,537

Total cash needed$57,492

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