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$2,290,000
Hamilton Township
5026 Rice Lake Dr Drive North, Hamilton Township (Bewdley), Ontario, L1A3V6
This 16-bedroom, 12-bathroom home in Hamilton Township is for sale.
A rare opportunity featuring 12 detached cottages on beautiful Rice Lake, offering waterfront and peaceful lake views and amazing sunrises and sunsets. The property includes four 2- bedroom cottages and eight 1- bedroom cottages, each with its own kitchen and private washroom. Several cottages have newer roofs. Enjoy Riparian Rights with a private dock installed and removed seasonally. Enjoy some amazing fishing and water activities. This versatile property offers excellent potential for future redevelopment, with professional concept plans available for review. Conveniently located near restaurants, parks, trails, the marina, LCBO, and just a short drive to Port Hope, Cobourg, Peterborough, and major highways. Ideal for investors, recreational use, or long-term visionaries looking for a unique waterfront opportunity. Close enough for an easy escape, only 90 minutes from Toronto, yet far enough to enjoy true lakeside serenity. A short drive to Peterborough Casino and Kawartha Downs Casino with racetrack, and conveniently close to Costco, Walmart, and the local hospital. During the winter months, enjoy a variety of seasonal activities right on beautiful frozen Rice Lake. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 130 days on market, against an average age of 80 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 37 days on the market over the past year, against a median of 48 days across the markets we publish.
This 16-bed single family in Hamilton Township (Bewdley) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,290,000, about 26.6× the local median household income of $86,000.
Carrying it typically needs a household income of about $447,317 (20% down, 25-yr amortization, stress-tested) — roughly 420% above the area median.
Source: Statistics Canada, 2021 Census (FSA L1A)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice