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$399,900
Otonabee-South Monaghan
53 Long Island, Otonabee-South Monaghan, Ontario, K0L1B0
This 3-bedroom, 1-bathroom home in Otonabee-South Monaghan is for sale. Listed at $399,900, it is attractively priced about 28% below the $559,000 median asking price in Otonabee-South Monaghan.
What an opportunity to enter into the Cottage Lifestyle on Rice Lake! This 3 bedroom, 1 bath entry level island waterfront property offers move-in ready, low maintenance cottaging. Dock your boat on the newly installed dock and enjoy a cool beverage lakeside on the new sitting area. A freshly installed kitchen with fridge and stove (included in sale) is just waiting for its first family gathering. The living room/dining room is flooded with lots of natural light, from new windows and patio door, and allows for easy access to a large deck overlooking the water. Pine covered walls are found throughout the main areas of the cottage and the three spacious bedrooms. Maintenance is low with full insulation, new siding, soffits, fascia and eaves. A new steel roof on the front and 5-year-old shingles on the rear plus a new steel roof on the shed keeps ownership costs down. The fresh bathroom offers a new vanity and light fixture. A new subfloor and flooring keep the cottage nice and tidy and a new ductless heat pump and baseboards help to keep the cold at bay. A large rear yard provides plenty of space for the kids to play, veggie gardens or natural oasis away from city lights. Just a short 4 minute boat ride you can be lakeside relaxing in no time. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 118 days on market, against an average age of 98 days across the listings currently for sale in this city
This 3-bed single family in Otonabee-South Monaghan 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 $399,900, about 5.1× the local median household income of $79,000.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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Loading rates, 30-yr amortization
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