669 North Shore Drive East, Otonabee-South Monaghan, Ontario, L0B1E0




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$499,000
Otonabee-South Monaghan
This 2-bedroom, 1-bathroom home in Otonabee-South Monaghan is for sale offering roughly 900 sq ft of space. Listed at $499,000, it is attractively priced about 11% below the $559,000 median asking price in Otonabee-South Monaghan.
Located on the scenic shores of Rice Lake. The property offers an incredible opportunity to create your dream waterfront retreat. With approx 75 feet of pristine south-facing waterfront, and part of the renowned Trent-Severn Waterway, this lot provides ideal conditions for fishing, boating, and enjoying the stunning natural beauty of the area.There is an existing cottage however the lot is being sold as land value only.Take advantage of the spacious lot for your possible dream home. Many cottages in the area are being upgraded into luxurious homes, making this the ideal time to invest. The property next door is for sale at 671 North Shore and is also another approx 75 foot lot.The property is in a prime location with easy access to all amenities and is just a short drive from Peterborough, Durham Region, andToronto. The famous butter tarts at the local Bakery are a local treat, and golf enthusiasts will love the proximity to nearby courses.Whether you're looking for a weekend getaway or a full-time residence, this is a rare opportunity to own a piece of Rice Lake waterfront, where you can enjoy serene views, great fishing, and endless boating possibilities. Don't miss your chance to own one or both of these exceptional properties, ideal for building your perfect lakeside retreat! Cottage is not available to view. Being sold as land value. Property being sold as is where is with no warranties. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 180 days on market, against an average age of 97 days across the listings currently for sale in this city
This 2-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 $499,000, about 4.5× the local median household income of $111,000.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA L0B)
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Loading rates, 30-yr amortization
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