$429,000
Rideau Lakes
17 Colborne Street, Rideau Lakes, Ontario, K0G1V0
This 2-bedroom, 1-bathroom home in Rideau Lakes is for sale offering roughly 900 sq ft of space. Listed at $429,000, it is attractively priced about 34% below the $649,000 median asking price in Rideau Lakes. It has been on the market 63 days, fresher than the Rideau Lakes average of 130 days.
A great opportunity in the heart of Portland! This raised bungalow offers plenty of potential for first-time buyers, investors, downsizers or anyone looking to put their own personal touch on a home in one of the Rideau Lakes area's most charming communities. While the home is ready for some updating, the space and layout offer an excellent foundation to create something special. The main floor features two bedrooms, a 4-piece bathroom, kitchen, spacious laundry area and a generous living room. The screened-in porch provides a great space to relax or entertain and enjoy the peaceful village setting. The lower level offers two additional finished rooms, with one providing the flexibility to be used as an additional bedroom, home office, den or hobby space, depending on your needs. The basement also features a large utility area and a deep garage with convenient access from the rear street, providing plenty of room for storage, hobbies or a workshop. Beyond the property itself, Portland has so much to offer right at your fingertips. This quiet village is home to a brand-new library and community centre, a public beach, and all the everyday amenities you need including restaurants, pharmacy, LCBO, convenience store, bank and post office. Set along the shores of Big Rideau Lake, Portland is a wonderful place to enjoy the outdoors, with boating, fishing, swimming and plenty of opportunities to get out and enjoy the surrounding lakes and trails. With Smiths Falls only approximately 20 minutes away and Kingston approximately 45 minutes away, you can enjoy the best of both worlds, the convenience of larger urban centres within easy reach while coming home to the peaceful pace and charm of small-town living. Whether you're looking for your first home, an investment, a retirement property or simply a place to enjoy a quieter lifestyle, this property offers an opportunity to make it your own in a community that truly has something for everyone. Book your showing today! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 63 days on market, against an average age of 130 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 2-bed single family in Rideau Lakes has been listed for 63 days, which is 67 days fresher than the city average of 130. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $429,000, about 4.6× the local median household income of $94,000.
Carrying it typically needs a household income of about $83,799 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K0G)
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