$615,500

For sale

231 McBride Point Drive, Rideau Lakes - Single Family for Sale

231 McBride Point Drive, Rideau Lakes, Ontario, K0G1X0

3 beds1 bath4 parking900 ft²100 × 259 ft (25,880 sq ft) lot sizeListed 114 days ago

Overview

This 3-bedroom, 1-bathroom home in Rideau Lakes is for sale offering roughly 900 sq ft of space. Listed at $615,500, it is attractively priced about 5% below the $649,000 median asking price in Rideau Lakes. It has been on the market 114 days, fresher than the Rideau Lakes average of 130 days.

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Description

Discover the potential of this waterfront property on beautiful Upper Rideau Lake. Offering 100 feet of pristine shoreline with deep water this property is perfect for swimming, boating, fishing, and enjoying everything the Rideau Canal System has to offer. Take in breathtaking sunrises and enjoy your morning coffee from the property's desirable eastern exposure. A professionally installed permanent dock system (2024) provides exceptional space for relaxing, entertaining, and docking your watercraft. Set on nearly half an acre, the property features a 3-bedroom, 1 full bathroom seasonal cottage with an inviting open-concept kitchen, dining and living area designed to bring family and friends together. A private well (2019), septic system (2011), and roof replaced in 2020 provide peace of mind while you enjoy the cottage as it is or plan for future updates. Whether you're looking for a classic family cottage, a renovation project, or the ideal location to build your dream waterfront home, this property offers exceptional flexibility and outstanding potential. Located just minutes from the Village of Westport by car or boat, you'll enjoy easy access to restaurants, shopping, golf, and all the amenities that make the Rideau Lakes region one of Eastern Ontario's premier waterfront destinations. Don't miss this opportunity to own your piece of paradise on sought-after Upper Rideau Lake. (id:66096)

Property Details

MLS®: X13565252
Property Type: Single Family
Zoning: Recreational
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 100 × 259 ft (25,880 sq ft)
Frontage: 100 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Other, Other
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership

Rooms

Main level

Living room: 5.18 x 3.68 meters
Dining room: 5.04 x 3.35 meters
Kitchen: 3.63 x 2.87 meters
Bathroom: 2.34 x 1.53 meters
Bedroom: 3.52 x 2.38 meters
Bedroom 2: 2.37 x 3.53 meters
Bedroom 3: 3.41 x 4.28 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, Microwave, Window Coverings, Water Heater
Foundation: Wood/Piers
Exterior: Hardboard

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

114d

Rideau Lakes listings, avg age

130d

Price / ft²

$684

List price

$616K

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.

Haho

This 3-bed single family in Rideau Lakes has been listed for 114 days, which is 16 days fresher than the city average of 130. Act while there is still low competition.

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Listed by RIDEAU REALTY LIMITED · Zach Shea

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0G)

This home lists at $615,500, about 6.5× the local median household income of $94,000.

Carrying it typically needs a household income of about $120,229 (20% down, 25-yr amortization, stress-tested) — roughly 28% above the area median.

Median household income: $94,000
Population: 39,862
Median age: 50.4
Owner / renter: 88% / 12%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0G)

$615,500· $684/ft²

For sale

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Full Cost Breakdown

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Down Payment5.94% · $36,550

Min 5.94%50%

Mortgage payment$3,210/mo

↳ CMHC premium ($23,158 capitalized)

Property tax (est.)$221/mo

Total monthly$3,431

Cash Needed to Close

Down payment (5.94%)$36,550

Land transfer tax$8,785

Est. closing costs$4,347

Total cash needed$49,682

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