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$409,000
Rideau Lakes
330 Forgotten Lane, Rideau Lakes, Ontario, K0G1V0
This 2-bedroom, 1-bathroom home in Rideau Lakes is for sale offering roughly 350 sq ft of space. Listed at $409,000, it is attractively priced about 37% below the $649,000 median asking price in Rideau Lakes. It has been on the market 85 days, fresher than the Rideau Lakes average of 130 days.
Cottage season isn't over yet, and there's still plenty of time to make some Otter Lake memories this year! This charming 3-season, 2-bedroom cottage offers an easy place to escape to the lake, with many of the big-ticket improvements already taken care of. Inside, the layout is simple and comfortable, with an open living area, full bathroom, laundry and everything you need for weekends away. Outside is where you'll want to spend your time. A large waterside deck offers plenty of room for dining, lounging and taking in the lake views, while the patio and fire pit closer to the shoreline create another inviting place to gather. Down by the water, the dock and sitting platform are ready for afternoons by the lake, launchinga kayak or simply pulling up a chair and staying awhile. Recent improvements include the cottage being raised in 2023, a new Waterloo septic system (2023), and in 2024 a new metal roof, eavestroughs, downspouts, siding, deck and shed. Approximately 20 minutes from Smiths Falls and an hour from Kingston, it's an easy escape for weekends at the lake. Xplornet internet is available. Road fees were $100 in 2025. Annual septic service/maintenance agreement currently 364.03 + HST. From warm afternoons on the water to crisp evenings around the fire, there's lots to look forward to here! (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: 85 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 85 days, which is 45 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 $409,000, about 4.4× the local median household income of $94,000.
Carrying it typically needs a household income of about $79,892 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K0G)
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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