$499,000

For saleJust listed

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56 Main Street North, Rideau Lakes - Single Family for Sale

56 Main Street North, Rideau Lakes, Ontario, K0G1E0

4 beds2 baths4 parking

17 Cassell Lane, Rideau Lakes, Ontario, K7A4S5

3 bd1 ba2 pk900 ft²

Listed by ROYAL LEPAGE TEAM REALTY

212 Sheldon Road, Rideau Lakes, Ontario, K0G1V0

For saleJust listed

2 days ago

$1.40M

212 Sheldon Road, Rideau Lakes, Ontario, K0G1V0

4 bd3 ba12 pk2,250 ft²Lot size 360 × 403 ft (3.32 acres)

Listed by REMAX BOARDWALK REALTY

4 Kavanagh Drive, Rideau Lakes, Ontario, K7A4S5

For saleJust listed

3 days ago

$160K

4 Kavanagh Drive, Rideau Lakes, Ontario, K7A4S5

3 bd1 ba3 pk900 ft²

Listed by ROYAL LEPAGE ADVANTAGE REAL ESTATE LTD

12 KINGSTON Street, Rideau Lakes, Ontario, K0G1E0

For saleJust listed

4 days ago

$500K

12 KINGSTON Street, Rideau Lakes, Ontario, K0G1E0

4 bd2 ba2 pk2,250 ft²Lot size 132 × 224 ft (29,621 sq ft)

Listed by COLDWELL BANKER FIRST OTTAWA REALTY

Investment analysis

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$499,000

Rideau Lakes

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Overview

This 4-bedroom, 2-bathroom home in Rideau Lakes is for sale offering roughly 2,250 sq ft of space. Listed at $499,000, it is attractively priced about 23% below the $649,000 median asking price in Rideau Lakes. It has been on the market 0 days, fresher than the Rideau Lakes average of 129 days.

Houses for Sale in Rideau Lakes →All real estate in Rideau Lakes →

Description

Beautiful 2 story stately brick home with 3rd floor huge useable attic. This 4 bedroom, 2 bath, historic home offers a large lot, massive rooms, and so much more. Perfect for large families that want to enjoy a peaceful village with both primary ( including a French Immersion Option) & high schools within the village limits. Rideau Lakes offers many amenities and Elgin Village has a thriving businesses including grocery, pharmacy and restaurants and even a bowling alley. (id:66096)

Rooms

Main level

Foyer: 3.63 x 1.75 meters
Dining room: 4.91 x 4.48 meters
Living room: 4.52 x 3.89 meters
Family room: 4.85 x 3.79 meters
Kitchen: 4.42 x 3.53 meters
Sunroom: 5.54 x 2.92 meters
Laundry room: 3.35 x 3.33 meters

Second level

Bedroom 3: 3.86 x 3.63 meters
Bedroom 4: 3.53 x 3.38 meters
Sunroom: 4.37 x 2.79 meters
Primary Bedroom: 4.34 x 2.82 meters
Bedroom 2: 4.37 x 2.79 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

Rideau Lakes listings, avg age

129d

Price / ft²

$222

List price

$499K

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.

Area context

Neighbourhood profile (K0G)

This home lists at $499,000, about 5.3× the local median household income of $94,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 4% 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)

$499,000· $222/ft²

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$202/mo

Total monthly$2,830

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

56 Main Street North, Rideau Lakes - Single Family for Sale

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Description

Property Details

Rooms

Features

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Market Timing

Location

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Neighbourhood profile (K0G)

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Full Cost Breakdown