$599,900

For sale

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7719 HIGHWAY 42, Rideau Lakes - Single Family for Sale

7719 HIGHWAY 42, Rideau Lakes, Ontario, K0G1E0

3 beds2 baths10 parking ft²

56 Main Street North, Rideau Lakes, Ontario, K0G1E0

4 bd2 ba4 pk2,250 ft²Lot size 146 × 198 ft (29,011 sq ft)

Listed by RIGHT AT HOME REALTY

17 Cassell Lane, Rideau Lakes, Ontario, K7A4S5

For saleJust listed

3 days ago

$250K

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

3 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

4 days ago

$160K

4 Kavanagh Drive, Rideau Lakes, Ontario, K7A4S5

3 bd1 ba3 pk900 ft²

Listed by ROYAL LEPAGE ADVANTAGE REAL ESTATE LTD

Investment analysis

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$599,900

Rideau Lakes

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172 × 285 ft (1.12 acres) lot size

Overview

This 3-bedroom, 2-bathroom home in Rideau Lakes is for sale offering roughly 2,750 sq ft of space. Listed at $599,900, it is attractively priced about 8% below the $649,000 median asking price in Rideau Lakes.

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

Description

Prime commercial property, Retail store with offices, dome, and circa 1850 building that was once used as the local general store and residence. Rental income could come from the store and dome while you're store the circa 1850 dream home, or simply buy as an investment property. This parcel is centrally located in the heart of the Rideau Lakes tourist region at the busiest intersection in the area. It has great visual lines of sight from both hwy 15 and 42. It is only 30 minutes to Kingston, Gananoque or Brockville.15 minutes to Westport or Smiths Falls. The Ministry of Transportation is planning on making a circle at this intersection in 2025. (id:66096)

Property Details

MLS®: X11996749
Property Type: Single Family
Zoning: CG CL
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 10
Interior Size: 2,750 ft²
Lot Size: 172 × 285 ft (1.12 acres)
Frontage: 171 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Other, Other
Cooling: None
Garage: No Garage
Property Tax: $6,149.48/yr
Listed: 613 days ago

Rooms

Main level

Other: 11.61 x 6.49 meters
Kitchen: 5.79 x 2.46 meters
Foyer: 3.69 x 3.29 meters
Living room: 4.17 x 3.08 meters
Dining room: 4.2 x 3.68 meters

Second level

Bedroom: 4.38 x 3.07 meters
Bedroom: 3.59 x 2.77 meters
Bedroom: 3.68 x 2.77 meters
Sitting room: 3.99 x 4.02 meters

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

Features

Flooring: Tile, Hardwood, Laminate
Foundation: Block
Exterior: Brick
Lot Features: Level lot

Services

Sewer: Septic System
Utilities: Telephone, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

613d

Rideau Lakes listings, avg age

130d

Price / ft²

$218

List price

$600K

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 is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE · TAMMY BURNS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0G)

This home lists at $599,900, about 6.4× the local median household income of $94,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 25% 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)

$599,900· $218/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,990

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,596 capitalized)

Property tax (est.)$512/mo

Total monthly$3,644

Cash Needed to Close

Down payment (5.83%)$34,990

Land transfer tax$8,473

Est. closing costs$4,300

Total cash needed$47,763

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