$529,900

For sale

88 Bay Road, Rideau Lakes - Single Family for Sale

88 Bay Road, Rideau Lakes, Ontario, K0G1L0

4 beds1 bath7 parking419 × 225 ft (2.16 acres) lot sizeListed 218 days ago

Overview

This 4-bedroom, 1-bathroom home in Rideau Lakes is for sale. Listed at $529,900, it is attractively priced about 18% below the $649,000 median asking price in Rideau Lakes.

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Description

Discover peaceful country living in this spacious 4-bedroom home, set on just over 2 acres and surrounded by nature. With no rear neighbours and plenty of room to roam, this property offers privacy and tranquility while still being conveniently located between Perth and Smiths Falls--making daily errands, dining, and shopping a breeze. Step inside to a bright, inviting main level living room that flows seamlessly into the eat-in kitchen, creating the perfect space for family gatherings and entertaining. The kitchen features a convenient breakfast bar along with a brand-new refrigerator and stove (2025).The upper level offers three comfortable bedrooms and a full bathroom, ideal for families or guests. On the lower level you'll find a 4th bedroom, and plenty of storage space. Enjoy peace of mind with some major updates already taken care of, including a new furnace and heat pump (2024) and an owned hot water tank (2024). Bell Fibe is also available for fast, reliable internet. The property also features a 2nd garage around the back providing lots of extra storage space. Whether you're hosting summer barbecues, exploring the acreage, or simply unwinding in your private backyard, this home offers a wonderful blend of comfort, space, and rural charm. (id:66096)

Property Details

MLS®: X12949278
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 1
Parking: 7
Lot Size: 419 × 225 ft (2.16 acres)
Basement: Finished, N/A
Heating: Heat Pump, Forced air, Electric, Propane
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $1,072/yr
Listed: 218 days ago

Rooms

Ground level

Foyer: 2.7 x 1.8 meters
Laundry room: 3.5 x 2.7 meters

Lower level

Other: 3.3 x 3.3 meters
Bedroom 4: 4.9 x 3.2 meters

Main level

Living room: 5.3 x 3.4 meters
Kitchen: 3.5 x 3 meters
Dining room: 3.5 x 1.8 meters

Upper Level

Primary Bedroom: 3.7 x 3.7 meters
Bedroom 2

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Water Heater
Foundation: Block
Exterior: Stone, Vinyl siding
Lot Features: Carpet Free

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

218d

Rideau Lakes listings, avg age

130d

List price

$530K

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 4-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 TEAM REALTY · Jason Beck

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0G)

This home lists at $529,900, about 5.6× the local median household income of $94,000.

Carrying it typically needs a household income of about $103,508 (20% down, 25-yr amortization, stress-tested) — roughly 10% 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)

$529,900

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment5.28% · $27,990

Min 5.28%50%

Mortgage payment$2,783/mo

↳ CMHC premium ($20,076 capitalized)

Property tax (est.)$89/mo

Total monthly$2,872

Cash Needed to Close

Down payment (5.28%)$27,990

Land transfer tax$7,073

Est. closing costs$4,090

Total cash needed$39,153

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