The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
WATERFRONT Opportunity - Look no more, you can be the new owner of this cozy three bedroom, 2 bath, back split bungalow on the Long Reach portion of the Rideau River with 26 miles of lock free boating enjoyment. Minutes south of Manotick's shopping, dining and recreation. A short drive to Hwy 416, the airport, Barrhaven and south end Ottawa. The main level features an inviting living room with a wood burning fireplace and wall of windows for great river views and a dining room also overlooking the river with hardwood flooring throughout. A galley kitchen with ample counter space and a raised bar eating area. The primary bedroom features a wall of built in cabinetry. Totally renovated main floor bath with glass front corner shower, jet tub and single vanity. The full rear raised deck offers relaxation, outdoor dining and total appreciation of waterfront living. The lower level further enhances the enjoyment of this home with a recreation room and gas fireplace, two additional bedrooms and a second full bath and laundry room. The walkout patio door gives access to the stamped concrete patio and fabulous large manicured lawn leading to the river, where you can relax under the shade of the tree at the full width dock with an extended Ezee Dock floating dock system.
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What’s NearbyDistances approximate
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Estimated Rental Income
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$4,894/mo
Mortgage (principal + interest)$4,377
Property taxFrom listing: $6,202/yr$517
Minimum $92,000 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$234,000
Ontario land transfer taxProvincial brackets, no first-time refund$19,875
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$256,675
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Manotick - Kars - Rideau Twp and Area has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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