Rainy River · Detached
Last updated by the listing brokerage Sep 24, 2026
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| Tax year | Annual property tax | Change | Source |
|---|---|---|---|
| 2025 | $1,083 | — | MLS® listing |
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Sign in to view historyAffordable opportunity with incredible expansion potential in the quiet, welcoming community of Rainy River! This charming two-bedroom home is a fantastic starting point for a first-time buyer, downsizer, or investor looking for a property with great potential. The home needs some light updating but requires no extensive work to truly make it your own. The functional layout features a smaller second bedroom with laundry plumbing that can easily be relocated to the unfinished basement if you prefer. Outside, a back lane provides convenient parking access to a small storage shed, while the good-sized yard showcases a beautiful, mature apple tree-perfect for gardening, relaxing, or entertaining.Adding immense value to this package, the seller also owns the adjacent property directly to the South. Featuring a solid detached garage and a structure that is a likely tear-down, this neighbouring parcel offers a rare chance to expand your lot, build fresh, or create a custom multi-property compound. The highly motivated seller is willing to negotiate a package deal to sell both properties together, making this a unique, high-potential opportunity just a short walk from the riverfront, boat dock, excellent fishing, and the Canada-U.S. border. Don't miss out on owning a home-or two-at a very reasonable price.
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Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
About how much cash you’ll need on closing day, besides the mortgage.
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Rainy River 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.
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