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.
**A Rare Opportunity to Create Your Own Private Estate.** Welcome to 299 Westar Farm Way, an exceptional approximately 2-acre building lot nestled within the prestigious Ridgewood Estates community and backing onto conservation. Surrounded by mature trees, beautiful custom-built homes and the natural beauty of the countryside, this private property offers a rare opportunity to create a truly exceptional estate home.Set along a quiet private residential street, this is a setting where space, privacy and nature take centre stage. Imagine designing a custom home perfectly suited to your lifestyle, with generous grounds for a pool, gardens, outdoor entertaining or simply enjoying the peace and privacy of your own piece of the countryside. The conservation setting provides a beautiful natural backdrop and an added sense of privacy.Ridgewood Estates is known for its impressive custom homes and spacious estate properties, offering a wonderful combination of rural tranquility and convenient access to Ottawa. Ideally located between Ottawa and Carleton Place and just minutes from Ashton, Richmond, Stittsville and Kanata.Enjoy nearby equestrian facilities at Westar Farms and golf at Stittsville Golf Course, while shopping, restaurants and everyday amenities are only a short drive away. Hydro and Bell Fibe infrastructure are accessible at the road.A remarkable opportunity to build a home of distinction in one of Ottawa's quiet and sought-after rural estate settings. Bring your vision, architect and builder and create something truly your own. Restrictive covenants are in place to help maintain the beauty and unique character of the neighbourhood.**Lot measurements:** 409.44 ft x 213.22 ft x 404.22 ft x 213.28 ft.**Additional information:** A $2,500 deposit is required with the developer for installation of a light at the end of the driveway. This deposit is to be reimbursed to the Seller.
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Estimated Rental Income
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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$2,273/mo
Mortgage (principal + interest)$2,151
Property taxFrom listing: $1,464/yr$122
Minimum $32,500 down for this price; the slider moves in whole percent, starting at 6%. 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$115,000
Ontario land transfer taxProvincial brackets, no first-time refund$7,975
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$125,775
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Stittsville - Munster - Richmond 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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