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.
Welcome to 59 Horace Drive, an exceptional executive home set on 2.15 private acres in Sheldon's Landing, an exclusive waterfront community in Rideau Lakes near Portland.. This beautifully updated 4-level side split offers 1,660+ sq. ft. above grade with 3 bedrooms, 2 full baths, 2 powder rooms & an attached double car 23 ft x 32 ft garage with inside entry to both the main and lower levels. Since 2023, the home has undergone an impressive transformation featuring wide plank engineered hardwood flooring throughout the finished areas, hardwood stairs with new railings, fresh paint, designer lighting & a stunning open-concept layout. The showpiece gourmet kitchen boasts an 6+ ft quartz island, new cabinets with quartz counters, farmhouse sink, subway tile backsplash,under-cabinet lighting, and an 8-burner propane range with double ovens. A coffee bar, new powder room & garage access complete the main level. The finished lower level is perfect for entertaining with a cozy propane fireplace, spacious rec room, library/lounge, games area, hidden laundry & additional powder room. The fourth level offers a home gym, utility room, and abundant storage. Step outside to a spectacular 32 ft deck with aluminum railings, double gazebo, seating for 10, space for an outdoor kitchen, landscaped grounds, fire-pit,fenced garden, new Kodiak shed, paved driveway with parking for up to 10+ vehicles, and a whole-home Generac generator. Offering deeded access to a private waterfront park with a boat launch, long dock, beach, parking, and natural shoreline, you'll enjoy the best of lake life in sheltered Sheldon's Bay-ideal for swimming, fishing, and boating. Enjoy high-speed FIBE internet, no rear neighbours, high-efficiency propane heating, central A/C, and an unbeatable location just minutes to Portland, 15 minutes to Westport, 30 minutes to Smiths Falls & Gananoque, 45 minutes to Kingston & one hour to Kanata. Luxury, privacy, and an exceptional Rideau Lakes lifestyle await.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
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$3,779/mo
Mortgage (principal + interest)$3,479
Property taxFrom listing: $3,599/yr$300
Minimum $67,990 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$185,980
Ontario land transfer taxProvincial brackets, no first-time refund$15,073
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$203,853
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Rideau Lakes 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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