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.
Set along the main channel of the Rideau River just south of Manotick is where you will find this incredible 4.28 acre waterfront estate offering an amazing opportunity to own your own private slice of paradise. This unique, custom designed 3 bedroom, 2.5 bath multi level home boasts huge windows offering spectacular views of the river and stunning sunsets. The home boasts a bright, open kitchen with loads of storage and counter space with access to a side patio area. A great sized dining/eating area with a sunken living room with cozy gas stove with another door to the yard taking you to the waterfront, a powder room and laundry/storage room complete the main level. The primary bedroom is an oasis with an unobstructed view of the water, a fabulous balcony area and a huge ensuite with separate soaker tub and shower. Two additional great sized bedrooms and a full bath are found on the upper levels. Partial basement area for additional storage. One vehicle carport with an open breezeway to the front door. The premium waterfront location, generous acreage and proximity to Ottawa make this a fabulous opportunity for investors, builders or those looking to explore development possibilities. Whether you chose to work with the existing home or investigate redevelopment, the opportunities could be endless.
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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
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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$9,150/mo
Mortgage (principal + interest)$8,604
Property taxFrom listing: $6,545/yr$545
Minimum 20% ($460,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. 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$460,000
Ontario land transfer taxProvincial brackets, no first-time refund$43,975
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$506,775
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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