42 Penny Lane, Rideau Lakes, ON

$1,900,000
MLS#:X12245256
6 beds
3 baths
2000-2500 sqft
23.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungaloft"] detached located in the coveted neighborhood of 816 - Rideau Lakes (North Crosby) Twp. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $1,900,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 6 Bedrooms and 3 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 350 x 714.7 ft lot
  • Features a ["unfinished", "crawl space"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 23.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater Owned, Water Softener, Built-In Oven
  • equipped with ["central air"] central cooling and highly efficient forced air heating via propane

Welcome to an extraordinary waterfront estate nestled on Upper Rideau Lake on the historic Rideau Canal System. Set on 4.17 acres of pristine forest, open meadow, and professionally landscaped grounds, this rare offering features over 350ft of private, natural shoreline with deep, crystal-clear water; perfect for swimming, diving, and dockside relaxation, with depths of over 12ft at the end of the dock. Take in sweeping panoramic views across the main channel toward the village of Westport, with no neighbours visible from the home or dock; offering complete peace and privacy. Coveted western exposure delivers spectacular sunsets, best enjoyed from the expansive covered deck or while relaxing by the water's edge. Off the covered deck, a fantastic three-season room provides a cozy, protected space to enjoy the sights and sounds of nature, rain or shine. The main home and private guest suites together offer 6 spacious bedrooms and 3 full bathrooms, ideal for hosting extended family, guests, or accommodating multigenerational living. The open-concept layout of the main residence features over 1,700sf of beautifully appointed main-floor living space. The chefs kitchen is designed for entertaining, with granite countertops, ample cabinetry, a gas cooktop, and a charming breakfast nook. The primary suite is a serene retreat with a renovated 3pc ensuite and custom closet cabinetry. The lakeview bunkie above the garage adds 900sf of additional space, complete with two bedrooms, ample room for guests, and a private deck with breathtaking views of the lake. Enjoy making your own maple syrup and creating unforgettable family memories in your very own charming sugar shack.Enjoy the bonus features that include a detached 3-car garage (2 bays insulated and heated), wood storage, studio, lush gardens, and walking trails. Just a quick boat ride to Westport; enjoy boutique shopping, restaurants, cozy cafés, and a vibrant live music scene. This is waterfront living at its finest!

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Key Features

Bedrooms
6
Bathrooms
3
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 28, 2025
Sold price information is available to members only
Listed Date6/24/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionWood
Lot Size350 × 714.7 Feet
CountyLeeds and Grenville
Annual Tax$9,201.96
Legal DescriptionPT LT 4 CON 2 NORTH CROSBY PT 1, 2 28R10590 & PT 1, 2 28R12249; S/T LR68356, LR355138; T/W LR355138; RIDEAU LAKES

Parking & Garage

Parking Spaces23.0
Garage Spaces20
Garage TypeDetached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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42 Penny Lane, Rideau Lakes, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 42 Penny Lane, Rideau Lakes, ON K0G 1V0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,520,000
Monthly Mortgage$8,832
Property Tax (Est.)$767
Utilities & Maint.$350
Total Monthly Cost$9,949

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Rideau Lakes.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 816 Rideau Lakes North Crosby Twp, Rideau Lakes.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$850,000

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.