20 COLBORNE Street, Rideau Lakes, ON
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Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of 818 - Rideau Lakes (Bastard) Twp. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $38,999 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 53 x 92 ft lot size
Description
This village lot is ready for a small home to be built! Welcome to the lake side village of Portland in the Township of Rideau Lakes. Walking distance to everything the village has to offer with Big Rideau Lake just down the road. Public beach and boat launches, multiple parks, 3 restaurants + a cafe, Country Roads Medical Center, pharmacy, grocery store, bank, LCBO and just off Highway 15 for easy commuting! What a great location to build a home for a young family, retirees or develop to build a rental home investment. Drilled well and 900 gallon holding tank already in place. This lot was formerly the site of the old Portland Fire Station. Do you have another use in mind for this lot? Let's set up a meeting with the Township to explore your ideas. No conveyance of any written offers until 1:00 pm August 6th, 2024.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 20 COLBORNE Street, Rideau Lakes, ON K0G 1V0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Rideau Lakes, ON
For a property listed at $38,999 in Rideau Lakes, the legal minimum down payment is $1,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $195 for this transaction. As this listing is in Rideau Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $195.
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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.
