45 King Street, Rideau Lakes, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 818 - Rideau Lakes (Bastard) Twp. Expertly crafted featuring premium vinyl siding and wood construction, this residence presents an exceptional opportunity offered at $999,900 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.
- 5 Bedrooms and 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 210 x 148.5 ft lot
- 7.0 total parking spaces available with a convenient detached configuration
- Notable attributes: In-Law Suite
- equipped with central air central cooling and highly efficient radiant heating via propane
Description
Discover Kingsgate Lake House, a rare opportunity to own a profitable, turn-key short-term rental business on Upper Beverley Lake in Delta, Ontario. Built in 1853, this fully furnished property blends historic charm with modern amenities and an 8+ year track record of strong rental income. Main House: A beautifully maintained 5-bedroom home accommodating up to 12 guests.Guesthouse Suite: 1-bedroom with full kitchen, living, bath, laundry, and private deck overlooking the lake. Perfect for guests or as an on-site Owners Suite.Coachhouse & Loft: 3-car garage plus a spacious finished loft, roughed-in for kitchen and bath ready to convert into a third income-generating unit.Waterfront Lifestyle: Private dock with canoe, 2 kayaks, and paddle boat. Hot tub, firepit, BBQ, gardens, and expansive outdoor entertaining spaces.Proven revenue of $85,000 to $110,000 annually so far and can be increased once the third unit is added.Established listings on Airbnb & VRBO with excellent reviews and loyal repeat guests.Turn-key systems: dedicated cleaning team, handyman support, automated check-in/out, and fully stocked with linens, kitchenware, and furnishings.Growth PotentialOperate up to three rentable units for diversified income.Expand revenue with weddings, retreats, corporate events, and film opportunities.Grow direct bookings beyond Airbnb/VRBO.Prime Location in Delta, Ontario. Just steps from grocery, LCBO, and cafes, and home to the Old Stone Mill National Historic Site. Festivals like the Maple Syrup Festival, Delta Fair, and Harvest Festival keep guests returning year after year. Conveniently located 30 minutes from Kingston & Brockville, 1.5 hours from Ottawa, and 2.5 hours from Montreal.Lifestyle + Investment Part of the UNESCO Rideau Canal corridor. Kingsgate Lake House offers both a profitable business and the chance to own a piece of Canadian history. Operate, expand, and enjoy a lifestyle investment that pays for itself.Turn-key. Profitable. Expansion-ready.
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Pricing & Value Insights
Data-driven valuation for 45 King Street, Rideau Lakes, ON K0E 1G0
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About Purchasing a Home in Rideau Lakes, ON
For a property listed at $999,900 in Rideau Lakes, the legal minimum down payment is $74,990 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 $16,473 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 $16,473.
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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.
