Homula Realty Brokerage
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00 Lot 1 OTTER LAKE Road, Rideau Lakes, ON K0G 1L0

Vacant Land
$149,000
Property tax
$396 / year

Discover the perfect opportunity to create your ideal home on this beautiful 2.059-acre lot on Otter Lake Road, ideally located just minutes from the charming village of Lombardy and within easy reach of Rideau Ferry, Smiths Falls, and Perth. Offering a wonderful blend of rural tranquility and convenient access to nearby amenities, this property is well-suited for those looking to enjoy country living without being far from town. The lot features a driveway already in place along with a cleared and excavated area ready for your new build, helping you get one step closer to bringing your vision to life. At the rear of the property, a natural tree-lined backdrop adds privacy, character, and a peaceful setting for your future home or retreat. Whether you're planning a custom build, a family home, or a quiet escape from the city, this property offers space, flexibility, and an excellent location in a sought-after area of Eastern Ontario. A great opportunity to secure a ready-to-go building lot in a scenic and convenient setting.

MLS number
X12969378
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K0G 1L0
Photos
9
Laundry
Not in the unit
157days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$29,800 · minimum here is $7,450
$659.74per month
Borrowed before insurance$119,200
Total borrowed$119,200
Interest over 25 years at 4.5%$78,722

If you rented it out

-$692.74per month out of pocket
Rent$0.00
Everything it costs to hold$692.74
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 SYNERGY REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.