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669 North Shore Drive E, Otonabee-South Monaghan, ON L0B 1E0

2 beds · 1 bath · 1 kitchen · 3 rooms · 2 parking spaces · 700-1100 sq ft · Detached
$499,000
Property tax
$2,754 / year

Located on the scenic shores of Rice Lake. The property offers an incredible opportunity to create your dream waterfront retreat. With approx 75 feet of pristine south-facing waterfront, and part of the renowned Trent-Severn Waterway, this lot provides ideal conditions for fishing, boating, and enjoying the stunning natural beauty of the area.There is an existing cottage however the lot is being sold as land value only.Take advantage of the spacious lot for your possible dream home. Many cottages in the area are being upgraded into luxurious homes, making this the ideal time to invest. The property next door is for sale at 671 North Shore and is also another approx 75 foot lot.The property is in a prime location with easy access to all amenities and is just a short drive from Peterborough, Durham Region, andToronto. The famous butter tarts at the local Bakery are a local treat, and golf enthusiasts will love the proximity to nearby courses.Whether you're looking for a weekend getaway or a full-time residence, this is a rare opportunity to own a piece of Rice Lake waterfront, where you can enjoy serene views, great fishing, and endless boating possibilities. Don't miss your chance to own one or both of these exceptional properties, ideal for building your perfect lakeside retreat! Cottage is not available to view. Being sold as land value. Property being sold as is where is with no warranties.

MLS number
X13106306
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
L0B 1E0
Photos
1
Laundry
Not in the unit
129days · 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

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 872 people.

$102,000Median household income
93.2%Own their home
98.6%Detached houses
46Median age
8.6%Born outside Canada
12%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35180065 — the few blocks around this address, home to 872 people. It describes the area, not this property.

872Population
43.5Average age
2.5Household size
$128,000Average household income
$102,000Median household income
93%Own their home
7%Rent
3%Condominiums
9%Born outside Canada
12%University degree
$680,000Average home value
8%Low income
45%Not in the labour force
24%Never married
Under $5,0001%
$15,000 to $19,9991%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9992%
$35,000 to $39,9991%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9995%
$60,000 to $69,9994%
$70,000 to $79,9993%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over35%
$100,000 to $124,99911%
$125,000 to $149,9997%
$150,000 to $199,99910%
$200,000 and over7%

Percentages are of the 510 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

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

$99,800 · minimum here is $24,950
$2,209.46per month
Borrowed before insurance$399,200
Total borrowed$399,200
Interest over 25 years at 4.5%$263,639

If you rented it out

-$2,438.96per month out of pocket
Rent$0.00
Everything it costs to hold$2,438.96
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 WEISS REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.