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510 CHERIE HILL Lane, Tay Valley, ON K7H 3C7

3 beds · 1 bath · 1 kitchen · 6 rooms · 4 parking spaces · 700-1100 sq ft · Detached
$615,000
Property tax
$2,563 / year

Tucked along the shoreline of quiet Adams Lake, 510 Cherie Hill Lane offers a relaxed and private four-season escape just 15 minutes from Perth. With over 100 feet of direct lake frontage, a private dock, and flat grassy space for gatherings around the fire pit, this property is designed for both play and peace. Inside pairs a cozy living room with large picture windows that bring the lake right into view. The kitchen is functional and full of charm, with vintage touches and direct access to the elevated deck perfect for morning coffee or evening BBQs under the trees. Three comfortable bedrooms with updated windows and a full 3-piece bath round out the main level. The lower-level walkout basement adds excellent storage or workshop potential, with high ceilings and a wide-open layout ready for finishing. Outside, you'll find multiple storage sheds, parking for four, and plenty of space to store water toys or gear for year-round activities. The setting feels private and natural, with a backdrop of mature trees and a gentle slope to the water. Whether you're looking for a weekend getaway or a year-round residence, this property makes it easy to unplug and enjoy lake life. Close to Rideau Ferry, Murphy's Point Provincial Park, and with direct access to Big Rideau Lake by boat, this is a rare waterfront opportunity that blends simplicity with potential.

MLS number
X13617632
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
K7H 3C7
Photos
21
Laundry
Not in the unit
45days · 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 5 times.

Sale history is for registered usersSee what this address sold for and when, across all 5 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.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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.

This neighbourhood

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

$96,000Median household income
94.1%Own their home
97.5%Detached houses
60Median age
7.8%Born outside Canada
25.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35090177 — the few blocks around this address, home to 872 people. It describes the area, not this property.

872Population
54.2Average age
2.2Household size
$131,500Average household income
$96,000Median household income
94%Own their home
6%Rent
0%Condominiums
8%Born outside Canada
26%University degree
$652,000Average home value
4%Low income
15%Never married
$25,000 to $29,9991%
$30,000 to $34,9991%
$40,000 to $44,9994%
$45,000 to $49,9992%
$50,000 to $59,9996%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over33%
$100,000 to $124,99911%
$125,000 to $149,9998%
$150,000 to $199,9998%
$200,000 and over7%

Percentages are of the 570 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.

$123,000 · minimum here is $36,500
$2,723.09per month
Borrowed before insurance$492,000
Total borrowed$492,000
Interest over 25 years at 4.5%$324,926

If you rented it out

-$2,936.67per month out of pocket
Rent$0.00
Everything it costs to hold$2,936.67
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 FAIR AGENT REALTY. Listing data provided by the Toronto Regional Real Estate Board.