For Sale

5026 Rice Lake Drive, Hamilton Township, Ontario K0L 1E0

$2,993,000

5026 Rice Lake Drive, Hamilton Township, Ontario K0L 1E0 is For Sale and has a listing price of 2,993,000. The property is located in the Hamilton Township . It's been on the website for 70 Days.

  • Detached
    Property Type
  • 9
    Bedrooms
  • 12
    Bathrooms
  • Parking
  • MLS ID: X11940998
  • Office Name HOMELIFE LANDMARK REALTY INC.
Property Description

Property includeds12 detached cottages, 4 cottages with 2 bedrooms and 8 cottages with 1 bedroom, each equipped with its own kitchen, stove or cooking range, and private washroom with a shower. situated right by Rice Lake with 257.43 ft of frontage and 143.44 ft of depth, where you can enjoy breathtaking sunrises, sunsets, and tranquil water views. Perfectly designed for flexible use, Notably, 4 of the homes have new roofs, ensuring added value and peace of mind for the future owner. Heating is provided through space heaters. Adding to its unique appeal, the property has Riparian Rights, allowing for private dock installation within property limits. A dock is installed and removed annually at a cost of approximately $1500 ($750 to install & $750 for take out), providing convenient access for boating and waterfront activities. For those with a vision for development, this property also offers the potential to be transformed into a stunning townhouse community. Professionally designed plans for project are already available and can be provided to the buyer as a reference. Connections to experienced planner and architect teams can be arranged. Situated in an ideal location, you will be just a short walk from restaurants, parks, trails, the marina, and LCBO, and a quick drive to Port Hope, Cobourg Beach, and Peterborough, with easy access to Highways 401, 115, and 407. A short drive to Kawartha Downs Casino and Racetrack, Peterborough Casino, Costco, Walmart, and more. Hospital and clinics are just 17 minutes away, with easy access to Highway 48. Outdoor enthusiasts will enjoy snowmobiling and ice fishing on the frozen Rice Lake during the winter months, and the picturesque Northumberland Forest is just nearby. This property truly offers endless opportunities. Whether you are seeking a retreat, rental investment, or development opportunity, it is an exceptional find.

Property Details
  • Bedrooms: 9
  • MLS ID: X11940998
  • Bathrooms: 12
  • Price: $2,993,000
  • Lot Depth: 143.44
  • Transaction Types: For Sale
  • Ref ID: X11940998
  • View: View (panoramic)
  • Year Built: N/A
  • Approx Sqft: 3500-5000
  • Dir / Cross St: Rice Lake Dr/County Rd 9
  • Status: Active
  • Tax Year: 2024
  • Property Type: Detached
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
01/26/2025 X11940998 $2,993,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Hamilton Township
  • $953,494 Average List Price
    based on 1 year
  • 1 New Listings
    based on 30 days
  • 85 Median Days on Market
    based on 1 year
  • List vs. Selling Price 274.54 % Up
  • Sold (12mo) 3
  • Rented (12mo) 2

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 11 Walk Score
    Car-Dependent
  • 6 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    74.02%
  • All Houses/Commercial
    0.17%
  • Commercial
    25.13%
  • Land for Sale
    0.68%
Additional Details
  • Heat Type Other
  • Heat Source Other
  • Style Bungalow
  • Washroom Type1: 12
  • Garage Type Other
  • Parking Spaces: 14
  • Exterior Vinyl Siding
  • Kitchen 9
  • Fireplace Y
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Taxes: $3,921
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: 60/90/Flex
  • Listing Entry Date: 26/01/2025 05:03:13
Want to see this property?