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$ 3,193,000
Est. payment /mo
New
5026 Rice Lake DR Northumberland, ON K0L 1E0
9 Beds
12 Baths
UPDATED:
01/28/2025 03:32 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Municipality Hamilton Township
MLS Listing ID X11940998
Style Bungalow
Bedrooms 9
Annual Tax Amount $5,641
Tax Year 2024
Lot Depth 143.44
Lot Front 257.43
Property Description
This incredible property offers a one-of-a-kind opportunity with 257.43 ft of frontage and 143.44 ft of depth, situated right by Rice Lake, where you can enjoy breathtaking sunrises, sunsets, and tranquil water views. Perfectly designed for flexible use, the property features 12 detached cottages, including 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. 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 and $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. Additionally, 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 brings you to Kawartha Downs Casino and Racetrack, Peterborough Casino, Costco, Walmart, and more. The hospital and clinics are just 17 minutes away, with easy access to Highway 8. 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.
Location
Province ON
County Northumberland
Community Bewdley
Area Northumberland
Region Bewdley
City Region Bewdley
Rooms
Family Room No
Basement None
Kitchen 9
Interior
Interior Features Other
Cooling Window Unit(s)
Fireplace Yes
Heat Source Other
Exterior
Parking Features Private
Garage Spaces 14.0
Pool None
View Lake
Roof Type Asphalt Shingle
Lot Frontage 257.43
Lot Depth 143.44
Total Parking Spaces 14
Building
Unit Features Marina,Park,School,Waterfront,Clear View
Foundation Concrete Block
Listed by HOMELIFE LANDMARK REALTY INC.
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