Re-listed 9 days ago

5506 Rice Lake Scenic Dr, Hamilton Township, Ontario K0K 2E0

Detached
3 + 1
3
~1500-2000 sqft
$•••,•••
$1,389,000
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Detached
3 + 1
3
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$810/sqft

Est. Mortgage$5,965/mo

Tax Amount (2024)$7,618/yr

Days On Market9 days

Total Days On Market93 days


Description

Truly a rare offering. This 0ver 5 acre lot has endless potential , yet what has been done is awesome. With either commercial potential or severance potential, this could be your home and uber nest egg, all in one. This tastefully updated and expanded, raised bungalow, along with its fully complimented lower walkout suite allows you so many options from an in-law suite to an on site grounds keeper/managers residence or maybe, a short term rental to help with financing. Make this your forever home and cottage and investment. This investment will outperform the market without the stress. Gaze at the sunset over the lake on the deck or maybe the dock with a drink and relax, knowing your future is secure, instead of worrying about what some politician is doing to your savings. A few minutes to all the amenities you need and 15 minutes to the 401 and all Cobourg has to offer, then 40 minutes cruise control to the GTA. I'm guessing it is starting to make sense. You know this can work. Come take a look.


Property Details

StyleBungalow-Raised
ViewForest, Water, Lake
Age of property31-50
SqFt~1500-2000 SqFt
Lot Size127,269 SqFt(711 x 179)
Parking Spaces12
MLS ®NumberX12183424
Community NameHamilton Township
Data SourceTRREB
Listing byROYAL SERVICE REAL ESTATE INC.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Fin W/O, Full

Features

Lot size: 127,269 SqFt

Parking

Garage spaces 2

Garage type Built-In

Other parking spaces 10

Total parking spaces 12


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
9 days on market
history photo preview50
Listing by trreb®
Property listed by ROYAL SERVICE REAL ESTATE INC., Brokerage
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Market Data - Hamilton Township

Geo Zone Map ThumbnailHamilton Township

Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

20 days

Compared to

2024

35 days

2023

31 days

2022

15 days

New Listings

Past 30 days

48 listings

Compared to

2024

36 listings

2023

68 listings

2022

98 listings

Units sold

Past 30 days

16 units

Compared to

2024

23 units

2023

32 units

2022

40 units

Median Sold Price

Past 30 days

$870,000

Compared to

2024

$750,000

2023

$870,000

2022

$780,000


Population and Demographics

Overview

Total population 12171
Average household income $142,276

Age (%)

50 to 64
26%
65 and plus
24%
0 to 19
19%
35 to 49
16%
20 to 34
15%

Household composition (%)

Single family
77%
Single person
20%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
96%
Others
3%
French
1%

House tenancy (%)

Owners
94%
Renters
6%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget