5 days on Market

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

Detached
3 + 1
3
~2500-3000 sqft
$1,575,000
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Detached
3 + 1
3
~2500-3000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$578/sqft

Est. Mortgage$6,764/mo

Tax Amount (2024)$7,618/yr

Days On Market5 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
View-
Age of property31-50
SqFt~2500-3000 SqFt
Lot Size127,269 SqFt(711 x 179)
Parking Spaces12
MLS ®NumberX12006124
Community NameHamilton Township
Data SourceTRREB
Listing byROYAL SERVICE REAL ESTATE INC.

Features

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

Features

Lot size: 127,269 SqFt

Parking

Garage spaces 1.5

Garage type Built-In

Other parking spaces 11

Total parking spaces 12


Property History

Mar 7, 2025
ListedActive
$1,575,000
5 days on market
history photo preview40
Listing by trreb®
Property listed by ROYAL SERVICE REAL ESTATE INC., Brokerage
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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%

Schools and amenities

Estimated Budget