$999,000 - 5091 Rice Lake Drive, Hamilton Township
Detached for Sale in Hamilton Township
New — Listed 2 days ago- MLS Number
- X13417980
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Hamilton Township
- Listing Brokerage
- CYPRO REALTY INC.
Exceptional waterfront investment opportunity in the heart of Bewdley! Rarely offered, this unique mixed-use property package consists of three separately identified properties totaling over half an acre with more than 5,000 sq. ft. of commercial and residential improvements, ideally positioned on the shores of Rice Lake. Formerly operated as a successful marina and boat rental business, the property features a versatile 2,600 sq. ft. concrete block commercial building with storefront exposure, office space, and two bay doors-ideal for a variety of business, retail, marine, Specialty automotive shop/auto repair/ collision service/car or truck wash or recreational uses. A fenced compound extends to a 1,300 sq. ft. waterfront storage building complete with a private boat launch, offering outstanding operational flexibility and future income potential. The offering also includes two separate 2-bedroom bungalow homes, each with gas heating and functional layouts, providing excellent opportunities for rental income, staff accommodation, owner occupancy, or short-term vacation rentals. Boasting over 135 feet of prime Rice Lake waterfront, a private dock system, and capacity for more than 20 boat slips/storage spaces, this property presents multiple revenue streams with significant upside potential. Located in the center of town beside the LCBO and within walking distance to parks, restaurants, shopping, and other amenities, this high-visibility waterfront property is perfectly suited for investors, entrepreneurs, marina operators, or developers seeking a landmark asset with residential, commercial, and recreational appeal. Building Permit is applied with new designed commercial and residential mix building of 12,000 Sqft for approval. A truly one-of-a-kind waterfront investment opportunity offering immediate income potential and long-term value in one of Rice Lake's most desirable waterfront communities.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Hamilton Township
Hamilton Township is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hamilton Township
- •Convenient location in Hamilton Township
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hamilton Township offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
5091 Rice Lake Drive, Hamilton Township
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $200/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Hamilton Township's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Hamilton Township are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Investment Perspective
Looking at this as an investment: Hamilton Township properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.