$1,049,000 - 5225 Rice Lake Drive, Hamilton Township
Detached for Sale in Hamilton Township
- MLS Number
- X13170136
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton Township
- Listing Brokerage
- ROYAL HERITAGE REALTY LTD.
* OPEN HOUSE SUN 1-3pm * One of a Kind Waterfront 4 Season Home on the South Shore of Rice Lake. Positioned on a Flat 1 Acre Lot with 100ft +- Of Shoreline. Offering 4 Bedrooms, 2 Full Baths & 2 Kitchens This Home has Room for the Expanded Family & All of Your Guests. Renovated Throughout Including Updated Furnace, AC, Fire Place, Water Filtration System & Tankless Water Heater. Lovely Views of the Lake From the Open Concept Great Room featuring a Natural Gas FP. Relax on the Expansive Rooftop Balcony and Enjoy Unobstructed Views of Rice Lake. A Huge Yard Leads to your Dock & Private Boat Launch. Built-in Garages Offer Space to Store All the Toys & Machinery. Only 1 Hour 15 Minute Drive From From Toronto. Within Walking Distance To Restaurants, Lcbo, Grocery And Shops Of The Thriving Fishing And Tourist Town Of Bewdley! **EXTRAS** Natural Gas Forced Air Furnace, Central AC, Gas Fireplace, HWT owned
Estimate your monthly payments for this property
Estimated Payment
$4,640.08/mo
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.
5225 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 $525/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.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton Township. Good resale value as demand remains consistent.
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 $4,371 (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.