$899,999 - 5496 Rice Lake Scenic Drive Unit 130, Hamilton Township
Detached for Sale in Hamilton Township
79 days on market- MLS Number
- X12945418
- Property Type
- Detached
- Status
- active
- Days on Site
- 79
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton Township
- Listing Brokerage
- RE/MAX Rouge River Realty Ltd.
JUST REDUCED 150k! PRIVATE PROPERTY. DO NOT WALK THE PROPERTY WITHOUT AN AGENT/APPOINTMENT. Breathtaking lakeside living on the shores of Rice Lake. This turnkey raised bungalow has been fully renovated and is ready to be enjoyed year-round as a home, cottage, or income-generating retreat. Offering 3 bedrooms and 2 bathrooms, this stunning property features panoramic lake views, private water access, and an extensive list of upgrades, including new appliances, a new wood-burning fireplace, Duradek decking with a 25-year warranty, and a raised basement floor with a weeping tile system for added peace of mind. Designed to maximize the incredible waterfront setting, the home offers both upper and lower covered outdoor living spaces, including a walkout basement, creating the perfect places to relax, entertain, and take in spectacular sunsets throughout every season. A bonus detached shed provides excellent additional space, ready to be transformed into a workshop, hobby room, man cave, studio, or extra storage offering endless possibilities to suit your lifestyle and interests. Spend your days roasting marshmallows by the water, picking fresh cherries and apples from your own backyard, and enjoying the natural beauty that surrounds you. Whether you're seeking a full-time residence, a weekend getaway, or an investment opportunity, this versatile property is ready to fit your lifestyle. Conveniently located just 20 minutes from Highway 401, this peaceful retreat offers the perfect balance of tranquility and accessibility. Move in and start enjoying stress-free waterfront living.
Estimate your monthly payments for this property
Estimated Payment
$4,617.46/mo
Includes CMHC insurance ($25,110)
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.
5496 Rice Lake Scenic Drive Unit 130, 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 $600/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.
Negotiation Opportunity
At 79 days on site, this property has exceeded the typical selling timeline for Hamilton Township. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $3,750 (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.