923 Silver Leaf Drive, Otonabee-South Monaghan

$624,900
923 Silver Leaf Drive

$624,900

New
24d
DetachedBungalow

923 Silver Leaf Drive, Otonabee-South Monaghan

Total Monthly Obligation $3,158

Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
24d
Yield
4.8%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X13839120
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-50 × 112 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,148.73 (2026)
Parking-2 - None
Basement-None
Heating-Heat Pump (Electric)
Brokerage-RE/MAX Jazz INC.
Cooling-Central Air
Laundry-No
Fireplace-Freestanding, Propane
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Post & Pad
Sewer-Holding Tank
Possession-Flexible
Neighbourhood-Otonabee-South Monaghan
Title-Residential Freehold

No agent assigned

This is your chance to own a 4-season home on premium south-facing waterfront property on Rice Lake! Enjoy swimming, boating, and fishing all day. Wake up each morning to the brilliant sunrise over the water from your spacious deck and take your family for rides in your 23 ft. Glastron bowrider with an economical 5.7 liter Merc stern drive. Enjoy stargazing nights under the clear sky after taking in the beautiful sunsets from the dock. Well-maintained and updated bungalow filled with natural light. Open concept living and dining room with cozy propane fireplace. Large primary bedroom. 29 by 8 ft south-facing deck overlooking a level lot and an easy walk to 26 by 6 ft ariel dock. Drilled well and water equipment, hot water tank (owned), vinyl siding, shingles, insulation, electrical panel, electrical wiring and fixtures, all plumbing and fixtures, 2500 gallon cement septic holding tank 2009. All reconstruction was done to code with permits and inspections from the municipality. 3 pc bath 2021, Armor Stone 2021, heat pump / AC 2022, paved drive 2025, clean laminate floor throughout, all appliance included. There is a backup generator wired into the home but no automatic switch (the generator must be manually switched on during an electrical outage). Miles of boating on the Trent System to unlimited small towns, cities, and restaurants to explore by boat and excellent fishing. Rice lake is also part of a major snowmobile trail connecting Southern Ontario to all the northern trails, conditions permitting. Only 20 minutes to Peterborough and 25 minutes to 407.

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Closing Costs

Mortgage Amount
$499,920
Land Transfer Taxes$8,973
Legal Fees (Est.)
$
Total cash required for closing$135,453

Total Monthly Obligation

$3,158/mo
Mortgage $2,521
Monthly Loss $2,495
Principal$663
Interest$1,857
Property Tax$262
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 923 Silver Leaf Drive

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