631 Lake Street, Rideau Lakes

$889,000
631 Lake Street

$889,000

New
15d
DetachedBungalow

631 Lake Street, Rideau Lakes

Total Monthly Obligation $4,264

Beds
4
Baths
2
Park
8
Sqft
1500-2000
DOM
15d
Yield
3.4%
Cash on Cash
-8.8%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.2%
Property Type-Detached
MLS® Number-X13875720
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-183.2 × 700.77 ft
Listed on site-Oct 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,634.63 (2026)
Parking-10 - Detached
Basement-None
Heating-Radiant (Electric)
Brokerage-RE/MAX HOMETOWN REALTY INC
Cooling-Other
Laundry-No
Fireplace-Propane
Pool-None
Facing-West
Exterior-Wood
Roof-Asphalt Shingle, Other
Foundation-Slab
Sewer-Septic
Possession-TBA
Neighbourhood-818 - Rideau Lakes (Bastard) Twp
Title-Residential Freehold

No agent assigned

Welcome to 631 Lake St, a beautifully maintained 2.7-acre property offering the perfect blend of privacy, comfort and waterfront living. With approximately 170' of natural waterfront and just a short paddle or boat ride to Upper Beverly Lake, this is an ideal setting for those looking to enjoy the best of Eastern Ontario's lake lifestyle. The manicured and groomed grounds provide plenty of room to relax, garden and enjoy the outdoors. A spacious 12' x 33' covered front porch, and a lovely screened southwest-facing porch offer the perfect spots to unwind and take in the peaceful surroundings. Inside, the freshly painted and thoughtfully updated home offers convenient all-one-level living with hardwood and luxury vinyl flooring throughout: 3+1 bedrooms and 2 bathrooms, a cozy propane fireplace and newly installed heat pump (2023). Numerous recent improvements provide peace of mind, including new ductwork, upgraded attic insulation, water softener, washer, dishwasher, hydronic pump and relays for the in-floor heating system throughout. Excellent high-speed fibre internet makes working from home a breeze. The electrical panel has been upgraded to 200 amps with surge protection. The impressive new 900 sq ft insulated detached garage features over 10' ceilings and a 100-amp panel, offering exceptional space for vehicles, toys, hobbies or a workshop. A 10' x 20' Amish shed with hydro and shelving provides additional storage. Enjoy the convenience of weekly garbage and recycling pickup and mail delivery. A recent water sample is available showing 0/0 results. A rare opportunity to enjoy acreage, natural waterfront and a beautifully updated turnkey home just minutes from Upper Beverly Lake - move in, unpack and start enjoying lake life.

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Closing Costs

Mortgage Amount
$711,200
Land Transfer Taxes$14,255
Legal Fees (Est.)
$
Total cash required for closing$193,555

Total Monthly Obligation

$4,264/mo
Mortgage $3,586
Monthly Loss $3,320
Principal$944
Interest$2,642
Property Tax$303
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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

Comparables

Properties near 631 Lake Street

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