102 days on market
Virtual Tour360°
$489,000
For Sale

5 Elm Grove Rd, Unit #Cottage #1

Otonabee-South Monaghan, Otonabee-South Monaghan

3+null Bed|1 Bath|No|102 days on market

$489,000

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Home Details

Maintenance
$339 / month
Total Parking Spots
0
Garage Spaces
NaN
Balcony
Yes
Furnished
No
Exposure
S
Move-in Date
30 days or TBD
Building Age
0-5 Years
Locker
None
Hydro Included
Yes
Heating
Forced Air
Water Included
Yes
Kitchens
1
Family Room
Yes
Basement
Full, Unfinished
Fireplace
N
Air Conditioning
Central Air
Central Vaccum
No
Exterior
Wood
Property Type
Other
Style
2-Storey
Status
New
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Listing Description

This charming two-story cottage, located on a stunning 9-acre property, offers direct water access and a south-facing orientation, perfect for watching the sunrise over serene Rice Lake. Meticulously built under five years ago with exceptional attention to detail, this property is a true gem. Designed to four-season specifications. As part of a fractional ownership arrangement shared with 17 other cottages, you'll enjoy exclusive access to this private expansive property, with the added benefit of manageable maintenance costs. The cottage features spacious living areas, large windows for natural light, and high-quality finishes that blend comfort with style. The open-concept design allows for seamless indoor-outdoor living, with a balcony on each floor to take in the breathtaking lake views. This cottage boasts a shared dock with one other owner, providing easy access to Rice Lake for boating, fishing, or simply relaxing by the water. With pride of ownership evident throughout, every corner of this cottage reflects care and craftsmanship. Whether you're unwinding on the balcony or enjoying the outdoors, this cottage offers an idyllic retreat that promises peace, privacy, and natural beauty. Don't miss the chance to make this meticulously crafted property your own and experience the tranquility of lakeside living.
Fridge, Stove, All electric light fixtures and existing window coverings, Dock co-owned with one other neighbour.

Property History

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There's no lease history for this property

Rooms

Room dimensions for 5 Elm Grove Rd, Unit #Cottage #1, Otonabee-South Monaghan
Kitchen
8 x 1188 sqft
Living
12 x 10120 sqft
3rd Br
10 x 990 sqft
Bathroom
5 x 945 sqft
Primary
15 x 8120 sqft
2nd Br
15 x 8120 sqft

Building Amenities

Bbqs Allowed
Recreation Room
Visitor Parking

Market Trends and Insights

Mortgage Calculator

Your estimated monthly payment for 5 Elm Grove RdCottage #1 is 2750

Price

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Ammortization

Down Payment

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Total Mortgage


Purchase Price$489000
Down Payment$97800
Mortgage Insurance$0
Total Mortgage$391200

Monthly Payment


Mortgage Payment$2411
Property Taxes$0
Maintenance Fees$339
Monthly Payment$2750
$2750
monthly

About 5 Elm Grove Rd, Unit #Cottage #1, Otonabee-South Monaghan

Located at 5 Elm Grove Rd Unit #Cottage #1, this Otonabee-South Monaghan condo is available for sale. This property was listed for $489,000 on Mon May 05 2025. This condo's size is 1000-1199 Sqft. It has 3 bedrooms and 1 bathroom. Monthly maintenance is $339 per month . Views are to the South from this property. Step outside onto the open balcony. The property's amenities include Bbqs Allowed, Recreation Room, Visitor Parking. The property includes the following rooms: Kitchen, Living, 3rd Br, Bathroom, Primary, 2nd Br. This property also comes with a locker. Hydro, Water are included with this property. 5 Elm Grove Rd, Otonabee-South Monaghan is situated in the Otonabee-South Monaghan neighbourhood.


MLS#: X12124017 · $489,000 · 3 bedroom condo in Otonabee-South Monaghan, Otonabee-South Monaghan