FOR SALE
$749,900
50 OSPREY Lane, Rideau Lakes
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2 + 2
BEDROOMS
2
BATHROOMS
1
KITCHENS
7 + 7
ROOMS
X10434093
MLSID
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Property Description
This fully furnished, turn-key 4-bedroom, 2-bathroom bungalow offers both modern comforts and natural serenity, making it an ideal choice as a vacation retreat or investment property. Perched on a level lot with direct access to the Rideau System, this property provides the perfect setting for quiet lakeside swimming and water sports. Inside, the open-concept design, accentuated by walls of windows, bathes the space in natural light and offers stunning views of the water and Foley Mountain. This bungalow was built for year-round comfort and convenience, with full winterization, spray foam insulation, a propane fireplace, and an energy-efficient mini-split heating/cooling system. Recent upgrades include a complete basement renovation, a brand-new roof (October 2024), and a tankless water heater for endless hot showers. The walk-out lower level expands your living space, making it ideal for hosting larger groups or enjoying a private retreat. With six dedicated sleeping areas, the setup is perfect for family gatherings or group getaways. Equipped with high-speed 1 Gbps Fibre internet, this home is ready for remote work and is just minutes away from Westports quaint shops, restaurants, and year-round recreational activities. Everything you need for a seamless Airbnb experience is included, from dishes and bedding to games, BBQ, outdoor daybed, hammocks, a fire pit, Adirondack chairs, a paddle boat, kayaks, a canoe, floaties, and all furniture. The property currently rents for approximately $3,000 per week in the summer, presenting an excellent investment opportunity. Turn the key, and you're all set to start making memories by the lake. Call today to make this waterfront oasis yours!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-10-24 2024-11-20 27 $794,900 - Terminated
Property Features
Golf
Property Details
Property Type
Detached, Bungalow
Lot Size
106' x 100'
Acreage
< .50
Fronting
East
Taxes
$3,516 (2024)
Basement
Finished, W/O
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Other
Water
Well
Parking Spaces
8
Driveway
Other
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain10.76' x 14.83'
LivingMain16.83' x 18.83'
DiningMain8.01' x 8.50'
BathroomMain6.50' x 8.23'
Prim BdrmMain11.42' x 11.52'
BrMain8.01' x 11.58'
BathroomLower13.42' x 10.50'
DenLower9.25' x 6.92'
BrLower13.32' x 6.43'
BrLower7.68' x 10.76'
RecLower3.28' x 10.76'
DenLower9.25' x 6.92'
Rideau Lakes Market Statistics
Rideau Lakes Price Trend
50 OSPREY Lane is a 2-bedroom 2-bathroom home listed for sale at $749,900, which is $244,771 (48.5%) higher than the average sold price of $505,129 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 2 bedroom home in Rideau Lakes increased by $23,796 (4.9%) compared to the previous 30 day period (September 24 - October 23) and up $106,129 (26.6%) from the same time one year ago.
Inventory Change
There were 16 2-bedroom homes listed in Rideau Lakes over the last 30 days (October 24 - November 22), which is up 220.0% compared with the previous 30 day period (September 24 - October 23) and up 700.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Rideau Lakes typically sold ($6,330) (1.3%) below asking price over the last 30 days (October 24 - November 22), which represents a $1,604 increase compared to the previous 30 day period (September 24 - October 23) and $0 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Rideau Lakes over the last 30 days (October 24 - November 22) stood at 481.2%, up from 60.0% over the previous 30 days (September 24 - October 23) and up from 50.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Rideau Lakes stood at 22 days when successfully sold over the last 30 days (October 24 - November 22), compared to 85 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Finest Realty Inc., Brokerage
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