Property includeds12 detached cottages, 4 cottages with 2 bedrooms and 8 cottages with 1 bedroom, each equipped with its own kitchen, stove or cooking range, and private washroom with a shower. situated right by Rice Lake with 257.43 ft of frontage and 143.44 ft of depth, where you can enjoy breathtaking sunrises, sunsets, and tranquil water views. Perfectly designed for flexible use, Notably, 4 of the homes have new roofs, ensuring added value and peace of mind for the future owner. Heating is provided through space heaters. Adding to its unique appeal, the property has Riparian Rights, allowing for private dock installation within property limits. A dock is installed and removed annually at a cost of approximately $1500 ($750 to install & $750 for take out), providing convenient access for boating and waterfront activities. For those with a vision for development, this property also offers the potential to be transformed into a stunning townhouse community. Professionally designed plans for project are already available and can be provided to the buyer as a reference. Connections to experienced planner and architect teams can be arranged. Situated in an ideal location, you will be just a short walk from restaurants, parks, trails, the marina, and LCBO, and a quick drive to Port Hope, Cobourg Beach, and Peterborough, with easy access to Highways 401, 115, and 407. A short drive to Kawartha Downs Casino and Racetrack, Peterborough Casino, Costco, Walmart, and more. Hospital and clinics are just 17 minutes away, with easy access to Highway 48. Outdoor enthusiasts will enjoy snowmobiling and ice fishing on the frozen Rice Lake during the winter months, and the picturesque Northumberland Forest is just nearby. This property truly offers endless opportunities. Whether you are seeking a retreat, rental investment, or development opportunity, it is an exceptional find.
For sale
C$2,993,000
5026 Rice Lake Dr N, Hamilton, ON K0L 1E0
9beds
12baths
Single Family Residence
Built in ----
0.85 Acres Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Detached cottagesNew roofsPrivate dock installation
- 207 days
- on Zillow |
- 51 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: June 15, 2025 at 08:53pm
Listed by:
HOMELIFE LANDMARK REALTY INC.
Source: TRREB,MLS®#: X11940998
Originating MLS®#: Toronto Regional Real Estate Board

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 12
Heating
- Other, Other Source
Cooling
- Window Unit(s)
Features
- Other
- Basement: None
- Has fireplace: Yes
Interior area
- Living area range: 3500-5000 null
Video & virtual tour
Property
Parking
- Total spaces: 14
- Parking features: Private
- Has garage: Yes
Features
- Pool features: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake,Direct
- Waterfront features: Waterfront-Road Between, Lake
Lot
- Size: 0.85 Acres
- Features: Marina, Park, School, Waterfront, Clear View
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete Block
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Septic
Community & HOA
Location
- Region: Hamilton
Financial & listing details
- Annual tax amount: C$3,920
- Date on market: 1/26/2025
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