Truly a rare offering. This 0ver 5 acre lot has endless potential , yet what has been done is awesome. With either commercial potential or severance potential, this could be your home and uber nest egg, all in one. This tastefully updated and expanded, raised bungalow, along with its fully complimented lower walkout suite allows you so many options from an in-law suite to an on site grounds keeper/managers residence or maybe, a short term rental to help with financing. Make this your forever home and cottage and investment. This investment will outperform the market without the stress. Gaze at the sunset over the lake on the deck or maybe the dock with a drink and relax, knowing your future is secure, instead of worrying about what some politician is doing to your savings. Confidently work from home Fibe internet already installed. A few minutes to all the amenities you need and 15 minutes to the 401 and all Cobourg has to offer, then 40 minutes cruise control to the GTA. I'm guessing it is starting to make sense. You know this can work. Come take a look.
For sale
C$1,198,000
5506 Rice Lake Scenic Dr, Hamilton, ON K0K 2E0
4beds
3baths
Single Family Residence
Built in ----
5.76 Square Feet Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Raised bungalowLower walkout suiteIn-law suite
- 86 days
- on Zillow |
- 64 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: August 11, 2025 at 07:59pm
Listed by:
ROYAL SERVICE REAL ESTATE INC.
Source: TRREB,MLS®#: X12183424
Originating MLS®#: Central Lakes Association of REALTORS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced Air, Propane
Cooling
- Central Air
Appliances
- Included: Water Heater Owned
Features
- In-Law Capability, Primary Bedroom - Main Floor
- Flooring: Accessory Apartment
- Basement: Finished with Walk-Out,Full
- Has fireplace: Yes
- Fireplace features: Pellet Stove, Wood Burning
Interior area
- Living area range: 1500-2000 null
Video & virtual tour
Property
Parking
- Total spaces: 12
- Parking features: Garage
- Has garage: Yes
Features
- Patio & porch: Deck
- Exterior features: Fishing, Landscaped, Private Dock
- Pool features: None
- Has view: Yes
- View description: Forest, Water, Lake
- Has water view: Yes
- Water view: Water,Lake,Direct
- Waterfront features: Waterfront-Deeded, Direct, Lake
- Body of water: Rice Lake
Lot
- Size: 5.76 Square Feet
- Features: Lake Access, Lake/Pond, River/Stream, Waterfront
Details
- Parcel number: 511160061
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow-Raised
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Poured Concrete
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Septic
Community & HOA
Location
- Region: Hamilton
Financial & listing details
- Tax assessed value: C$591,000
- Annual tax amount: C$7,618
- Date on market: 5/30/2025
- Loading