5248 King Road, Hamilton Township, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Rural Hamilton. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $500,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Generous living space spanning < 700 sqft on a premium 100 x 646 ft lot
- Notable attributes: None
Description
Fantastic Opportunity to own 7.5+- acres of land with 100ft of beautiful waterfront on the South Shore of Rice Lake. Enjoy beautiful sunsets on a peaceful and private lot. Potential to build your dream custom home and enjoy life on the lake. Mixed hardwood bush and a cleared area by the waterfront.
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Property Summary
This vacant land located at 5248 King Road, Hamilton Township is currently for sale and has been available on SousaSells for 417 days. This property is listed at $500,000 with an estimated mortgage of $1,664* per month. It has 0 beds, 0 bathrooms, and is < 700 square feet. 5248 King Road, Hamilton Township is in the Rural Hamilton neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5248 King Road, Hamilton Township, ON K0L 1E0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton Township, ON
For a property listed at $500,000 in Hamilton Township, the legal minimum down payment is $25,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,475 for this transaction. As this listing is in Hamilton Township (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.