Four-Season Lakefront Retreat on Rice Lake with Workshop

Property details for 5890 Rice Lake Scenic Dr Drive, Hamilton Township

Type: Residential
Style: Bungalow
Bedrooms: 2
Bathrooms: 2
Lot Size: 75.3 x 78.8 FT
Stories: 1
Basement: Walk out, N/A
Parking: Garage, Carport
Heating: Heat Pump, Electric, Wood, Other
Cooling: Wall unit
Exterior: Wood
Ownership: Freehold
Annual Taxes: $2,610 (2025)

Tucked into a private, landscaped lot with mature trees and stonework, this bungalow is all about that Rice Lake view. You're just off Rice Lake Scenic Dr, 8.8 km from Serpent Mounds Park, with only 2 other active listings nearby, so it's a rare slice of shoreline. The main floor has an open layout with red cedar paneling mixing with drywall, a galley kitchen, living and dining spaces, a 3-piece bath, and a bedroom. There's also a workshop off the main floor that could easily become a second bedroom if you need it. The walk-out lower level adds a spacious bedroom, a 4-piece bath, laundry, a walk-in closet, plus a utility and heat pump room, and a patio door that leads right to the water. Outside, a side stone patio off the kitchen is ready for BBQs, and the lot is 75.3 x 78.8 ft, giving you room to breathe. Heat pump and electric with a wood option keep things cozy in winter, and there's an artesian well and septic system. Parking is sorted with a garage and carport, holding 4 vehicles. It's priced at $599,900, below the $783,950 median nearby, and property taxes are only $2,610 yearly. The place is carpeted throughout, has one fireplace, and the foundation is block and concrete. Solid bones, character, and that water view every day. Check out the photos for the exact vibe.

About 5890 Rice Lake Scenic Dr Drive, Hamilton Township — Property Score

Well Priced Great Location

Score: 65/100

Value

Priced 32.2% below area median of $885,000 based on 21 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

2 bedrooms - 1 fewer than similarly priced 3-bedroom homes nearby 48

2 bathrooms - typical for similarly priced properties 60

5,934 sqft lot - a standard lot for the area 65

Location

$70K median household income - near the Canadian average of $70K 65

80% of residents hold postsecondary credentials - a highly educated neighbourhood 88

90% homeownership rate - indicating a stable, owner-occupied community 93

54% of residents commute under 30 minutes - good commuting convenience 73

124/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 54 days on market 100

-72.9% median price change over 1 month - declining prices in the area 1

3.2 months of housing supply - 16 active listings with 5 sold last month (balanced) 75

Features

4-car garage - area average is 9.9 spots 95

Walk out, N/A basement 55

Heat Pump, Electric, Wood, Other 50

None 30

1 fireplace - a desirable feature for Canadian winters 75

Waterfront, View - premium features that add significant value 80

Investment

0.44% effective tax rate ($2,610/yr) - very low tax burden 87

10% renter population - primarily owner-occupied area 42

Quality

Condition

Listing

42 photos provided - below the area average of 43 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.