DetachedListed 5 days ago

1 Butterfield Island, Rideau Lakes

Name: 1 Butterfield Island
SKU: X14091884
Price: 550000 CAD
Availability: InStock

Rideau Lakes, ON · · MLS® X14091884Updated October 18, 2026

$550,000Est. $2,702/mo mortgage

Bedrooms: 2
Bathrooms: 1
Living space: 700–1100sq ft

Type Detached
Lot 7.495 acres
Basement Crawl Space

What you should know

1 Butterfield Island is a 2-bedroom, 1-bathroom detached home in Rideau Lakes, listed for $550,000. It has 700-1100 sq ft of living space.

To the east, enjoy access to the public dock and your own shared private piece of mainland for parking and docking.
To the west, breathtaking sunsets, stunning lake views and gradual, rocky, weed-free waterfront create the perfect setting for swimming and relaxing.
The adorable, sturdy log cottage offers an open-concept kitchen and living area with a cozy upper loft featuring 2 beds.

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2 Bed, 1 Bath Detached Home in Rideau Lakes

About 1 Butterfield Island

360 Degrees of Waterfront Paradise! If you've ever dreamed of owning your own private island, this is your chance! Welcome to Butterfield Island, a spectacular 9.4 acre retreat offering privacy, natural beauty and endless potential. Just 10 minutes beyond Smiths Falls and a scenic 5-minute canoe ride from the mainland, this is the ultimate waterfront escape with the luxury of hydro! To the east, enjoy access to the public dock and your own shared private piece of mainland for parking and docking. To the west, breathtaking sunsets, stunning lake views and gradual, rocky, weed-free waterfront create the perfect setting for swimming and relaxing. The island features multiple cottages and outbuildings, each with its own charm. The adorable, sturdy log cottage offers an open-concept kitchen and living area with a cozy upper loft featuring 2 beds. Perched near the island's highest point, the yellow cottage captures incredible lake views through wall-to-wall windows. While some repairs are needed, it features a kitchen, woodstove, bedroom and 3-piece bathroom. A third cottage would need renovations or demolishing. A steel Quonset building provides excellent year-round storage for boats, tools and equipment, while a tucked-away outhouse is ideal for guests and camping weekends. With cottages thoughtfully spaced apart, there's plenty of room for everyone to enjoy their own private escape, along with exciting potential for rental opportunities. Explore over 4 acres of beautiful forest and trails, featuring a stunning mix of elevated rocky outcrops, dense woodland and peaceful clearings. Wildlife is abundant, with frequent sightings of bald eagles and loons. All furniture and contents included with the exception of a few items. Whether you envision a private family retreat, a gathering place for generations or a unique waterfront investment, Butterfield Island is a rare opportunity to own something truly special. Nine acres, endless shoreline and unforgettable sunsets.

2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $786 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 1 Butterfield Island

Every detail from the listing, in one place.

Type: Detached
Style: 1 1/2 Storey
Living space: 700-1100 sq ftas stated on the listing
Basement: Crawl Space

Features & systems

Parking & garage

Parking spaces: 0

Interior

Basement: Crawl Space

Lot & land

Lot size (sqft): 409146.6

Listing & possession

Property style: 1 1/2 Storey
Property class: Detached

1 Butterfield Island Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 17, 2026For saleListedThis listingMLS® X14091884$550,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 1 Butterfield Island Compares to the Rideau Lakes Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 133 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Rideau Lakes market, last 90 days

Median sold price: $465,000
Average sold price: $531,622
Average days on market: 61
Homes sold: 85

Closed sales on the TRREB MLS®.

Full Rideau Lakes market report

Recently sold nearby in Rideau Lakes

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home1 Butterfield Island 2 bd · 1 ba · 700 sqft	$550,000asking	$786	—	—
3826 Big Rideau Lake Road 3 bd · 1 ba · 700 sqft
888 Townline Road 4 bd · 1 ba · 2,500 sqft
180 Pilgrim Lane 3 bd · 1 ba · 1,100 sqft
42 Main Street 3 bd · 2 ba · 1,500 sqft
66 SCOTT Lane 3 bd · 1 ba · 700 sqft
9 Sparrow Lane 3 bd · 1 ba · 700 sqft

3826 Big Rideau Lake Road
3 bd · 1 ba · 700 sqft
888 Townline Road
4 bd · 1 ba · 2,500 sqft
180 Pilgrim Lane
3 bd · 1 ba · 1,100 sqft
42 Main Street
3 bd · 2 ba · 1,500 sqft
66 SCOTT Lane
3 bd · 1 ba · 700 sqft
9 Sparrow Lane
3 bd · 1 ba · 700 sqft

Living in Rideau Lakes: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Costs, Mortgage & Rental Return for 1 Butterfield Island

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,702; 20% down · 25 years · 5.5% assumed
Property tax: $303; 0.66% mill rate · ON
Total per month: $3,005; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,702

/mo

based on the purchase price of $550,000

Down payment20%

$110,000 cash

Amortization25 yr

$440,000 financed

Rate5.50%

$370,595 total interest

Principal54%$440,000

Interest46%$370,595

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Listing brokerage: REAL BROKER ONTARIO LTD., BrokerageMLS® X14091884 · Listing data last updated October 18, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Oct 16· $786/sq ft

Estimated monthly mortgage$2,702/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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