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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 65 days

    42 Penny Lane

    Rideau Lakes (North Crosby) Twp·Rideau Lakes, ON·K0G 1V0·Near HWY 42 TO LITTLE RIDEAU ROAD. FOLLOW TO PENNY LANE. 1ST HOUSE ON THE LEFT.

    • 6 beds
    Rideau Lakes real estate›X12245256
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Welcome to an extraordinary waterfront estate nestled on Upper Rideau Lake on the historic Rideau Canal System. Set on 4.17 acres of pristine forest, open meadow, and professionally landscaped grounds, this rare offering features over 350ft of private, natural shoreline with deep, crystal-clear water; perfect for swimming, diving, and dockside relaxation, with depths of over 12ft at the end of the dock. Take in sweeping panoramic views across the main channel toward the village of Westport, with no neighbours visible from the home or dock; offering complete peace and privacy. Coveted western exposure delivers spectacular sunsets, best enjoyed from the expansive covered deck or while relaxing by the water's edge. Off the covered deck, a fantastic three-season room provides a cozy, protected space to enjoy the sights and sounds of nature, rain or shine. The main home and private guest suites together offer 6 spacious bedrooms and 3 full bathrooms, ideal for hosting extended family, guests, or accommodating multigenerational living. The open-concept layout of the main residence features over 1,700sf of beautifully appointed main-floor living space. The chefs kitchen is designed for entertaining, with granite countertops, ample cabinetry, a gas cooktop, and a charming breakfast nook. The primary suite is a serene retreat with a renovated 3pc ensuite and custom closet cabinetry. The lakeview bunkie above the garage adds 900sf of additional space, complete with two bedrooms, ample room for guests, and a private deck with breathtaking views of the lake. Enjoy making your own maple syrup and creating unforgettable family memories in your very own charming sugar shack.Enjoy the bonus features that include a detached 3-car garage (2 bays insulated and heated), wood storage, studio, lush gardens, and walking trails. Just a quick boat ride to Westport; enjoy boutique shopping, restaurants, cozy cafés, and a vibrant live music scene. This is waterfront living at its finest!

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 24, 2025ListedCurrentFor sale$1,900,000 —X12245256This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      5
      Heating
      Forced Air
      Air conditioning
      Central Air
      Fireplaces
      3
      Water source
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 42 Penny Lane
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $9,334
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $767
    0.48% mill rate · ON
    The market

    How this home sits in the Rideau Lakes market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Rideau Lakes market right now

    Average sold price, days on market, and closed-transaction count for Rideau Lakes — sourced from MLS®.

    • Avg sold price
      $590,734
      Last 30 days
    • Median sold price
      $545,000
      Middle of the market
    • Days on market
      43 d
      Avg from list to close
    • Closed last 30d
      74
      MLS® transactions
    Full Rideau Lakes market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 42 Penny Lane — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 42 Penny Lane and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 42 Penny Lane listed for?

      42 Penny Lane is listed at $1,900,000 on the MLS® (listing X12245256). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 42 Penny Lane have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 3 baths
  2. 2000-2500 sqft
  3. Detached
  4. 2-4.99 ac lot
  5. Asking
    $1,900,000
    $0 / sqft · MLS® X12245256
    Chat Zara
  6. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $909,730
    $836,952Confidence range$982,509
    Asking vs estimate
    ↑↑well-above
    +$990,270
    (+108.9%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 6 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Rideau Lakes sell in about 43 days — this one has been listed 65 days.

    Avg sold price
    $590,734
    Median sold
    $545,000
    Avg days on market
    43
    Recently sold
    74
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    AI highlights by Zara
    • Take in sweeping panoramic views across the main channel toward the village of Westport, with no neighbours visible from the home or dock; offering complete peace and privacy.
    • Off the covered deck, a fantastic three-season room provides a cozy, protected space to enjoy the sights and sounds of nature, rain or shine.
    • The primary suite is a serene retreat with a renovated 3pc ensuite and custom closet cabinetry.
    • The lakeview bunkie above the garage adds 900sf of additional space, complete with two bedrooms, ample room for guests, and a private deck with breathtaking views of the lake.
    Ask Zara a follow-up
    Well
    Sewer
    Septic
  7. Parking & garage

    4
    Garage
    Detached
    Garage spaces
    3
    Parking spaces
    23
    Driveway
    Private
  8. Interior

    5
    Basement
    Unfinished, Crawl Space
    Family room
    N
    Kitchens
    1
    Total rooms
    16
    Laundry level
    Main Level
  9. Exterior & construction

    6
    Exterior
    Wood
    Roof
    Metal
    Foundation
    Poured Concrete
    View
    Lake
    Waterfront
    Y
    Pool
    None
  10. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    Bungaloft
    Property class
    Detached
  11. Room-by-room · 15 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Other level

    15 rooms
    • Kitchen
      16.4 × 14.9 ft
    • Bedroom 2
      10.0 × 15.6 ft
    • Bathroom
      3 Pc Ensuite
      15.6 × 14.1 ft
    • Laundry
      11.8 × 8.2 ft
    • Loft
      15.9 × 19.4 ft
    • Bathroom
      4 Pc Bath
      10.1 × 10.3 ft
    • Dining Room
      19.0 × 30.4 ft
    • Bedroom 5
      21.3 × 8.2 ft
    • Bedroom
      9.8 × 11.8 ft
    • Living Room
      19.0 × 30.4 ft
    • Primary Bedroom
      15.1 × 15.5 ft
    • Bedroom 3
      24.7 × 11.8 ft
    • Bedroom 4
      9.3 × 5.3 ft
    • Foyer
      7.4 × 6.0 ft
    • Other
      8.2 × 8.2 ft
    Combined estimate
    $10,101
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $9,334
    /mo
    based on the purchase price of $1,900,000
    $380,000 cash
    $1,520,000 financed
    $1,280,239 total interest
    Monthly payment$9,334/ month
    Principal54%$1,520,000
    Interest46%$1,280,239

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

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Rideau Lakes

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 31 Colborne Street
      Sold
      Sign in for price
      31 Colborne Street
      Detached
    • 14 Birch Lane
      Sold
      Sign in for price
      14 Birch Lane
      Detached
    • 4788B Briton Houghton Bay Road
      Sold
      Sign in for price
      4788B Briton Houghton Bay Road
      Detached
    • 77 Diane Drive
      Sold
      Sign in for price
      77 Diane Drive
      Detached
    • 17 Drummond Street
      Sold
      Sign in for price
      17 Drummond Street
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    42 Penny LaneThis home6 / 320,002,500$1,900,000ask———
    31 Colborne Street6 / 12,000—
    14 Birch Lane5 / 31,500—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Rideau Lakes

    Active listings within ±20% of this asking price.

    • 551 LITTLE RIDEAU LAKE Road
      $2,199,999
      551 LITTLE RIDEAU LAKE Road
      Detached 14 7
    • 398 Coons Road
      $1,634,000
      398 Coons Road
      Detached 5 3
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  12. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  13. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  14. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  15. Public listing courtesy of ROYAL LEPAGE TEAM REALTY · displayed on Summitly per MLS® data-share rules

    42 Penny Lane is a 6-bedroom, 3-bath, 2000-2500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  16. When was 42 Penny Lane built?

    The year built for 42 Penny Lane isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  17. What is the property tax for 42 Penny Lane?

    The 'Property tax' tab in the History section shows the most recent annual tax for 42 Penny Lane plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  18. How much would the monthly mortgage be on 42 Penny Lane?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,900,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  19. Has 42 Penny Lane been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 42 Penny Lane with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  20. What neighbourhood is 42 Penny Lane in?

    42 Penny Lane is in Rideau Lakes (North Crosby) Twp, Rideau Lakes. The 'Neighbourhood' section below links to the live Rideau Lakes real estate hub with average sold price, days on market, and current inventory.

  21. Is Rideau Lakes a good place to live?

    Rideau Lakes is one of ON's actively-tracked Summitly markets. The full Rideau Lakes real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  22. 4788B Briton Houghton Bay Road
    5 / 5
    3,000
    —
    77 Diane Drive5 / 21,500—
    17 Drummond Street5 / 33,500—