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Property Type: Detached HouseOwnership: FreeholdNEW LISTING
1221 RIVERS EDGE Drive
West Montrose, ON N0B2V0
MLS® 40856598
7
Walk Score
39
Bike
$950,000
5 bed3 bath4 parking2,407 sqft
7
Walk Score
39
Bike
Open House
Saturday, October 31
10:00 AM – 12:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 1.5
- Lot size
- 0.5 acres
- Frontage
- 450 feet
A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Condo / maintenance fee
- $0/mo
- Annual property tax
- $5,306
Interior
- Basement
- Unfinished, Crawl space
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 8'3'' x 13'3'' |
| Bedroom | Second level | 9'11'' x 14'11'' |
| Bedroom | Second level | 12'7'' x 14'9'' |
| 3pc Bathroom | Second level | 9'3'' x 19'9'' |
| Bedroom | Second level | 12'1'' x 14'8'' |
| Utility room | Main level | 2'4'' x 3'0'' |
| Laundry room | Main level | 9'1'' x 13'0'' |
| 3pc Bathroom | Main level | 5'3'' x 12'3'' |
| Living room | Main level | 12'9'' x 14'8'' |
| Bedroom | Main level | 9'5'' x 10'9'' |
| Sunroom | Main level | 8'4'' x 11'11'' |
| 4pc Bathroom | Main level | 7'10'' x 15'11'' |
| Family room | Main level | 13'4'' x 15'9'' |
Description
Welcome to a truly special property offering approximately 350 feet of frontage on the Grand River, with beautiful views of the historic West Montrose Covered Bridge. Set on .8 of an acre, this home offers a rare opportunity to enjoy waterfront living surrounded by nature. Launch your kayak, canoe or paddleboard right from your own property using the private launch, then unwind on the covered deck overlooking the river and take in the view. With sunrooms at both the front and back of the home, there are plenty of places to slow down and enjoy the setting in every season. Inside, you’ll find 5 bedrooms and 3 bathrooms, with a flexible layout that could easily accommodate an inlaw suite or multigenerational living. A detached 1.5 car garage with attached carport provides plenty of parking and storage, while the additional barn offers even more space for hobbies, toys, a workshop or recreational gear. Properties offering this much waterfront, land and versatility with a home ready for you to move in are a rare find. Create your own nature oasis and discover the lifestyle that comes with calling the Grand River home. (id:63161)
Listing Information
- MLS®
- 40856598
- Data last synced
- October 28, 2026
Flux Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Flux Realty
MLS® Number: 40856598
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$395/sqft
Building average
—
No other active listings in this building
553 - St Jacobs/Floradale/W.Montrose average
$480/sqft
8 active listing(s)
Parking: 4 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
6.8 km away
Mortgage & Ownership Cost Calculator
Minimum required: 7.4% ($70,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$760,000.00
Periodic payment — Principal & Interest (monthly)$4,903.26
Additional monthly expenses (condo fees, tax, utilities, etc.)$562.17
Total monthly cost$5,465.43
Interest paid over 5-yr term$217,818.18
Balance at end of term$683,622.46
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$70,000
Stress test qualifying rate8.19%
Payment you must qualify for$6,823.29
Cash Needed at Closing
Minimum down payment$70,000
Estimated Land Transfer Tax (LTT)$15,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$86,975
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
