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Listed 3 months ago

31 Paradise Boulevard

Rural Ramara, Ramara

$1,999,999

Detached|2 1/2 Storey
3 | 3 | 19
About this home

Stunning detached home offering nearly 4,200 sq ft of living space, backing onto a canal with access to Lake Simcoe-perfect for year-round living or a cottage-style retreat. Features a chef's kitchen with side-by-side stainless steel appliances and a bright great room with a dramatic wall of windows. Ideal for a home business with a large garage and connected office.Enjoy the wrap-around elevated deck with hot tub and serene water views. Offers 3 bedrooms, 3 bathrooms, and 19 parking spaces. A must see!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2 1/2 Storey
Approx. Age16-30
Size2000-2500 sq. ft.
Property Tax$7,000
Lot Size98.82 ft x 415.16 ft
mls© NumberS13068012
Listed ByRE/MAX PREMIER INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,237
Property tax
$583
Heat allowance
$150
Housing costs
$10,970 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $400,000
25-yr amortization

Income needed

$338,000

gross annual household income

Payment at 4%
$8,416 / mo
Cash down
$400,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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