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Price Change$570,000

2323 Lakeshore Drive

Rural Ramara, Ramara

$557,800

Detached|Bungalow-Raised
2 | 1 | 7
About this home

Location location location! This house is not just a building. This property shows the love of owners and the location is beautiful and very convenient. Raised bungalow located just less than 1 hr 20 min from Toronto with convenient route 404/48/12. No traffic. The lake Simcoe with clear water is across the house, free water supply available in summers. The beach is ONLY for residents and never packed. Suitable for launch of small waterised crafts. Marina for big boats is nearby in Lagoon city. Grocery stores , THortons 5 min drive. Orillia is only 20 min drive. The property has 3 buildings : main house, guest house / bunkey, garage/ green house/ storage. All re-shingled between the last 5-7 years. House is upgraded from a 60 amp to 200 amp panel, hard to find in a cottage. Laundry installation is possible in the house. The Municipal water is for free, pay for delivery to 2700 gallons underground tank as often as you need. Bunkey has a separate appr. 400 sq ft bedroom. The huge backyard with over 350+ ft depth allows to use it the way you can dream about. Secluded backyard from all sides offers the privacy.

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Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,081
Lot Size50 ft x 398 ft
mls© NumberS13425784
Listed ByRIGHT AT HOME REALTY

Listing History

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  • 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%
$2,855
Property tax
$173
Heat allowance
$150
Housing costs
$3,178 / mo

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

Down payment20% · $111,560
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,347 / mo
Cash down
$111,560

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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