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Rural Ramara, Ramara
$557,800
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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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,081 |
| Lot Size | 50 ft x 398 ft |
| mls© Number | S13425784 |
| Listed By | RIGHT AT HOME REALTY |
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%
- $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.
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 checkInvestment Analysis
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