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Listed 2 months ago

48 Lake Avenue

Rural Ramara, Ramara

$1,295,000

Detached|2-Storey
4 | 2 | 5
About this home

Welcome To This Beautiful Lakefront Cottage In Lagoon City, Offering Private, Direct Access To Lake Simcoe With A Coveted Western Exposure And Breathtaking Sunsets. Filled With Natural Light, The Home Features Expansive Windows And Multiple Rooms With Picturesque Water Views And Bright Light Throughout. A Large Covered Porch Extends The Living Space Outdoors, Providing The Perfect Place To Relax, Dine, And Enjoy The Lakefront Setting In Any Weather. The Shoreline Offers Shallow Waters And A Sandy Bottom, Ideal For Swimming, Wading, And Enjoying The Lake With Family And Friends Of All Ages. Thoughtfully Renovated With Modern Updates, This Move-In-Ready Cottage Blends Comfort, Style, And Lakeside Living, Perfect As A Year-Round Residence Or Weekend Retreat.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,287
Lot Size50 ft x 190 ft
mls© NumberS13447864
Listed ByCENTURY 21 ATRIA REALTY 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%
$6,628
Property tax
$441
Heat allowance
$150
Housing costs
$7,219 / mo

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

Down payment20% · $259,000
25-yr amortization

Income needed

$222,000

gross annual household income

Payment at 4%
$5,450 / mo
Cash down
$259,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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