

43 Ridge Avenue
Rural Ramara, Ramara
$425,000
Welcome to Lagoon City-a unique community featuring a canal system and direct access to Lake Simcoe. Situated on a picturesque waterfront lot, this property offers a rare opportunity to create an ideal home for full-time living or a weekend retreat.Located within walking distance to the local public school, just 15 minutes to Orillia, and only minutes to Lake Simcoe public beaches, marinas, and OFSC trails-this home offers the perfect balance of convenience and lifestyle.It is an excellent choice for those seeking a property with high investment potential or dreaming of building a modern waterfront home in one of Ontario's most desirable lakeside communities.The house is currently undergoing renovation and is ready for a major overhaul. Interior walls have been stripped down to the framework, allowing the new owner to implement their own design and a modern layout without incurring additional demolition costs.The property will be sold As Is. Don't miss the chance to purchase a unique property and make your dream of waterfront living a reality.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,304 |
| Lot Size | 50 ft x 200 ft |
| mls© Number | S13516746 |
| Listed By | HOMELIFE/BAYVIEW 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%
- $2,175
- Property tax
- $275
- Heat allowance
- $150
- Housing costs
- $2,601 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$80,000
gross annual household income
- Payment at 4%
- $1,788 / mo
- Cash down
- $85,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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