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Listed 29 days ago

9 Ridge Avenue

Rural Ramara, Ramara

$399,649

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

Charming & Cozy Two Bedroom Home or Recreational Retreat Just Steps to Sandy Beach on Lake Simcoe Offering Great Boating and Fishing. This Affordable Property Offers The Perfect Opportunity for Year Round Living or Investment Property Located in One of Ramara's Desirable Beachside Community. Enjoy Bright Functional Kitchen With Walkout to Sunny Deck, Storage Loft with Fold Down Stairs, Two Wood Stoves, Municipal Water and Easy Access to Swimming, Kayaking, Paddleboarding, Nearby Waterfront Boat Launch and Spectacular Sunsets. The Area is Well Known for it's Excellent Recreational Opportunities Throughout Every Season. Enjoy Nearby Restaurants, Full Service Marina, Tennis/Pickleball Courts and World Class Entertainment at Casino Rama. Convenient Access to Brechin/Orillia and The GTA. Whether You're Searching For Your First Cottage, a Peaceful Retreat or Affordable Home Near the Water, This Home Offers Good Value In A Highly Desirable Lake Simcoe Location. This Friendly Lakeside Community Provides An Exceptional Balance of Recreational and Peaceful Living.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$1,442
Lot Size50 ft x 100 ft
mls© NumberS13528118
Listed ByCENTURY 21 B.J. ROTH REALTY LTD.

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%
$2,046
Property tax
$120
Heat allowance
$150
Housing costs
$2,316 / mo

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

Down payment20% · $79,930
25-yr amortization

Income needed

$71,000

gross annual household income

Payment at 4%
$1,682 / mo
Cash down
$79,930

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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