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Price Change$1,199,000

48 Ridge Avenue

Rural Ramara, Ramara

$1,065,000

Detached|Bungalow
3 | 3 | 7
About this home

The minute you step inside this , custom built bungalow (2017) you will be impressed by the modern open concept where the living room, dining area and custom kitchen blend seamlessly together. Maple flooring flows through the open space into the 3 bedrooms. The dream kitchen has quartz counters, maple cabinets, premium appliances, all the bells and whistles. Here the patio door allows access to the massive elevated deck, all with panoramic water views. The main floor boosts over 2000 sq ft, 9 ft smooth ceilings, Napoleon gas fireplace, and premium trim, all contributing to the look of perfect symmetry and craftsmanship. The primary bedroom has water views, a walkout to the deck, walk in closet and a luxurious ensuite. The main bath has quartz counters and a sparkling jacuzzi tub. The main floor laundry has a convenient side door entrance . This well designed floor plan makes the upper floor an easy to navigate luxurious space for all stages of life. Downstairs you have another approx. 2000 sq ft. space that has smooth ceilings and premium finishes like upstairs. You have room for all your games/billiards, home theatre and exercise equipment. The custom wet bar and wood stove is perfect for entertaining . Adding more value is a walk up separate entrance . This offers potential for multigenerational living or an income producing basement suite. The waterfront features a new Tiki Hut, PVC dock and a private shore wall to moor your watercraft with easy access to Lake Simcoe and beyond. This gem was built by the original owner/ career contractor in accordance and compliance with stamped architectural drawings adding more value. It sits on a quiet crescent that has been experiencing revitalization with other custom builds coming. Truly an investment that will bring worry free home ownership well into the future. Nothing to do! Just move in! Book your showing today, you will say "wow" the minute you step inside!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. Age6-15
Size2000-2500 sq. ft.
Property Tax$6,927
Lot Size50 ft x 229 ft
mls© NumberS13537682
Listed ByRIGHT 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%
$5,451
Property tax
$577
Heat allowance
$150
Housing costs
$6,178 / mo

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

Down payment20% · $213,000
25-yr amortization

Income needed

$190,000

gross annual household income

Payment at 4%
$4,482 / mo
Cash down
$213,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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