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Listed 11 days ago

29 Ridge Avenue

Brechin, Ramara

$574,649

Detached|Bungalow
2 | 1 | 2
About this home

Waterfront Living in Beautiful Lagoon City. Welcome To 29 Ridge Avenue, a Waterfront Affordable Opportunity In The Heart of Lagoon City. Set On A Scenic Canal With Direct Boating Access To Lake Simcoe, This Four-Season Home Offers The Perfect Blend of Relaxation and Recreation. Enjoy Your Private Dock, Beautiful Water View and Easy Access to Boating, Fishing, Kayaking and Paddleboarding Right From Your Backyard. The Spacious Property Has Room To Grow With 3 Lots and Provides Plenty of Room for Outdoor Entertaining, While The Quiet Street Offers Privacy And a True Cottage Atmosphere. Just 90 Minutes From the GTA and 20 Minutes to Orillia. Residents Enjoy Access to Private Beaches/Parks, a Full Service Marina, Tennis & Pickleball Courts and Nearby Golf Courses Making This An Ideal Year Round Residence or Weekend Retreat. Enjoy Nearby Restaurants and Great World Class Entertainment at Casino Rama. Start Living Your New Waterfront Lifestyle Today.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$3,022
Lot Size72 ft x 183 ft
mls© NumberS13602300
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%
$2,941
Property tax
$252
Heat allowance
$150
Housing costs
$3,343 / mo

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

Down payment20% · $114,930
25-yr amortization

Income needed

$103,000

gross annual household income

Payment at 4%
$2,418 / mo
Cash down
$114,930

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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