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Featured
New4 days ago

39 Lake Avenue

Rural Ramara, Ramara

$656,000

Detached|Bungalow
3 | 2 | 6
About this home

Experience Waterfront Living in Lagoon City - Ontario's Venice of the North. Escape to this beautifully renovated 3-bedroom, 2-bathroom bungalow in the sought-after waterfront community of Lagoon City on the shores of Lake Simcoe. Thoughtfully renovated in 2023 with over $100,000 in upgrades, this move-in-ready home features a bright open-concept layout, granite countertops, high-end stainless steel appliances, propane furnace with Brand new central air. Enjoy deeded access to a sandy beach just across the street, along with boating, fishing, kayaking, swimming, kite surfing, and endless year-round outdoor recreation. Lagoon City offers a marina, yacht club, restaurants, parks, an active community center, and municipal services including city water, sewer, cable TV, and high-speed internet. Whether you're looking for a year-round residence, weekend retreat, or cottage getaway, this exceptional home offers the perfect balance of comfort, lifestyle, and waterfront living.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$2,613
Lot Size50 ft x 209 ft
mls© NumberS13626528
Listed ByPROPERTY.CA 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%
$3,358
Property tax
$218
Heat allowance
$150
Housing costs
$3,725 / mo

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

Down payment20% · $131,200
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,761 / mo
Cash down
$131,200

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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