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Rural Ramara, Ramara
$839,000
Waterfront bungalow in Lagoon City! Dock your boat on the private 145ft shorewall. Minutes by boat to Lake Simcoe & private sandy beaches. Situated on Turtle Lagoon at the end of a quiet cul-de-sac. Gourmet kitchen with a Napolean fireplace, beverage fridge & heated floor. Open concept, vaulted ceilings and sunken family room. 2 propane fireplaces, hardwood, custom built-in display cabinet. 2 full bathrooms with newer large showers. 2 patio walkouts to the backyard overlooking the canal. Gorgeous perennial gardens in the front and back & armor stone, mature trees & decking. Garage has an EV Charger. Enjoy easy access to two private resident beaches on Lake Simcoe, plus a full-service marina, restaurants, and an active community centre offering fitness classes, yoga, line dancing, euchre, and social clubs. Residents also enjoy a yacht club, racquet club (tennis & pickleball), and extensive walking, biking, and ATV trails. All municipal services and high-speed internet is available - combining waterfront living with modern convenience. Prime Location:20 minutes to Casino Rama Resort for world-class entertainment & dining, 30 minutes to Orillia for big box stores, waterfront parks, dining & shopping. Approximately 1.5 hours to the GTA.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 31-50 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,835 |
| Lot Size | 145 ft x 157 ft |
| mls© Number | S13662638 |
| Listed By | FOREST HILL REAL ESTATE 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%
- $4,294
- Property tax
- $403
- Heat allowance
- $150
- Housing costs
- $4,847 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$149,000
gross annual household income
- Payment at 4%
- $3,531 / mo
- Cash down
- $167,800
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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