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Listed 26 days ago

43 Lake Avenue

Rural Ramara, Ramara

$599,888

Detached|Bungalow
3 | 2 | 3
About this home

Welcome to Lagoon City, located on the eastern shore of Lake Simcoe. Live in a waterfront community without the waterfront price. This bungalow offers deeded access to Lake Simcoe beaches! Walk to Lake Simcoe private & public sandy beaches. Enjoy easy access to a full-service marina ($20 to launch your boat for the day). Enjoy Lake Simcoe views from your front deck. This home offers 2 patio walkouts to the backyard deck where families can enjoy games and relaxation in a big partially fenced backyard. Local 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.

Extras

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Got questions?

Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,139
Lot Size50 ft x 209.8 ft
mls© NumberS13710170
Listed ByFOREST 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%
$3,070
Property tax
$178
Heat allowance
$150
Housing costs
$3,399 / mo

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

Down payment20% · $119,978
25-yr amortization

Income needed

$105,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,978

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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