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Rural Ramara, Ramara
$1,499,000
Rare to find a Premium - Double size waterfront lot in prestigious, calm and peaceful communities with countless possibilities for high profit investments or just enjoy beautiful shallow-entry west-facing waterfront on the shores of Lake Simcoe, offering stunning sunsets, mature trees, and exceptional privacy! Located a short distance from both Beaverton and Orillia and just 60 minutes from GTA! Classic, beach style, nicely upgraded and in great shape, this house features a bright, open-concept layout with 3 bedrooms and full bathroom, open kitchen area, walkout to cosy deck, huge grass loan for all kind of activities and guest house with lake view!Large , custom built windows fill the space with natural light, enhancing the relaxed, airy waterfront feel. Set on a generous 100 x 200 ft lot, this property delivers strong value and long-term potential, ideal for expansion, renovation, custom build mansion as well as through possible lot severance into two separate projects with future sale or cash flow source via short/long term waterfront cottage renting, B&B. Do not miss this rare opportunity!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 31-50 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,967 |
| Lot Size | 100.95 ft x 198.77 ft |
| mls© Number | S13737880 |
| Listed By | SUTTON GROUP-ADMIRAL REALTY 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%
- $7,673
- Property tax
- $414
- Heat allowance
- $150
- Housing costs
- $8,236 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$253,000
gross annual household income
- Payment at 4%
- $6,308 / mo
- Cash down
- $299,800
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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