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Listed 18 days ago

2392 Lakeshore Drive

Rural Ramara, Ramara

$1,499,000

Detached|Bungalow
3 | 1 | 7
About this home

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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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$4,967
Lot Size100.95 ft x 198.77 ft
mls© NumberS13737880
Listed BySUTTON 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.

Down payment20% · $299,800
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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