$495,000

$519,000For salePrice drop↓ $24,000 (5%)

1108 Monck Road, Ramara - Single Family for Sale

1108 Monck Road, Ramara, Ontario, L3V0P6

3 beds1 bath16 parking900 ft²108 × 611 ft (1.51 acres) lot sizeListed 23 days ago

Overview

This 3-bedroom, 1-bathroom home in Ramara is for sale offering roughly 900 sq ft of space. Listed at $495,000, it is attractively priced about 38% below the $799,800 median asking price in Ramara. It has been on the market 23 days, fresher than the Ramara average of 79 days.

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Description

Discover the potential in this 3-bedroom detached bungalow, built in 1988 and set back from the road on a private, treed lot. Ideal for buyers looking to renovate and add their own personal touch, the home features a kitchen open to the dining room, a spacious living room, a full 4-piece bathroom, and convenient main-floor laundry with a walkout to a large detached garage. Laminate and linoleum flooring add practical touches throughout, while the full-height basement, partially finished with drywall, offers additional space and endless possibilities. The property is equipped with a drilled well, a septic system, forced-air propane heating, a new furnace (2025), and a metal roof. With its private setting and plenty of potential, this is a great opportunity to create a home tailored to your vision. (id:66096)

Property Details

MLS®: S14010132
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 16
Interior Size: 900 ft²
Lot Size: 108 × 611 ft (1.51 acres)
Frontage: 108 ft
Storeys: 1
Style: Raised bungalow
Basement: Partially finished, Full, Walk-up, N/A, N/A
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $2,376.43/yr

Rooms

Main level

Kitchen: 3.38 x 2.77 meters
Dining room: 3.46 x 2.32 meters
Living room: 5.51 x 3.46 meters
Bedroom: 3.46 x 3.51 meters
Bedroom 2: 3.51 x 2.81 meters
Bedroom 3: 3.47 x 2.75 meters
Bathroom: 2.49 x 1.53 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Storage Shed
Foundation: Block
Exterior: Steel
Lot Features: Level

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Ramara listings, avg age

79d

Price / ft²

$550

List price

$495K

Haho

This 3-bed single family in Ramara has been listed for 23 days, which is 56 days fresher than the city average of 79. Act while there is still low competition.

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Listed by RE/MAX RIGHT MOVE · DANIEL STOUTT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $495,000, about 6.4× the local median household income of $77,500.

Carrying it typically needs a household income of about $96,691 (20% down, 25-yr amortization, stress-tested) — roughly 25% above the area median.

Median household income: $77,500
Population: 48,651
Median age: 47.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3V)

$495,000· $550/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,750

Min 5%50%

Mortgage payment$2,607/mo

↳ CMHC premium ($18,810 capitalized)

Property tax (est.)$198/mo

Total monthly$2,805

Cash Needed to Close

Down payment (5%)$24,750

Land transfer tax$6,375

Est. closing costs$3,985

Total cash needed$35,110

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