$1,499,000

For sale

2392 Lakeshore Drive, Ramara - Single Family for Sale

2392 Lakeshore Drive, Ramara, Ontario, L0K1B0

3 beds1 bath7 parking1,300 ft²101 × 199 ft (20,079 sq ft) lot sizeListed 63 days ago

Overview

This 3-bedroom, 1-bathroom home in Ramara is for sale offering roughly 1,300 sq ft of space. It has been on the market 63 days, fresher than the Ramara average of 79 days.

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Description

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! (id:66096)

Property Details

MLS®: S13737880
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 7
Interior Size: 1,300 ft²
Lot Size: 101 × 199 ft (20,079 sq ft)
Frontage: 101 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric, Wood, Other
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Living room: 5.7 x 4.25 meters
Kitchen: 5.87 x 6.27 meters
Primary Bedroom: 4.52 x 3.3 meters
Bedroom 2: 5.16 x 2.97 meters
Bedroom 3: 4.88 x 3.23 meters

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

Features

Appliances: Water purifier, Oven - Built-In, Water Treatment, Water Heater
Flooring: Hardwood, Ceramic
Exterior: Vinyl siding
Lot Features: Cul-de-sac, Wooded area, Carpet Free, Guest Suite

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

63d

Ramara listings, avg age

79d

Price / ft²

$1,153

List price

$1.50M

Haho

This 3-bed single family in Ramara has been listed for 63 days, which is 16 days fresher than the city average of 79. Act while there is still low competition.

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Listed by SUTTON GROUP-ADMIRAL REALTY INC. · OLEG CHINGUIREI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $1,499,000, about 17.0× the local median household income of $88,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 233% above the area median.

Median household income: $88,000
Population: 38,386
Median age: 50.8
Owner / renter: 90% / 11%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0K)

$1,499,000· $1,153/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,900.00

Min 8.33%50%

Mortgage payment$7,618/mo

↳ CMHC premium ($54,964 capitalized)

Property tax (est.)$414/mo

Total monthly$8,032

Cash Needed to Close

Down payment (8.33%)$124,900

Land transfer tax$26,455

Est. closing costs$6,997

Total cash needed$158,352

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