$564,888

$599,888For salePrice drop↓ $35,000 (6%)

43 Lake Avenue, Ramara - Single Family for Sale

43 Lake Avenue, Ramara, Ontario, L0K1B0

3 beds2 baths3 parking900 ft²50 × 210 ft (10,490 sq ft) lot sizeListed 72 days ago

Overview

This 3-bedroom, 2-bathroom home in Ramara is for sale offering roughly 900 sq ft of space. Listed at $564,888, it is attractively priced about 29% below the $799,800 median asking price in Ramara. It has been on the market 72 days, fresher than the Ramara average of 79 days.

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Description

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. (id:66096)

Property Details

MLS®: S13710170
Property Type: Single Family
Zoning: SR
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 50 × 210 ft (10,490 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Baseboard heaters, Forced air, Electric, Propane
Cooling: Central air conditioning
Garage: No Garage
Ownership

Rooms

Ground level

Bathroom: 0.94 x 2.5 meters
Bedroom: 3.07 x 3.63 meters
Bedroom 2: 3.08 x 3.41 meters
Bedroom 3: 3.08 x 3.63 meters
Kitchen: 3.11 x 3.6 meters
Living room: 3.23 x 5.76 meters
Dining room: 2.96 x 3.02 meters
Laundry room: 3.11 x 0.95 meters
Bathroom: 1.25 x 2.74 meters
Foyer: 2.44 x 2.53 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, Water meter, Stove, Dryer, Window Coverings
Foundation: Block, Concrete
Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

72d

Ramara listings, avg age

79d

Price / ft²

$628

List price

$565K

Haho

This 3-bed single family in Ramara has been listed for 72 days, which is 7 days fresher than the city average of 79. Act while there is still low competition.

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Listed by FOREST HILL REAL ESTATE INC. · KAREN BERENDS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $564,888, about 6.4× the local median household income of $88,000.

Carrying it typically needs a household income of about $110,342 (20% down, 25-yr amortization, stress-tested) — roughly 25% 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)

$564,888· $628/ft²

For sale

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Full Cost Breakdown

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Down Payment5.57% · $31,488.80

Min 5.57%50%

Mortgage payment$2,957/mo

↳ CMHC premium ($21,336 capitalized)

Property tax (est.)$178/mo

Total monthly$3,136

Cash Needed to Close

Down payment (5.57%)$31,489

Land transfer tax$7,773

Est. closing costs$4,195

Total cash needed$43,457

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