$1,199,000

For sale

48 Lake Avenue, Ramara - Single Family for Sale

48 Lake Avenue, Ramara, Ontario, L0K1B0

4 beds2 baths5 parking1,750 ft²50 × 190 ft (9,500 sq ft) lot sizeListed 48 days ago

Overview

This 4-bedroom, 2-bathroom home in Ramara is for sale offering roughly 1,750 sq ft of space. It has been on the market 48 days, fresher than the Ramara average of 79 days.

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Description

Welcome To This Beautiful Lakefront Cottage In Lagoon City, Offering Private, Direct Access ToLake Simcoe With A Coveted Western Exposure And Breathtaking Sunsets. Filled With Natural Light, The Home Features Expansive Windows And Multiple Rooms With Picturesque Water Views And Bright Light Throughout. A Large Covered Porch Extends The Living Space Outdoors, Providing The Perfect Place To Relax, Dine, And Enjoy The Lakefront Setting In Any Weather. The Shoreline Offers Shallow Waters And A Sandy Bottom, Ideal For Swimming, Wading, And EnjoyingThe Lake With Family And Friends Of All Ages. Thoughtfully Renovated With Modern Updates, This Move-In-Ready Cottage Blends Comfort, Style, And Lakeside Living, Perfect As A Year-Round Residence Or Weekend Retreat. (id:66096)

Property Details

MLS®: S13797644
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 5
Interior Size: 1,750 ft²
Lot Size: 50 × 190 ft (9,500 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: Crawl space
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Property Tax: $5,286.57/yr
Listed

Rooms

Ground level

Kitchen: 3.5 x 3.2 meters
Dining room: 3.7 x 3.7 meters
Bedroom 4: 3.6 x 3 meters
Living room: 6.3 x 4.6 meters
Bathroom: 3.4 x 3.2 meters
Bathroom: 2.8 x 1.6 meters

Second level

Primary Bedroom: 5.3 x 3.4 meters
Bedroom 2: 4.8 x 3.4 meters
Bedroom 3: 5.3 x 2.3 meters
Bathroom: 3.1 x 2.4 meters

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

Features

Appliances: Refrigerator, Dishwasher, Microwave, Cooktop, Hood Fan
Flooring: Hardwood, Ceramic
Foundation: Concrete
Exterior: Vinyl siding
Lot Features: Irregular lot size

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

48d

Ramara listings, avg age

79d

Price / ft²

$685

List price

$1.20M

Haho

This 4-bed single family in Ramara has been listed for 48 days, which is 31 days fresher than the city average of 79. Act while there is still low competition.

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Listed by CENTURY 21 ATRIA REALTY INC. · DANIEL ANTHONY OLIVEIRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $1,199,000, about 13.6× the local median household income of $88,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 166% 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)

$1,199,000· $685/ft²

For sale

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Full Cost Breakdown

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Down Payment7.91% · $94,900

Min 7.91%50%

Mortgage payment$6,121/mo

↳ CMHC premium ($44,164 capitalized)

Property tax (est.)$441/mo

Total monthly$6,562

Cash Needed to Close

Down payment (7.91%)$94,900

Land transfer tax$20,455

Est. closing costs$6,097

Total cash needed$121,452

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