$999,000

For sale

7779 Somerset Drive, Ramara - Single Family for Sale

7779 Somerset Drive, Ramara, Ontario, L0K2B0

7 beds4 baths8 parking2,750 ft²95 × 187 ft (17,775 sq ft) lot sizeListed 13 days ago

Overview

This 7-bedroom, 4-bathroom home in Ramara is for sale offering roughly 2,750 sq ft of space. It has been on the market 13 days, fresher than the Ramara average of 79 days.

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Description

Escape to waterfront living at 7779 Somerset Drive! Offering nearly 96 feet of waterfront, this spacious four-season retreat features 7 bedrooms, 4 bathrooms and large windows that fill the home with natural light. Two separate living units provide a versatile layout for hosting guests or enjoying time together with added privacy. The open-concept design creates a welcoming setting for entertaining, while the fireplace adds warmth and charm for relaxing evenings. Step outside to enjoy morning coffee by the water, summer gatherings and peaceful views from your own backyard. A detached 2-car garage and ample parking complete the package. Located just south of Washago, close to village shops, cafés, restaurants and Washago Centennial Park's beach and boat launch. Enjoy convenient highway access and an approximately 10-minute drive to Orillia for additional shopping, dining and entertainment. A wonderful opportunity to create lasting memories at your own waterfront getaway or enjoy the cottage lifestyle year-round! (id:66096)

Property Details

MLS®: S14104986
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 7 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 8
Interior Size: 2,750 ft²
Lot Size: 95 × 187 ft (17,775 sq ft)
Frontage: 95 ft
Storeys: 2
Basement: None
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Features

Appliances: Window Coverings
Foundation: Concrete
Exterior: Vinyl siding
Lot Features: Cul-de-sac, Level lot

Services

Water: Municipal water
Sewer: Septic System
Utilities: Telephone, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Ramara listings, avg age

79d

Price / ft²

$363

List price

$999K

Haho

This 7-bed single family in Ramara has been listed for 13 days, which is 66 days fresher than the city average of 79. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · ALYKHAN NATHOO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $999,000, about 11.4× the local median household income of $88,000.

Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 122% 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)

$999,000· $363/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,900

Min 7.50%50%

Mortgage payment$5,123/mo

↳ CMHC premium ($36,964 capitalized)

Property tax (est.)$362/mo

Total monthly$5,485

Cash Needed to Close

Down payment (7.50%)$74,900

Land transfer tax$16,455

Est. closing costs$5,497

Total cash needed$96,852

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