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Listed 5 months ago

1297 Ramara Rd 47 Road

Rural Ramara, Ramara

$759,050

Detached|Bungalow
2 | 1 | 9
About this home

LAKEFRONT! Charming Bungalow located along the Shorelines of Lake Simcoe on a generous 82X208ft lot w/ private deeded access to the lake including private docks mins to top rated beaches, trails, schools, Hwy 12 & much more! Grand doublewide driveway, no sidewalk, provides ample parking for cars, RVs, boats & other recreational vehicles. Enter through the enclosed porch sunroom ideal for morning coffee or evening drinks offering gorgeous views of the lake. Step into the oversized living comb w/ dining room presenting an open-concept lay-out w/ tall cathedral ceilings & cozy fireplace O/L the lake. Entertainers Eat -in kitchen upgraded w/ SS appliances, custom tall cabinetry, stone counters, backsplash, & breakfast bar. Venture into the family room w/ French door WO to rear deck. Stroll past the kitchen into two large bedrooms & 1-3pc resort style bath. Primary bedroom w/ WI closet & ensuite laundry space (can be converted to ensuite bath w/ stacked laundry). Expansive backyard surrounded by mature trees provides privacy ideal for summer enjoyment plenty of opportunity to add in a pool or Hot tub. Do not miss the chance to purchase this move-in ready bungalow on the water!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,085
Lot Size82.74 ft x 208.23 ft
mls© NumberS13126996
Listed ByCMI REAL ESTATE INC.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,885
Property tax
$257
Heat allowance
$150
Housing costs
$4,292 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $151,810
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$3,194 / mo
Cash down
$151,810

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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