138 Wellington Street, Ramara, ON

$1,380,000
MLS#:S11891969
5 beds
5 baths
3500-5000 sqft
15.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 28, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Atherley. Expertly crafted featuring premium stone and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,380,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 5 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 75.46 x 340.96 ft lot
  • Features a finished with walk-out, walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 15.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: ERV/HRV, In-Law Capability, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 138 Wellington, your dream retreat! This magnificent 5-bedroom, 4.5 bathroom home boasts over 4,100 square feet of luxurious living space, perfectly situated on a sprawling 1.47-acre lot steps from the lake, and minutes to town. Step inside to find a spacious and inviting layout with 18ft ceilings opening up bright formal living room and elegant dining area and home office perfect for entertaining guests. The light pours in from the east to your spacious kitchen equipped with modern appliances, ample counter space, and a cozy breakfast nook that overlooks your newly constructed beautiful outdoor oasis. Retreat back to your main floor sprawling primary suite, which offers a completely renovated spa-like ensuite featuring custom dual vanities, soaker tub, separate walk-in shower and a walk-through closet with space for everything. The second floor offers an ideal set-up with two additional bedrooms, both complete with walk-in closets and a 4pc bath so everyone has their own space. Access to above the double garage could be easily converted to a 650sqft flex space. The professionally designed dream backyard is your own personal paradise. Enjoy sunny afternoons lounging by the sparkling pool, practice your putting skills on the professionally installed putting green, or unwind in the beautifully landscaped outdoor living area ideal for gatherings or peaceful evenings spent under the stars. Additional features include a dedicated home office, a spacious laundry room, 1200sqft of additional unfinished space, and plenty of storage options throughout. Natural gas and high-speed internet make for the perfect combination of city living, with rural taxes. This unique property combines elegance, comfort, and recreational amenities, making it the perfect place to call home.

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Property Summary

This detached home located at 138 Wellington Street, Ramara is currently for sale and has been available on SousaSells for 582 days. This property is listed at $1,380,000 with an estimated mortgage of $4,594* per month. It has 5 beds, 5 bathrooms, and is 3500-5000 square feet. 138 Wellington Street, Ramara is in the Atherley neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
5
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 28, 2024
Sold price information is available to members only
Listed Date12/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStone, Vinyl Siding
BasementFinished with Walk-Out, Walk-Out
Lot Size75.46 × 340.96 Feet
CountySimcoe
Annual Tax$5,945
Legal DescriptionPT LT 31 CON 10 MARA BEING PT 2 51R38187 TOWNSHIP OF RAMARA

Parking & Garage

Parking Spaces15.0
Garage Spaces13
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Campground, Lake Access, Level, Park, School Bus Route

Interior Features

ERV/HRV, In-Law Capability, Primary Bedroom - Main Floor, Sump Pump, Upgraded Insulation, Water Treatment, Water Softener

Security Features

Community Features

Location

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138 Wellington Street, Ramara, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 138 Wellington Street, Ramara, ON L3V 7G5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Ramara.

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Interest Rate4.00%
Down Payment$414,000 (30.0%)
* Minimum Canadian down payment required for this price is $276,000.
Amortization Period30 Years
Estimated Monthly Payment$4,594Based on a loan of $966,000 over 30 years.
Purchase Price$1,380,000
Loan Amount$966,000
Provincial Land Transfer Tax:$24,075
Total Estimated Closing Taxes:$24,075

About Purchasing a Home in Ramara, ON

For a property listed at $1,380,000 in Ramara, the legal minimum down payment is $276,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $24,075 for this transaction. As this listing is in Ramara (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $24,075.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Atherley, Ramara.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,078,723

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Uptergrove
Public4833 Muley Point Road, Ramara Township, Ontario, L3V 8C3
4.5

Secondary Schools

No secondary schools data loaded.

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.