1770 Lakeshore Drive, Ramara, ON

$848,800
MLS#:S9513266
3 beds
1 baths
10.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Brechin. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $848,800 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.

  • 3 Bedrooms and 1 Bathroom
  • Premium 104.07 x 259.04 ft lot size
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available
  • Notable attributes: Primary Bedroom - Main Floor, Carpet Free
  • equipped with wall unit(s) central cooling and highly efficient baseboard heating via electric

Description

Spectacular 0.57 Acre lot featuring a 3 bed cottage, plus bunkie w/ hydro with an outstanding 104 feet of pristine waterfront. Experience breathtaking sunsets on the westward facing shoreline. Opportunity knocks to restore this blank canvas and make it your own. Very private, hedged at lot lines and steel gates at the entrance. Level lot gradually slopes to Lake. Less than 90 mins to GTA. One of the larger lots on the lake as is and a once in a lifetime OPPORTUNITY to own on the tranquil shores of Lake Simcoe. Make this your dream family home or cottage and invest in your future.

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Property Summary

This detached home located at 1770 Lakeshore Drive, Ramara is currently for sale and has been available on SousaSells for 625 days. This property is listed at $848,800 with an estimated mortgage of $2,825* per month. It has 3 beds, 1 bathroom, and is unknown square feet. 1770 Lakeshore Drive, Ramara is in the Brechin neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 19, 2024
Sold price information is available to members only
Listed Date10/28/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding
BasementCrawl Space
Lot Size104.07 × 259.04 Feet
CountySimcoe
Annual Tax$4,912.14
Legal DescriptionLT 2 PL 393 MARA ; RAMARA

Parking & Garage

Parking Spaces10.0
Garage Spaces10
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingWall Unit(s)

Features

Property Features

Beach, Lake Access, Lake/Pond, Waterfront

Interior Features

Primary Bedroom - Main Floor, Carpet Free

Security Features

Community Features

Location

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1770 Lakeshore Drive, 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 1770 Lakeshore Drive, Ramara, ON L0K 1B0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$254,640 (30.0%)
* Minimum Canadian down payment required for this price is $59,880.
Amortization Period30 Years
Estimated Monthly Payment$2,825Based on a loan of $594,160 over 30 years.
Purchase Price$848,800
Loan Amount$594,160
Provincial Land Transfer Tax:$13,451
Total Estimated Closing Taxes:$13,451

About Purchasing a Home in Ramara, ON

For a property listed at $848,800 in Ramara, the legal minimum down payment is $59,880 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 $13,451 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 $13,451.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$803,868

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

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Secondary Schools

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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.