2396 Lakeshore Drive, Ramara, ON

$1,375,000
MLS#:S9396682
5 beds
3 baths
2000-2500 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on February 25, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Brechin. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $1,375,000 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 3 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 25 x 198 ft lot
  • Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Propane Tank, Sauna, Primary Bedroom - Main Floor
  • Efficient baseboard heating via electric

Description

Imagine living your dream waterfront lifestyle on the crystal-clear eastern shore of Lake Simcoe. Boasting over 88 feet of shoreline and almost a quarter of an acre of land, stunning sunsets are yours after a fun-filled day on the water or while roasting marshmallows around the fire. Reap the health benefits and unwind in your authentic Finnish sauna after a day of outdoor fun and allow the tranquil sound of rolling waves to calm and lull you to sleep each night. Interior space doesn't need to be sacrificed when you make this property your own. The 2317 sq ft home provides ample living space with 5 spacious bedrooms, and three baths, perfect for family living or entertaining guests. The full basement offers even more living opportunities and boasts access to the dry boathouse from inside. The potential this property brings is abundant. No need to leave this peaceful retreat for the winter months. Find year-round enjoyment in this fully winterized haven. Cozy up around the fireplace, or feel the warmth deep inside that a woodstove brings. Located a mere 5 minutes outside of the town of Brechin and just 25 minutes away from the bustling city of Orillia the peaceful life this retreat brings doesn't need to accompany isolation. Conveniently located less than 90 minutes from the GTA you won't spend hours on the road to get to where your soul finds rest. If you're ready to make your move to a lakeside life you dont want to miss this opportunity! Arrange a time to come see for yourself! **EXTRAS** Roof (2016), Water Filtration System (2023), Age (1985), 2317 SQ FT Above Grade

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Property Summary

This detached home located at 2396 Lakeshore Drive, Ramara is currently for sale and has been available on SousaSells for 640 days. This property is listed at $1,375,000 with an estimated mortgage of $4,577* per month. It has 5 beds, 3 bathrooms, and is 2000-2500 square feet. 2396 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
5
Bathrooms
3
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 25, 2025
Sold price information is available to members only
Listed Date10/15/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2 1/2 Storey
ConstructionOther
BasementPartially Finished, Full
Lot Size25 × 198 Feet
CountySimcoe
Annual Tax$6,207.24
Legal DescriptionLT 13 PL 376 MARA ; RAMARA

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingNone

Features

Property Features

Lake Access, Lake/Pond, Library, Marina, Waterfront, Rec./Commun.Centre

Interior Features

Propane Tank, Sauna, Primary Bedroom - Main Floor, Water Heater Owned, Workbench, Water Treatment, Separate Heating Controls

Security Features

Community Features

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Location

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2396 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 2396 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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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$412,500 (30.0%)
* Minimum Canadian down payment required for this price is $275,000.
Amortization Period30 Years
Estimated Monthly Payment$4,577Based on a loan of $962,500 over 30 years.
Purchase Price$1,375,000
Loan Amount$962,500
Provincial Land Transfer Tax:$23,975
Total Estimated Closing Taxes:$23,975

About Purchasing a Home in Ramara, ON

For a property listed at $1,375,000 in Ramara, the legal minimum down payment is $275,000 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 $23,975 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 $23,975.

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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$803,733

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.