2511 Talbot Lane, Ramara, ON

$399,000
MLS#:S8485368
3 beds
1 baths
4.0 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 and vinyl siding construction, this residence presents an exceptional opportunity offered at $399,000 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.

  • 3 Bedrooms and 1 Bathroom
  • Spacious lot size measured in Feet
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Primary Bedroom - Main Floor
  • equipped with wall unit(s) central cooling and highly efficient heat pump heating via electric

Description

Welcome to 2511 Talbot Lane, a stunning direct waterfront property on the Talbot River with access to Lake Simcoe. This amazing location is just 5 minutes north of Beaverton. The property features a newly finished dock, a new water system including a pump, and a previously installed heated water line to the river. Enjoy year-round comfort with a new hot water tank, heated crawl space, and a brand-new heat pump/AC unit installed in 2024. The home is fully furnished and ready for you to move in, offering waterfront living at an affordable price. Enjoy all the amenities Lake Simcoe has to offer in the summer and ice fishing in the winter. This property is perfect for 4-season use. Garage with a concrete floor , Dont miss out on this incredible opportunity!

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Property Summary

This detached home located at 2511 Talbot Lane, Ramara is currently for sale and has been available on SousaSells for 748 days. This property is listed at $399,000 with an estimated mortgage of $1,328* per month. It has 3 beds, 1 bathroom, and is unknown square feet. 2511 Talbot Lane, 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 DateAugust 23, 2024
Sold price information is available to members only
Listed Date6/27/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding, Vinyl Siding
BasementCrawl Space
CountySimcoe
Annual Tax$872.82
Legal DescriptionPt Lt 13 Con D Mara as in R01136443 (secondly) except the easement therein

Parking & Garage

Parking Spaces4.0
Garage Spaces3
Garage TypeDetached

Heating & Cooling

Heat SourceElectric
Heat TypeHeat Pump
CoolingWall Unit(s)

Features

Property Features

Interior Features

Primary Bedroom - Main Floor

Security Features

Community Features

Location

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2511 Talbot Lane, 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 2511 Talbot Lane, 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$119,700 (30.0%)
* Minimum Canadian down payment required for this price is $19,950.
Amortization Period30 Years
Estimated Monthly Payment$1,328Based on a loan of $279,300 over 30 years.
Purchase Price$399,000
Loan Amount$279,300
Provincial Land Transfer Tax:$4,460
Total Estimated Closing Taxes:$4,460

About Purchasing a Home in Ramara, ON

For a property listed at $399,000 in Ramara, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.

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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.