2792 Stephen Drive, Ramara, ON

$699,900
MLS#:S13250122
3 beds
2 baths
700-1100 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Backsplit 3 detached located in the coveted neighborhood of Rural Ramara. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $699,900 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 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 27.43 x 53.95 ft lot
  • Features a finished, partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Carpet Free, Propane Tank, Separate Hydro Meter
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

DREAM-SEARCH-MOVE: This 3-bedroom, 3 Level detached backsplit with a single-car garage is located in Mara Shore Estates just 10 minutes north of Beaverton off Hwy. 12, near the shores of Lake Simcoe. Residents enjoy access to the lake, a boat launch and a park through an annual Association Membership of $100. Features of this home include Luxury vinyl plank flooring throughout, pot lights on the main floor, an open-concept living, dining, and kitchen area, plus a lower-level family room with a wood-burning fireplace. Generous-sized bedrooms include a Primary 3-piece ensuite. Situated on a 0.36-acre lot, the property offers a circular driveway with parking for five vehicles, high-speed internet available to work from home, Municipal water, a Septic system, a propane forced-air two-stage furnace and a 200-AMP service. There is also a walkout to the sundeck and hot tub from the garden doors in the dining room. Grow your own vegetables in the vegetable gardens along the side of the house in your leisure time.

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date6/5/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBacksplit 3
ConstructionAluminum Siding, Brick
BasementFinished, Partial Basement
Lot Size27.43 × 53.95 Metres
CountySimcoe
Annual Tax$2,612.95
Legal DescriptionPCL 19-1 SEC M896; LT 19 PL M896 MARA ; T/W A RIGHT IN COMMON WITH OTHERS ENTITLED THERETO TO USE THE GREENBELT AREAS, BEING BLKS "A", "J" & "K" & THE WATER ACCESS FACILITIES, BEING BLK "B" ACCORDING TO REG. PL NO. M896 ; RAMARA

Parking & Garage

Parking Spaces6.0
Garage Spaces5
Garage TypeAttached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Lake Access, Park

Interior Features

Carpet Free, Propane Tank, Separate Hydro Meter, Sump Pump, Water Heater Owned

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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2792 Stephen 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 2792 Stephen 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.

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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 Rate5.25%
Down Payment$44,990 (6.4%)
* Minimum Canadian down payment required for this price is $44,990.
Amortization Period25 Years
Estimated Monthly Payment$3,903Based on a loan of $654,910 over 25 years.
Purchase Price$699,900
Loan Amount$654,910
Provincial Land Transfer Tax:$10,473
Total Estimated Closing Taxes:$10,473

About Purchasing a Home in Ramara, ON

For a property listed at $699,900 in Ramara, the legal minimum down payment is $44,990 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 $10,473 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 $10,473.

Nearby Listings

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$829,170

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

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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.