29 Lake Avenue, Ramara, ON

$639,000
MLS#:S12393848
4 beds
2 baths
1500-2000 sqft
7.0 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 vinyl siding construction, this residence presents an exceptional opportunity offered at $639,000 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.

  • 4 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 50 x 300 ft lot
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available
  • Notable attributes: Primary Bedroom - Main Floor
  • Efficient baseboard heating via electric

Description

Situated in the prestigious waterfront community of Lagoon City, this 1584 sq ft bungalow has direct waterfront, 4 bdrm, 1.5bth, is a 4 season residence and sits on an impressive 50'x300' deep lot. This home has been lovingly maintained by its original owners. Will this be your first home/cottage? Not a problem, this home comes fully furnished as is including 4 sheds with all the tools that you will need. As a resident of Lagoon City not only will you and your guests have exclusive access to the beach known as "LAGOON CITY BEACH AREA" but you also have use of a private beach directly across the street. Enjoy fishing and boating in the clear waters of Lake Simcoe or you can kayak, paddle board, ice fish and in the winter take advantage of all the snowmobile trails, all of this only 1.5 hrs from Toronto. Make this your home today!

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Property Summary

This detached home located at 29 Lake Avenue, Ramara is currently for sale and has been available on SousaSells for 308 days. This property is listed at $639,000 with an estimated mortgage of $2,127* per month. It has 4 beds, 2 bathrooms, and is 1500-2000 square feet. 29 Lake Avenue, Ramara is in the Brechin neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 9, 2025
Sold price information is available to members only
Listed Date9/10/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementCrawl Space
Lot Size50 × 300 Feet
CountySimcoe
Annual Tax$3,498.95
Legal DescriptionPCL BLOCK P-1 SEC M24; BLK P PL M24 MARA; LT 23 PL M2 MARA T/W A ROW IN COMMON WITH ALL OTHERS HAVING A LIKE RIGHT OVER AND UPON ALL THOSE WATERWAYS KNOWN AS CANALS OR LAGOONS CONTAINED IN THE DEVELOPMENT KNOWN AS "LAGOON CITY"; T/W A RIGHT TO USE IN COMMON WITH ALL OTHER OWNERS OF LANDS NOW OR HEREAFTER FORMING PART OF THE SAID DEVELOPMENT, THEIR FAMILIES AND GUESTS, THE BEACH KNOWN AS "LAGOON CITY BEACH AREA", BEING BLK A, PL M111; S/T LT4399 TRANSFERRED BY LT94631 ; S/T LT3156 RAMARA

Parking & Garage

Parking Spaces7.0
Garage Spaces7
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingNone

Features

Property Features

Beach, Clear View, Rec./Commun.Centre, School Bus Route

Interior Features

Primary Bedroom - Main Floor

Security Features

Community Features

Location

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29 Lake Avenue, 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 29 Lake Avenue, 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$191,700 (30.0%)
* Minimum Canadian down payment required for this price is $38,900.
Amortization Period30 Years
Estimated Monthly Payment$2,127Based on a loan of $447,300 over 30 years.
Purchase Price$639,000
Loan Amount$447,300
Provincial Land Transfer Tax:$9,255
Total Estimated Closing Taxes:$9,255

About Purchasing a Home in Ramara, ON

For a property listed at $639,000 in Ramara, the legal minimum down payment is $38,900 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 $9,255 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 $9,255.

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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

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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.