31 Lake Avenue, Ramara, ON
Property no longer active
This property was sold on November 5, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Ramara. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $498,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 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
- 2.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor
- equipped with window unit(s) central cooling and highly efficient baseboard heating via electric
Description
Discover the cheapest year-round waterfront cottage in Lagoon City priced like a 1-bedroom condo! Just 90 minutes from the GTA, this fully winterized 2-bedroom bungalow + den + sunroom sits on a private 50 x 300 ft lot with mature trees and your own boat slip with direct access to Lake Simcoe. Inside, enjoy a bright open-concept kitchen with breakfast bar, perfect for entertaining or relaxing family meals. Step out to a sunny back deck with serene water views ideal for morning coffee or evening drinks. Located in a vibrant waterfront community with a marina, private beach, clubhouse, and dining, this is your perfect 4-season escape for boating, fishing, paddleboarding, snowmobiling, and more. Whether you're retiring, investing, or seeking a weekend getaway don't miss this rare opportunity for affordable waterfront living!
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Property Summary
This detached home located at 31 Lake Avenue, Ramara is currently for sale and has been available on SousaSells for 374 days. This property is listed at $498,000 with an estimated mortgage of $1,658* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 31 Lake Avenue, Ramara is in the Rural Ramara neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Lake Access, Marina, Park, Waterfront, Wooded/Treed
Interior Features
Primary Bedroom - Main Floor
Security Features
Community Features
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Location
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 31 Lake Avenue, Ramara, ON L0K 1B0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Ramara, ON
For a property listed at $498,000 in Ramara, the legal minimum down payment is $24,900 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 $6,435 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 $6,435.
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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.