5562 Rama Road, Ramara, ON
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 $469,900 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 80.12 x 289.79 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- Efficient forced air heating via gas
Description
**Attention Investors and first time home buyers!** This Bungalow in Ramara is an amazing opportunity located in the heart of lake country. This home offers 2 bedrooms and 2 bathrooms, with a work from home space off of the kitchen. Top features include: [1] An amazing, oversized lot (almost half an acre!). [2] Situated in a prime location, just minutes to Orillia, Casino Rama, boat launches/beaches, and all local amenities! [3] A double-car detached shop that is insulated and equipped with multiple heat sources and hydro. [4] There is a separate entrance to basement with gas fireplace, laundry and 2-piece bathroom (mostly unfinished). 5562 Rama Road is ready for your creativity and inspiration, to both enjoy and build sweat equity!
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Property Summary
This detached home located at 5562 Rama Road, Ramara is currently for sale and has been available on SousaSells for 523 days. This property is listed at $469,900 with an estimated mortgage of $1,564* per month. It has 2 beds, 2 bathrooms, and is 700-1100 square feet. 5562 Rama Road, 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
Interior Features
None
Security Features
Community Features
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 5562 Rama Road, Ramara, ON L3V 0S3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Ramara.
Configure Loan Settings
About Purchasing a Home in Ramara, ON
For a property listed at $469,900 in Ramara, the legal minimum down payment is $23,495 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 $5,873 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 $5,873.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Ramara, Ramara.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.