5840 Lowanda Lane, Ramara, ON
Property no longer active
This property was sold on September 26, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Rural Ramara. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $340,000 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
- Generous living space spanning 1100-1500 sqft on a premium 151.68 x 379.35 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available
- Notable attributes: ERV/HRV
- Efficient forced air heating via electric
Description
Great opportunity for contractors, renovators, or investors! This 3-bedroom, 1-bathroom raised bungalow sits on a private 1.32-acre lot on a quiet, low-traffic street in Sebright, just west of Kirkfield Road and only 15 minutes from Casino Rama. The home features a full basement with excellent ceiling height and loads of potential for finishing into additional living space. With its spacious country lot, peaceful setting, and convenient location, this property is ideal for anyone looking to create their dream home or add value as an investment.
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Property Summary
This detached home located at 5840 Lowanda Lane, Ramara is currently for sale and has been available on SousaSells for 308 days. This property is listed at $340,000 with an estimated mortgage of $1,132* per month. It has 3 beds, 1 bathroom, and is 1100-1500 square feet. 5840 Lowanda Lane, Ramara is in the Rural Ramara neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5840 Lowanda Lane, Ramara, ON L0K 1W0
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 $340,000 in Ramara, the legal minimum down payment is $17,000 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 $3,575 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 $3,575.
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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.