6569 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 and concrete block construction, this residence presents an exceptional opportunity offered at $450,000 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 700-1100 sqft on a premium 61.94 x 230.87 ft lot
- 5.0 total parking spaces available
- Notable attributes: Other
- Efficient forced air heating via gas
Description
This approximately 800 sq. ft. bungalow sits nestled amongst mature maple and oak trees that provide privacy and tranquility that your family will appreciate with this property. This bungalow, which sits approximately 120 ft. from the roadside, offers lots of privacy again, with an abundance of mature trees at the front of the house House has an older brick fireplace in the living room as well as a small wood stove in the front entrance room/dining room, and older gas furnace that hasn't been used in a few years. With approximately 55 of space that includes limestone rock coverage as seen in photos, there is potential to add on to the existing house in the backyard. The house needs extensive repair to bring it up to a livable state. The house needs a new Hydro One connection and a new exterior Hydro One meter, but it does have 120-amp wiring currently in the house. This house is walking distance to Lake Couchiching, Longford Mills Post Office, and bike trails from Washago to Orillia. Private boats can be launched on Lake Couchiching at Graham Side Road, which is a 10-minute walk from the house. If the buyer is interested in increasing the value of the current property, there is the potential, according to Ramara Township to build a semi-detached house or duplex with an approved new septic and well for each unit. ALL GUESTS ON PROPERTY MUST SIGN AN ACCIDENT WAIVER PRIOR TO VIEWING PROPERTY.
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Key Features
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Parking & Garage
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Features
Property Features
Lake Access, Level, School Bus Route, Wooded/Treed
Interior Features
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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 6569 Rama Road, Ramara, ON L0K 1L0
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About Purchasing a Home in Ramara, ON
For a property listed at $450,000 in Ramara, the legal minimum down payment is $22,500 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 $5,475 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 $5,475.
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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.