7785 Oakridge Drive, Ramara, ON
Property Highlights
Welcome to this remarkable Bungalow rural residential located in the coveted neighborhood of Rural Ramara. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $399,900 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 102.31 x 191 ft lot
- 3.0 total parking spaces available
- Notable attributes: None
- Efficient other heating via other
Description
Welcome to your opportunity own on the beautiful Severn River just outside Washago. Set on just under half an acre with over 102 feet of water frontage, this property offers endless potential to create your ideal waterfront retreat.Whether you choose to renovate and customize the existing cottage or start fresh and build your dream home, this property provides flexibility and value. Take advantage of the possibility of reduced development fees. Enjoy everything waterfront living has to offer, including excellent fishing, swimming, and boating, kayaking right from your shoreline. The lot features mature trees, generous space for parking, and a peaceful setting with stunning river views.Conveniently located just minutes from Washago amenities, including grocery stores, LCBO, and restaurants, this property combines natural beauty with everyday convenience.Lot dimensions: 99.95 ft x 212.05 ft x 102 ft x 191.99 ft. 814 sqft
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Pricing & Value Insights
Data-driven valuation for 7785 Oakridge Drive, Ramara, ON L0K 2B0
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About Purchasing a Home in Ramara, ON
For a property listed at $399,900 in Ramara, the legal minimum down payment is $19,995 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 $4,474 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 $4,474.
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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.