8272 Rama Road, Ramara, ON
Property Highlights
Welcome to this remarkable office located in the coveted neighborhood of Rural Ramara. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $785,000 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.
- 0 Bedrooms and 2 Bathrooms
- Premium 84 x 245 ft lot size
- Convenient single detached garage included
- equipped with no central cooling and highly efficient baseboard heating
Description
84-foot Washago waterfront property with access to Lake Couchiching and Trent Severn Waterway. The finished lower level was previously a successful veterinary clinic and would be perfect for that or many other permitted use opportunities. The main-level home is freshly painted with new flooring. 2 good-sized bedrooms on the main floor and 2 additional bedroom options on the upper level. Separate hydro meters. The lower level features a large deck overlooking the waterfront, plus plenty of parking. This property holds huge potential. 1) Have your waterfront home and your business in one location. 2) Locate your business in this great area and receive income from a nice 4-bedroom home. 3) Get the waterfront home you always wanted that holds an income opportunity for you from a business in the lower level to help you pay your mortgage. A picturesque waterfront location, only 15 minutes from Orillia or Gravenhurst, awaits you and your plan for an exciting future.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 8272 Rama Road N, Ramara, ON L0K 2B0
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About Purchasing a Home in Ramara, ON
For a property listed at $785,000 in Ramara, the legal minimum down payment is $53,500 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 $12,175 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 $12,175.
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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.