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Rural Ramara, Ramara
$585,000
Unlock incredible potential with this 1.03-acre lakeside property, offering a prime opportunity for those ready to roll up their sleeves and build instant equity. The property features a massive 30x40 ft. heated shop on a solid concrete pad-perfect for any hobbyist or contractor-and 24.44 feet of private waterfront on Lake St. John. Tucked away on a quiet dead-end street with its own private pond and easy access to Orillia and Gravenhurst, the existing 4-bedroom, 2-bathroom home is a blank canvas awaiting a full renovation. Sold "as-is", this is the ultimate "fixer-upper" for anyone looking to secure a large lot and a massive shop in a stunning natural setting.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 16-30 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,543 |
| Lot Size | 24.44 ft x 426 ft |
| mls© Number | S13774132 |
| Listed By | COLDWELL BANKER THE REAL ESTATE CENTRE |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,994
- Property tax
- $295
- Heat allowance
- $150
- Housing costs
- $3,440 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$106,000
gross annual household income
- Payment at 4%
- $2,462 / mo
- Cash down
- $117,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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