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Featured
New8 hours ago

3637 SOUTHWOOD BEACH Boulevard

Rural Ramara, Ramara

$585,000

Detached|Bungalow
3 | 2 | 9
About this home

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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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age16-30
Size1100-1500 sq. ft.
Property Tax$3,543
Lot Size24.44 ft x 426 ft
mls© NumberS13774132
Listed ByCOLDWELL 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.

Down payment20% · $117,000
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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