2917 Fairgrounds Road, Ramara

$599,000
2917 Fairgrounds Road

$599,000

New
28d
Detached2-Storey

2917 Fairgrounds Road, Ramara

Total Monthly Obligation $2,952

Beds
4
Baths
2
Park
10
Sqft
1500-2000
DOM
28d
Score
25
Yield
6.0%
Cash on Cash
3.1%
Cap Rate
5.3%
5Y IRR
18.1%
10Y IRR
16.7%
Property Type-Detached
MLS® Number-S13830482
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-199.92 × 244.86 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$1,929.33 (2025)
Parking-11 - Carport
Basement-Unfinished, Separate Entrance
Heating-Forced Air (Propane)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Metal
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural Ramara
Title-Residential Freehold

No agent assigned

CHARACTER FILLED COUNTRY HOME ON OVER AN ACRE WITH ELEVATED OUTDOOR LIVING! This is the kind of place people daydream about when they're stuck in traffic or scrolling listings at midnight, a private, character-filled escape set on over an acre of land where life slows down the moment you arrive. Why book a getaway when the backyard already has one, with a massive deck and gazebo, fire pit, and swim spa that make staying home feel like a treat, all surrounded by mature trees and in a quiet, tucked-away setting. The beautifully updated century home balances historic charm with modern comfort across more than 1,950 square feet above grade, anchored by a bright kitchen with white cabinetry, glass insert display cabinets, a farmhouse sink, and a pantry. Warm, inviting living and dining spaces connect naturally to the outdoors, while a versatile main floor bedroom with a wood ceiling, crown moulding, and a double garden door walkout can easily function as a family room or entertainment space, with main floor laundry and a 4-piece bathroom with heated flooring close by. Upstairs, the primary retreat offers semi-ensuite access, a walk-in closet, and double French doors opening to a private balcony overlooking the treetops, alongside two additional upper-level bedrooms. An unfinished basement with a separate entrance opens up exciting future potential, whether you're dreaming of more finished living space, a hobby zone, a home gym, or added storage. All of this sits just moments from downtown Washago for shops, cafés, dining, trails, Washago Centennial Park, the community centre, a public boat launch, and the train station, with Orillia only 20 minutes away.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$2,952/mo
Mortgage $2,416
Monthly Loss $2,316
Principal$636
Interest$1,780
Property Tax$161
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.3%4
5-Year IRR
13.8%63
10-Year IRR
13.5%
Returns Index
33.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,000/yr
NOI
$25,971/yr
Net Cash Flow
-$252/mo
Cash Margin
-8.4%1
Cash Flow Index
0.9/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
30.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2917 Fairgrounds Road

Time

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Data last updated within the past 24 hours.