43 Ridge Avenue, Ramara

$425,000
43 Ridge Avenue

$425,000

New
15d
DetachedBungalow

43 Ridge Avenue, Ramara

Total Monthly Obligation $2,365

HausQ Valuation Report
Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
15d
Yield
7.0%
Cash on Cash
5.0%
Cap Rate
5.6%
5Y IRR
19.5%
10Y IRR
17.9%
Property Type-Detached
MLS® Number-S13882012
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-50 × 200 ft
Listed on site-Oct 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,303.76 (2026)
Parking-5 - Attached
Basement-Crawl Space
Heating-Other (Other)
Brokerage-HOMELIFE/BAYVIEW REALTY INC.
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-vacant
Neighbourhood-Rural Ramara
Title-Residential Freehold

No agent assigned

Welcome to Lagoon City-a unique community featuring a canal system and direct access to Lake Simcoe. Situated on a picturesque waterfront lot, this property offers a rare opportunity to create an ideal home for full-time living or a weekend retreat.Located within walking distance to the local public school, just 15 minutes to Orillia, and only minutes to Lake Simcoe public beaches, marinas, and OFSC trails-this home offers the perfect balance of convenience and lifestyle.It is an excellent choice for those seeking a property with high investment potential or dreaming of building a modern waterfront home in one of Ontario's most desirable lakeside communities.The house is currently undergoing renovation and is ready for a major overhaul. Interior walls have been stripped down to the framework, allowing the new owner to implement their own design and a modern layout without incurring additional demolition costs.The property will be sold As Is. Don't miss the chance to purchase a unique property and make your dream of waterfront living a reality.

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Closing Costs

Mortgage Amount
$340,000
Land Transfer Taxes$4,975
Legal Fees (Est.)
$
Total cash required for closing$91,475

Total Monthly Obligation

$2,365/mo
Mortgage $1,714
Monthly Loss $1,914
Principal$451
Interest$1,263
Property Tax$275
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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

Comparables

Properties near 43 Ridge Avenue

Time

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