1988 Lakeshore Drive, Ramara

$1,415,000
1988 Lakeshore Drive

$1,415,000

New
3d
DetachedBungalow

1988 Lakeshore Drive, Ramara

Total Monthly Obligation $6,516

Beds
3
Baths
1
Park
4
Sqft
1100-1500
DOM
3d
Score
14
Yield
2.3%
Cash on Cash
-13.2%
Cap Rate
1.8%
5Y IRR
5.3%
10Y IRR
6.7%
Property Type-Detached
MLS® Number-S14104178
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-90.23 × 207 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,199 (2025)
Parking-4 - Other
Basement-Crawl Space
Heating-Baseboard (Electric)
Brokerage-REMAX YOUR COMMUNITY REALTY
Cooling-Wall Unit(s)
Laundry-No
Fireplace-Wood
Pool-None
Facing-West
Exterior-Wood
Roof-Metal
Foundation-Unknown
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural Ramara
Title-Residential Freehold

No agent assigned

Enjoy west-facing Lake Simcoe waterfront living in this warm and inviting 3-bedroom cottagewith over 90 feet of shoreline, set on a gated, tree-lined lot with beautiful lake views andmemorable sunsets. The bright interior features an open-concept layout, cathedral ceilings,hardwood flooring, rich wood finishes, a wood-burning fireplace and oversized windows overlooking the water. Highlights include updated kitchen cabinetry with an LG appliance package, updated lighting, plumbing and electrical components, interior and exterior painting, custom window coverings, an 8-channel security camera system and exterior floodlights. A ductless heat pump provides heating and cooling. Two walkouts lead to a spacious water sidedeck, while the shoreline offers a shallow sandy entry, dock and electric boat lift.Includes a 1/11 beneficial interest in the approximately 4.7-acre Park Lands across the road,featuring a tennis court and open green space, held in trust by NGBA Inc. for the 11 cottageowners. This beneficial interest passes with ownership of the cottage, subject to the terms ofthe trust. Offered furnished, with a detailed furniture and inclusions list attached to thelisting documents .Approximately 90 minutes from Toronto.

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

Closing Costs

Mortgage Amount
$1,132,000
Land Transfer Taxes$24,775
Legal Fees (Est.)
$
Total cash required for closing$309,275

Total Monthly Obligation

$6,516/mo
Mortgage $5,708
Monthly Loss $5,014
Principal$1,502
Interest$4,206
Property Tax$433
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-16.1%0
5-Year IRR
3.0%6
10-Year IRR
5.2%
Returns Index
4.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$32,496/yr
NOI
$19,547/yr
Net Cash Flow
-$4,079/mo
Cash Margin
-150.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.292
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
14.5/ 100

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

Comparables

Properties near 1988 Lakeshore Drive

Time

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