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New1 day ago

1988 Lakeshore Drive

Rural Ramara, Ramara

$1,415,000

Detached|Bungalow
3 | 1 | 4
About this home

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.

Extras

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,199
Lot Size90.23 ft x 207 ft
mls© NumberS14104178
Listed ByREMAX YOUR COMMUNITY REALTY

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%
$7,243
Property tax
$433
Heat allowance
$150
Housing costs
$7,826 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $283,000
25-yr amortization

Income needed

$241,000

gross annual household income

Payment at 4%
$5,955 / mo
Cash down
$283,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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