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Price Change$699,900

2792 Stephen Drive

Rural Ramara, Ramara

$649,900

Detached|Backsplit 3
3 | 2 | 6
About this home

***NEW PRICE*** DREAM-SEARCH-MOVE: This 3-bedroom, 3 Level detached backsplit with a single-car garage is located in Mara Shore Estates just 10 minutes north of Beaverton off Hwy. 12, near the shores of Lake Simcoe. Residents enjoy access to the lake, a boat launch and a park through an annual Association Membership of $100. Features of this home include Luxury vinyl plank flooring throughout, pot lights on the main floor, an open-concept living, dining, and kitchen area, plus a lower-level family room with a wood-burning fireplace. Generous-sized bedrooms include a Primary 3-piece ensuite. Situated on a 0.36-acre lot, the property offers a circular driveway with parking for five vehicles, high-speed internet available to work from home, Municipal water, a Septic system, a propane forced-air two-stage furnace and a 200-AMP service. There is also a walkout to the sundeck and hot tub from the garden doors in the dining room. Grow your own vegetables in the vegetable gardens along the side of the house in your leisure time.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBacksplit 3
Approx. Age31-50
Size700-1100 sq. ft.
Property Tax$2,613
Lot Size27.43 metres x 53.95 metres
mls© NumberS13250122
Listed ByRIGHT AT HOME REALTY

Listing History

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  • 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%
$3,326
Property tax
$218
Heat allowance
$150
Housing costs
$3,694 / mo

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

Down payment20% · $129,980
25-yr amortization

Income needed

$114,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$129,980

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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