Homula Realty Brokerage
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6472 Rama Road, Ramara, ON L3V 0S3

Land
$3,488,888

SITE PLAN APPROVED! Rare waterfront development opportunity at 6472 Rama Rd in Ontario's cottage country. This exceptional lakefront property offers an approved site plan for a 39-room boutique hotel/resort concept, creating a strong opportunity for investors, developers, or hospitality operators seeking a premium four-season destination. The proposed project is positioned to take advantage of the area's tourism appeal, just minutes from Casino Rama and within convenient reach of Orillia, Muskoka, Barrie, and the GTA. The approved resort vision includes spacious accommodation, waterfront orientation, private marina and beach-style amenities, and a setting suited to year-round recreation including boating, water sports, winter activities, retreats, and destination stays. The location benefits from strong leisure demand and proximity to one of the region's major entertainment draws. Casino Rama. In addition to the approved 39-room hotel plan, the property may also present an opportunity to pursue an alternative trailer park or seasonal recreational accommodation concept with a similar number of sites, subject to municipal review, zoning, and all required approvals. This added flexibility enhances the development potential and allows purchasers to evaluate multiple hospitality or recreational use strategies. A rare chance to acquire waterfront land with meaningful entitlement progress already in place, in a highly desirable tourism corridor. Ideal for those looking to advance a boutique resort, cottage-country hospitality project, or alternate recreational accommodation concept.

MLS number
S13139478
Type
Land
Status
Active
Bedrooms
Bathrooms
2
Postal code
L3V 0S3
Photos
9
Property tax
$10,308 / year
120days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 63 people.

100%Own their home
100%Detached houses
47.2Median age
0%Born outside Canada
0%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35431237 — the few blocks around this address, home to 63 people. It describes the area, not this property.

63Population
46Average age
2.7Household size
100%Own their home
0%Rent
0%Condominiums
0%Born outside Canada
0%University degree
50%Never married
15 to 19 years9%
20 to 24 years9%
30 to 34 years9%
40 to 44 years9%
45 to 49 years9%
55 to 59 years18%
60 to 64 years18%
70 to 74 years9%
85 years and over9%

Percentages are of the 55 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$697,778 · minimum here is $697,778
$15,448.04per month
Borrowed before insurance$2,791,110
Total borrowed$2,791,110
Interest over 25 years at 4.5%$1,843,302

If you rented it out

-$16,307.04per month out of pocket
Rent$0.00
Everything it costs to hold$16,307.04
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RIGHT AT HOME REALTY. Listing data provided by the Toronto Regional Real Estate Board.