Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

2886 Warren Road, Ramara, ON L0K 1B0

Vacant Land
$245,000
Property tax
$490 / year

Discover the perfect location for your dream home or generational cottage! This spacious 110 x 190 feet flat building lot is ideally situated in community of Brechin, Township of Ramara. This property is located walking distance from designated boat launching to Lake Simcoe. Whether you are a developer or a future homeowner, this lot provides endless possibilities. Confirmed zoning is residential. New Boundary and Topo survey is available from the Owner.

MLS number
S13416338
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L0K 1B0
Photos
7
Laundry
Not in the unit
99days · 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

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 399 people.

$71,000Median household income
81.1%Own their home
100%Detached houses
50Median age
10.8%Born outside Canada
7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35431249 — the few blocks around this address, home to 399 people. It describes the area, not this property.

399Population
44.5Average age
2.4Household size
$73,500Average household income
$71,000Median household income
81%Own their home
19%Rent
0%Condominiums
11%Born outside Canada
7%University degree
$490,000Average home value
12%Low income
78%Not in the labour force
26%Never married
$10,000 to $14,9992%
$20,000 to $24,9992%
$25,000 to $29,9995%
$30,000 to $34,9992%
$40,000 to $44,9995%
$45,000 to $49,9992%
$50,000 to $59,99910%
$60,000 to $69,9995%
$70,000 to $79,9997%
$80,000 to $89,9995%
$90,000 to $99,9995%
$100,000 and over24%
$100,000 to $124,9997%
$125,000 to $149,9997%
$150,000 to $199,99910%

Percentages are of the 205 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.

$49,000 · minimum here is $12,250
$1,084.81per month
Borrowed before insurance$196,000
Total borrowed$196,000
Interest over 25 years at 4.5%$129,442

If you rented it out

-$1,125.64per month out of pocket
Rent$0.00
Everything it costs to hold$1,125.64
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 ROYAL LEPAGE SIGNATURE REALTY. Listing data provided by the Toronto Regional Real Estate Board.