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Property Description
Attention investors or those looking to get into the market at a great price point! Renovation project with nearly half an acre lot with plenty of cleared land. Ideal Cottage Country location in Uptergrove community near Orillia. Give the current cottage a little TLC, build your new income property or build the home of your dreams. Quiet street close to Lake Simcoe with mix of seasonal homes and full time residents. Detached garage with plenty of storage space. 700 sq ft. cottage on property has been owned by same family for over 40 years. Maintained and enjoyed lovingly by several generations until recent state of disrepair. New septic tank (2022), drilled well (original), oil heater (original). 3 bedrooms with 2-piece bathroom (shower removed years ago and never re-added). Kitchen with stove and fridge (both as is). Nearby amenities include: Ramara Trail, Casino Rama, Lovely Day park & playground at Lake Simcoe, Marinas, Downtown Orillia.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
75' x 232'
Acreage
< .50
Lot Irregularities
74.99X231.50X132.97X208.91
Fronting
South
Taxes
$1,170 (2023)
Basement
None
Exterior
Concrete, Shingle
Heat Type
Other
Heat Source
Other
Air Conditioning
None
Water
Well
Parking Spaces
2
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 11.52' x 12.99' | Broadloom, Window, Open Concept |
| Dining | Flat | 11.61' x 10.99' | Broadloom, Combined W/Kitchen, W/O To Yard |
| Kitchen | Flat | 11.61' x 10.99' | Broadloom, Combined W/Dining, W/O To Yard |
| Br | Flat | 7.68' x 12.99' | Broadloom, W/O To Yard, Window |
| 2nd Br | Flat | 8.92' x 11.52' | Broadloom, Window |
| 3rd Br | Flat | 8.76' x 11.52' | Broadloom, Window |
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Ramara Market Statistics
Ramara Price Trend
4170 Fountain Dr is a 3-bedroom 1-bathroom home listed for sale at $249,000, which is $675,250 (73.1%) lower than the average sold price of $924,250 in the last 30 days (April 6 - May 5). During the last 30 days the average sold price for a 3 bedroom home in Ramara increased by $462,084 (100.0%) compared to the previous 30 day period (March 7 - April 5) and down $282,750 (23.4%) from the same time one year ago.Inventory Change
There were 34 3-bedroom homes listed in Ramara over the last 30 days (April 6 - May 5), which is up 47.8% compared with the previous 30 day period (March 7 - April 5) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Ramara typically sold ($18,037) (2.0%) below asking price over the last 30 days (April 6 - May 5), which represents a $13,019 increase compared to the previous 30 day period (March 7 - April 5) and ($42,000) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Ramara over the last 30 days (April 6 - May 5) stood at 23.5%, down from 26.1% over the previous 30 days (March 7 - April 5) and up from 11.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Ramara stood at 22 days when successfully sold over the last 30 days (April 6 - May 5), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Percy Fulton Ltd.
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