![7 Ridge Ave, Ramara](https://media.realestatebay.ca/S9/03/96/94/1.960.jpg)
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Property Description
Welcome to 7 Ridge Ave, a hidden gem nestled on the East shore of Lake Simcoe in beautiful Brechin. This charming 3-bedroom with second floor loft, 1-bathroom cottage + shed is located in a vibrant waterfront community, offering endless possibilities for renovation or rebuilding. Located in a prime location, this property boasts breathtaking views of the stunning blue waters of Lake Simcoe. Imagine waking up every morning to the tranquil sounds of the lake and enjoying your morning coffee while overlooking the picturesque scenery. One of the best features of 7 Ridge Road is its proximity to the waterfront beach known as 'the steps'. Just a stone's throw away, you can enjoy all the perks of waterfront living without the burden of waterfront taxes. Spend your days basking in the sun, taking refreshing swims, or simply strolling along the sandy shores. Aside from the incredible natural beauty surrounding the property, this cottage offers the convenience of being on municipal services.
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Property Features
Beach, Clear View, Lake Access, Level, Marina, Park
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
50' x 100'
Acreage
< .50
Fronting
North
Taxes
$1,153 (2024)
Basement
Crawl Space
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Ground | 28.87' x 8.99' | |
Bathroom | Ground | 7.97' x 3.94' | |
Foyer | Ground | 5.05' x 17.72' | |
Loft | Upper | 8.99' x 19.00' | |
Br | Ground | 4.99' x 9.97' | |
2nd Br | Ground | 6.99' x 6.99' | |
3rd Br | Ground | 2.69' x 2.69' |
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Ramara Market Statistics
Ramara Price Trend
7 Ridge Ave is a 3-bedroom 1-bathroom home listed for sale at $599,000, which is $51,608 (7.9%) lower than the average sold price of $650,608 in the last 30 days (August 8 - September 6). During the last 30 days the average sold price for a 3 bedroom home in Ramara declined by $2,092 (0.3%) compared to the previous 30 day period (July 9 - August 7) and down $212,953 (24.7%) from the same time one year ago.Inventory Change
There were 18 3-bedroom homes listed in Ramara over the last 30 days (August 8 - September 6), which is down 5.3% compared with the previous 30 day period (July 9 - August 7) and up 5.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Ramara typically sold ($30,575) (4.7%) below asking price over the last 30 days (August 8 - September 6), which represents a $12,265 increase compared to the previous 30 day period (July 9 - August 7) and ($20,005) less 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 (August 8 - September 6) stood at 66.7%, up from 26.3% over the previous 30 days (July 9 - August 7) and down from 500.0% 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 29 days when successfully sold over the last 30 days (August 8 - September 6), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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