Sold for:Sold Jun 27, 2025
$990,000

5566 Gray's Bay Road

Ramara (Rural Ramara), ON L0K 1L0

Detached House SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 5566 Gray's Bay Road, Ramara, Rural Ramara

2025-06-06
2025-06-27
Sold
Price
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MLS#
s12203852

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 5566 Gray's Bay Road, Ramara, Rural Ramara

Waterfront property on Lake Couchiching with approximately 108 feet of waterfront frontage, this is the first time this property has been offered for sale in over 50 years, this well maintained 1406 square foot 2 bedroom bungalow was built in 1991, and the oversized garage was built in 1981 with finished area above the garage, there is a wood burning fireplace in living room, eat-in kitchen, sunroom with door to deck overlooking the lake, full 4 piece bath, main floor laundry area, half unfinished basement and a very usable crawlspace under the remainder of the house, lots of warm pine in main areas. This property has its own drilled well and septic and central air conditioning. This beautiful property is situated on a dead end private road with only 14 other owners. The Township does not maintain the road but there is garbage and recycling pickup. Another big bonus of this property is that there is economical Natural Gas heating, a Generac Natural Gas powered backup generator. Amazing Southern views of Fawn Bay and the Fern Resort. The shoreline is reinforced and stabilized by 1 ft. x 8 ft. long precast concrete sections that were installed in the 80's. Within walking distance to Casino Rama. This property won't last long so schedule your viewing today, you wont be disappointed. A recent water test is available showing excellent water 0/0. Please see form 299 included in attachments prior to booking appointment.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$5,570
Land Transfer Tax Fee
$16,275

Rental Items

Rental Equipment
None
Under Contract
None

Basement Type
Half, Partial Basement

Interior Features

Laundry Level
Main Level
Interior Extras
Central Vacuum, Water Heater Owned
Fireplace/Stove
Yes
Elevator
No

Exterior Features

Pool
None
Other Structures
Garden Shed

Building

Building Type
Detached
Building Style
Bungalow
Approx Age
31-50

Construction

Exterior Finish
Aluminum Siding, Shingle
Roof
Asphalt Shingle
Foundation Details
Concrete Block
Special Designation
Unknown

Lot

Lot Front
108.00 ft
Lot Depth
130.00 ft
Lot Size
0.471
Lot Shape
Irregular

Inclusions

Inclusions
All furniture (as is), tools & accessories on premises

Exclusions

Exclusions
None

Parking & Garages

Garage Type
Detached
Garage Spaces
2
Parking Spaces
4
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Well
Sewers
Septic
Natural Gas
Yes
Hydro
Yes
Cable
No
Telephone
Yes

Bedrooms
2
Washrooms
1
Kitchens
1

Room sizes

  • Living Room—
    Main level, Wood Stove
  • Dining Room—
    Main level
  • Kitchen—
    Main level
  • Primary Bedroom—
    Main level
  • Bedroom 2—
    Main level
  • Bathroom—
    Main level, 4 Pc Bath
  • Sunroom—
    Main level, W/O To Deck
  • Mud Room—
    Main level, Combined w/Laundry

Washrooms

  • 4-piece, Main

Municipality
Ramara
Neighbourhood
Rural Ramara
Main cross streets
Rama Road
Zoning
SR
Directions
Rama Rd/Gray's Bay Rd
Waterfront
Direct

MLS® number
S12203852
Data source
Toronto Regional Real Estate Board
Status change
2025-06-27
Listed on
2025-06-06
Days on market
21 days
Possession date
2025-06-30
Possession type
Flexible
Co-op commission
2.5% + HST
Seller
Listed by
RE/MAX HALLMARK CHAY REALTY

Home Market Value

Current home valuation for 5566 Gray's Bay Road, Ramara, Rural Ramara, Ramara, ON. Listed for $990,000

HOMEH Estimate

?

$579,221

Estimated Sales Range

?

$507,858 - $650,584

HOMEH Estimate for 5566 Gray's Bay Road, Ramara, Rural Ramara

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$579,221High confidence
Based on 11 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Ramara, ON
Minimum Down Payment Required:7.5%

5% on first $500K + 10% on $490,000 over $500K

Minimum down payment

$74,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$36,630$27,621$23,562$0
=Total mortgage
$952,380$918,621$865,062$792,000
Amortization
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%
Payment frequency
=Mortgage payment
$4,650monthly$4,485monthly$4,224monthly$3,867monthly
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Land Transfer Tax

Provincial

$16,275

Total Land Transfer Tax

$16,275

Around this home

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0/100Minimal Transit
0/100Not rated
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