Sold for:Sold Jan 28, 2025
$1,075,000

7525 Charles Lane

Ramara (Rural Ramara), ON L0K 2B0

Detached House SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 7525 Charles Lane, Ramara, Rural Ramara

2025-01-14
2025-01-28
Sold
Price
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MLS#
s11921863

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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 7525 Charles Lane, Ramara, Rural Ramara

Discover this stunning raised bungalow just shy of one acre perfectly located steps from Lake Couchiching with deeded access to your own private beachfront. This home offers a unique combination of luxurious living and practical design, making it ideal for families or multi-generational living. The main floor was fully renovated in 2020 and showcases a modern, open-concept layout. The heart of the home is the exquisite kitchen, featuring a 8 foot island, ample storage, and premium finishes. All new flooring and paint throughout create a bright and welcomingot atmosphere. Adjacent to the kitchen, the private dining room is the perfect space to entertain or access the oversiz-fde deck while enjoying serene views of the beautifully landscaped yard. The lower level was also thoughtfully renovated with the upstairs featuring pot lights, updated flooring, and new closet doors. This level offers a fully equipped second kitchen, two spacious bedrooms, a comfortable living room, an office, and a large family room. With a separate entrance and washroom, this space is ideal for accommodating in-laws, extended family, or guests. Additional updated exterior light fixtures enhance the homes curb appeal. Located just 10 minutes from Casino Rama and 5 minutes from Washago, you'll enjoy convenient access to dining, shopping, groceries, parks, a public boat launch, and Highway 11. This home blends lakeside tranquility with proximity to essential amenities, creating the perfect balance for your lifestyle.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,733
Land Transfer Tax Fee
$17,975

Rental Items

Rental Equipment
propane tank- 84.75 (yr)
Under Contract
Propane Tank

Basement Type
Finished, Separate Entrance

Interior Features

Interior Extras
In-Law Capability, Primary Bedroom - Main Floor, Separate Heating Controls, Workbench
View
Trees/Woods
Fireplace/Stove
Yes
Fireplace Features
Living Room, Propane
Elevator
No

Exterior Features

Pool
None
Property Features
Beach, Cul de Sac/Dead End, Lake Access, Lake/Pond, Marina, Rec./Commun.Centre
Other Structures
Garden Shed

Building

Building Type
Detached
Building Style
Bungalow-Raised

Construction

Exterior Finish
Brick Front
Roof
Asphalt Shingle
Foundation Details
Concrete Block
Special Designation
Unknown

Lot

Lot Front
48.00 ft
Lot Depth
104.00 ft
Lot Shape
Irregular

Inclusions

Inclusions
Gazebo, Bench at front door, storage shelf in garage, window coverings (excluding living room), 2 refrigerators, 2 stoves, dishwasher, washing machine, clothes dryer

Exclusions

Exclusions
2 electric fireplaces, 3 stand up freezers, 2 storage racks, benched, wall mounted Dyson vacuum, 2 full length mirrors behind bedroom doors, window coverings in living room

Parking & Garages

Garage Type
Attached
Garage Spaces
2
Parking Spaces
6
Total Garage And Parking Spaces
8

Heating & Cooling

Heat Source
Propane
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Well
Sewers
Septic
Hydro
Yes

Bedrooms
3 + 2
Washrooms
3
Kitchens
2
Family / bonus room
Yes

Room sizes

  • Kitchen—
    Main level, Skylight
  • Dining Room—
    Main level
  • Living Room—
    Main level, Skylight
  • Bedroom—
    Main level, 3 Pc Ensuite
  • Bedroom 3—
    Main level
  • Kitchen—
    Lower level
  • Family Room—
    Lower level
  • Office—
    Lower level
  • Bedroom 4—
    Lower level
  • Bedroom 5—
    Lower level
  • Bedroom 2—
    Main level

Washrooms

  • 4-piece, Main
  • 3-piece, Main
  • 3-piece, Lower

Municipality
Ramara
Neighbourhood
Rural Ramara
Main cross streets
Ellis/Charles
Zoning
SRP

MLS® number
S11921863
Data source
Toronto Regional Real Estate Board
Status change
2025-01-28
Listed on
2025-01-14
Days on market
14 days
Possession date
2025-03-24
Possession type
March 24, 2025
Co-op commission
2.5
Seller
Listed by
COLDWELL BANKER THE REAL ESTATE CENTRE

Home Market Value

Current home valuation for 7525 Charles Lane, Ramara, Rural Ramara, Ramara, ON. Listed for $1,075,000

HOMEH Estimate

?

$1,016,436

Estimated Sales Range

?

$802,984 - $1,229,888

HOMEH Estimate for 7525 Charles Lane, Ramara, Rural Ramara

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

$1,016,436Medium confidence
Based on 14 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Ramara, ON
Minimum Down Payment Required:7.7%

5% on first $500K + 10% on $575,000 over $500K

Minimum down payment

$82,500

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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+CMHC insurance
$39,689$29,993$25,585$0
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$1,031,914$997,493$939,335$860,000
Amortization
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=Mortgage payment
$5,038monthly$4,870monthly$4,586monthly$4,199monthly
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Land Transfer Tax

Provincial

$17,975

Total Land Transfer Tax

$17,975

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