$550,000
For sale: Detached

Unique opportunity awaits contractors, builders, developers! The subject property is a 1966 built 2356sf detached brick 3 bedroom bungalow with detached 3 car garage sitting on a 200x300ft 1.37 acre lot Zoned VR Village Residential. The owner undertook major renovations., opening up the main floor, vaulting the ceilings and digging out the crawl space. Much of this work was initiated without proper plans and permits Many repairs were initiated, many left unfinished. Some renos & updates were completed, a newer kitchen, updated baths and newer hardwood flooring and lighting throughout, key among them. The home has two 200 amp panels, modern high efficiency propane furnace with central AC, private well and septic. The house sits within view of Lake Couchiching. The lot has been partially cleared. There is an existing detached garage has been expanded to accommodate 3 cars. It is built but no exterior cladding. Due to structural instability there are no interior showings of the home. The seller will consider providing limited access to buyer with a successful offer. This is a great opportunity for experienced developers and contractors to complete this amazing property.
Sold data
Detached homes in Ramara (Atherley) took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 41 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 51 days.
The median sale price was $749,000.
Homes sold for about 4.7% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
Based on 41 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Ramara (Atherley) has 1 Fraser Institute–rated school (1 elementary).
School ratings from the Fraser Institute's Ontario school report cards.
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