Welcome to Lagoon City-a unique community featuring a canal system and direct access to Lake Simcoe. Situated on a picturesque waterfront lot, this property offers a rare opportunity to create an ideal home for full-time living or a weekend retreat.Located within walking distance to the local public school, just 15 minutes to Orillia, and only minutes to Lake Simcoe public beaches, marinas, and OFSC trails-this home offers the perfect balance of convenience and lifestyle.It is an excellent choice for those seeking a property with high investment potential or dreaming of building a modern waterfront home in one of Ontario's most desirable lakeside communities.The house is currently undergoing renovation and is ready for a major overhaul. Interior walls have been stripped down to the framework, allowing the new owner to implement their own design and a modern layout without incurring additional demolition costs.The property will be sold As Is. Don't miss the chance to purchase a unique property and make your dream of waterfront living a reality.
3 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $607 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 43 Ridge Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
5 spacesYes garage
Basement
Crawl Space
Features & systems
Parking & garage
Garage
Yes
Parking spaces
5
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
43 Ridge Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S13882012$425,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 43 Ridge Ave Compares to the Ramara Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,088
/mo
based on the purchase price of $425,000
$85,000 cash
$340,000 financed
$286,369 total interest
Principal54%$340,000
Interest46%$286,369
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Ramara
Other 2–3 bed homes for sale in Ramara around $425K.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio94.5%On average, homes sold below asking.
Active listings244Homes for sale here right now.
Median vs prior 90 days−2.4%Compared with Apr 13 – Jul 12, 2026: prices down.
Based on 75 sales from Jul 12 – Oct 10, 2026 (42 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 43 Ridge Ave
How much is 43 Ridge Ave listed for?
43 Ridge Ave is listed at $425,000 (MLS® S13882012). Summitly updates the price as soon as the MLS® record changes.
Is $425,000 a good price for 43 Ridge Ave?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Ramara. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 43 Ridge Ave changed?
No — 43 Ridge Ave is still listed at its original asking price of $425,000.
How many bedrooms and bathrooms does 43 Ridge Ave have?
43 Ridge Ave has 3 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Ramara.
How much would the monthly mortgage be on 43 Ridge Ave?
About $2,088 a month — principal and interest on $425,000 with 20% down ($85,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 43 Ridge Ave compare with other homes in Ramara?
Its asking price of $425,000 is about 38% below the median sold price in Ramara over the last 90 days, $688,000, across 75 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 43 Ridge Ave been sold before?
Summitly has no earlier MLS® sale or lease of 43 Ridge Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 43 Ridge Ave?
43 Ridge Ave is in Ramara, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 43 Ridge Ave been on the market?
2 days — 43 Ridge Ave was listed on October 8, 2026.
What is the price per square foot of 43 Ridge Ave?
About $386 to $607 per square foot: the asking price of $425,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 43 Ridge Ave have parking or a garage?
Yes — the listing gives 5 parking spaces. Garage: Yes.
Does 43 Ridge Ave have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
