51 Balsam Rd is a 5-bedroom, 1-bathroom farm in Ramara, listed for $2,698,000. It has 2000-2500 sq ft of living space.
1This is the kind of opportunity that rarely comes along.
2The updated 5-bedroom, 2-bathroom farmhouse provides approximately 2,500 sq ft. of comfortable living space, ideal for a family, rental income, or farm operators.
3The property also features a 24' x 40' three-car garage, a 42' x 60' barn, and a 16' x 40' storage building, supporting a wide range of agricultural or business uses.
This is the kind of opportunity that rarely comes along. A true turnkey farm paired with future development potential, this remarkable 53+ acre property offers the best of both worlds. The updated 5-bedroom, 2-bathroom farmhouse provides approximately 2,500 sq ft. of comfortable living space, ideal for a family, rental income, or farm operators. The land is well-equipped with fenced areas, water and hydro to the barn, a generator for added reliability, and an abundance of fruit trees and raised garden beds, ready for those with a green thumb to step in and start growing. Calling all builders, investors, farmers, and dreamers, this property is positioned on a prime corner just a short walk to the lake and is bursting with potential. With 27 Village Residential (VR) recorded lots already in place, it presents a standout opportunity for developers ready to bring a vision to life, while investors will appreciate the long-term upside in a rapidly growing area. Adding even more value, the remaining lands are zoned Village Residential (VR), Village Commercial (VC), and Village Industrial (VIN) with a Holding provision, offering exceptional flexibility for future mixed-use development. Located within the Village Settlement Area on the Official Plan, this is precisely where growth is being directed, placing you ahead of the curve. The property also features a 24' x 40' three-car garage, a 42' x 60' barn, and a 16' x 40' storage building, supporting a wide range of agricultural or business uses. Lifestyle meets location with walking distance to Champlain Point and Cedar Point, and just minutes to Highway 12. Launch your boat and cruise through the Narrows into Lake Simcoe or Lake Couchiching, enjoying a true four-season playground right at your doorstep. Whether you're building, investing, or farming, this property invites big ideas and even bigger possibilities. Plant your vision, build your legacy, and watch opportunity grow, acre by acre.
5 bedrooms, 1 bathroom, about 2,000 sq ft, works out to roughly $1,349 per square foot. Chat with Zara if you'd like a deeper read on whether this farm fits your budget and timing.
Inside 51 Balsam Rd
Every detail from the listing, in one place.
Type
Farm
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
12 spacesYes garage
Basement
Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
12
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Farm
51 Balsam Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Monthly cost
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An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$13,254
/mo
based on the purchase price of $2,698,000
$539,600 cash
$2,158,400 financed
$1,817,939 total interest
Principal54%$2,158,400
Interest46%$1,817,939
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
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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.
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Keep looking near 51 Balsam Rd
Homes for sale in Ramara
Every active Ramara MLS® listing, updated all day.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio94.8%On average, homes sold below asking.
Active listings234Homes for sale here right now.
Median vs prior 90 days−11.9%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 74 sales from Jul 24 – Oct 22, 2026 (48 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 51 Balsam Rd
How much is 51 Balsam Rd listed for?
51 Balsam Rd is listed at $2,698,000 (MLS® S13061400). Summitly updates the price as soon as the MLS® record changes.
Is $2,698,000 a good price for 51 Balsam Rd?
Summitly rates it Well Above Market: the asking price is 15% or more 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 51 Balsam Rd changed?
Yes — it was first listed at $2,988,000 and is now $2,698,000, a drop of $290,000 (9.7%).
How many bedrooms and bathrooms does 51 Balsam Rd have?
51 Balsam Rd has 5 bedrooms and 1 bathroom, with about 2,000–2,500 square feet of living space. It is a farm home in Ramara.
How much would the monthly mortgage be on 51 Balsam Rd?
About $13,254 a month — principal and interest on $2,698,000 with 20% down ($539,600), 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 51 Balsam Rd compare with other homes in Ramara?
Its asking price of $2,698,000 is about 318% above the median sold price in Ramara over the last 90 days, $645,000, across 74 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 51 Balsam Rd been sold before?
Summitly has no earlier MLS® sale or lease of 51 Balsam Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 51 Balsam Rd?
51 Balsam Rd is in Ramara, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 51 Balsam Rd been on the market?
175 days — 51 Balsam Rd was listed on April 30, 2026.
What is the price per square foot of 51 Balsam Rd?
About $1,079 to $1,349 per square foot: the asking price of $2,698,000 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 51 Balsam Rd have parking or a garage?
Yes — the listing gives 12 parking spaces. Garage: Yes.
Does 51 Balsam Rd have a basement, and is it finished?
The listing describes the basement as: Unfinished.
