Ramara, ON · · MLS® S13477520Updated
$640,000Est. $3,144/mo mortgage
7516 Island Cres W is a 3-bedroom, 2-bathroom detached home in Ramara, listed for $640,000. It has 1500-2000 sq ft of living space.
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Welcome to this charming Cape Cod-style 1.5-storey home, where timeless character meets thoughtful design. Offering over 1,600 sq. ft. of living space, this beautifully maintained home features 3 bedrooms and 2 bathrooms, providing the perfect blend of comfort and functionality.The spacious primary suite is conveniently located on the main floor and includes a walk-in closet and direct walkout access to the rear deck-an ideal spot to enjoy your morning coffee while taking in the peaceful surroundings. The upper level offers two additional bedrooms and a full bathroom, creating a private retreat for family or guests.Set on over an acre of beautifully landscaped property, this unique offering showcases natural stone accents, a private outdoor hot tub, and direct water access to both the Black River and Green River. The expansive yard provides endless opportunities for gardening, outdoor entertaining, or simply enjoying the privacy and tranquility of nature.With its desirable eastern exposure, picturesque setting, and abundance of character, this property is a rare opportunity to enjoy country living with exceptional outdoor space and access to some of the area's most beautiful waterways. Conveniently located just a quick five-minute drive to local amenities, including groceries, a bakery, pharmacy, LCBO, and hardware store, you'll enjoy the perfect balance of peaceful rural living and everyday convenience.
3 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $427 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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1129 Concession Road 9 N/A
3 bd · 1 ba · Detached
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3 bd · 1 ba · Detached
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3458 Amilia Drive
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4551 Orkney Heights
3 bd · 3 ba · Detached
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2 Lantern Court
2 bd · 2 ba · Detached
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4700 Zachary Crescent
3 bd · 3 ba · Detached
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home7516 Island Crescent W 3 bd · 2 ba · 1,500 sqft | $640,000asking | $427 | — | — |
| 1129 Concession Road 9 N/A 3 bd · 1 ba · 1,100 sqft | ||||
| 35 Courtland Street 3 bd · 1 ba · 700 sqft | ||||
| 3458 Amilia Drive 4 bd · 2 ba · 1,500 sqft | ||||
| 4551 Orkney Heights 3 bd · 3 ba · 2,000 sqft | ||||
| 2 Lantern Court 2 bd · 2 ba · 1,100 sqft | ||||
| 4700 Zachary Crescent 3 bd · 3 ba · 1,500 sqft |
3 bd · 1 ba · 1,100 sqft
3 bd · 1 ba · 700 sqft
4 bd · 2 ba · 1,500 sqft
3 bd · 3 ba · 2,000 sqft
2 bd · 2 ba · 1,100 sqft
3 bd · 3 ba · 1,500 sqft
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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.
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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Listing brokerage: KELLER WILLIAMS EXPERIENCE REALTY, BrokerageMLS® S13477520 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
Other 2–3 bed homes for sale in Ramara around $640K.
Homes for sale in Ramara
Every active Ramara MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 78 sales from Jul 15 – Oct 13, 2026 (42 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
7516 Island Cres W is listed at $640,000 (MLS® S13477520). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Excellent Deal: the asking price is 10% or more below 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
Yes — it was first listed at $720,000 and is now $640,000, a drop of $80,000 (11.1%).
7516 Island Cres W has 3 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Ramara.
About $3,144 a month — principal and interest on $640,000 with 20% down ($128,000), 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.
Yes — Saturday, October 17, 11:00 AM – 1:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
Its asking price of $640,000 is about 6% below the median sold price in Ramara over the last 90 days, $684,000, across 78 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.
Summitly has no earlier MLS® sale or lease of 7516 Island Cres W on record from the last two years. Older records aren't shown under TRREB rules.
7516 Island Cres W is in Ramara, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
112 days — 7516 Island Cres W was listed on June 23, 2026.
About $320 to $427 per square foot: the asking price of $640,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Yes — the listing gives 12 parking spaces.
