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51 Balsam Road, Ramara, ON L3V 0K8, Ramara, Ontario

commercial · MLS® S12270560

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$3,200,000

MLS# S12270560

51 Balsam Road, Ramara, ON L3V 0K8

Ramara, Ontario L3V 0K8

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New Listing· Listed null days on marketPopular· 124 views todayHot Property· High interest
About This Property

Incredible opportunity to acquire 53.80 acres of future development land in Ramara, including 27 fully registered lots zoned VR and ready for immediate development. These lots require only an agreement to construct the road to municipal standards; no additional planning applications are needed. The remaining land is also zoned VR, VC, and VIN-(H), and is included in Ramaras Secondary Official Plan. The holding provisions (as outlined on page 66 of the Official Plan) can be removed through a Plan of Subdivision once approved. The first step for further development would be a pre-consultation for the subdivision process. The property spans four separate parcels and is partially regulated by the LSRCA. Currently used as a farm, the property features a charming 2,500 sq. ft. farmhouse, a 24' x 40' garage, a 42' x 60' barn, and a 40' x 16' hay storage building. Additional highlights include two wells, a septic system, and a natural gas service.

Property Details

Property Type

Commercial

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Location

Map View

51 Balsam Road, Ramara, ON L3V 0K8, Ramara, Ontario

About 51 Balsam Road, Ramara, ON L3V 0K8

This Commercial at 51 Balsam Road, Ramara, ON L3V 0K8 is listed for sale in Ramara, Ontario at $3,200,000.

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Ramara is a thriving community in Ontario with excellent amenities, schools, parks, and transit access. Whether you are a first-time buyer, growing family, or investor, this commercial represents a compelling opportunity in Ramara's real estate market.

MLS® number S12270560. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

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$3,200,000

20% ($640,000)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$15,721

*Principal & Interest only. Does not include taxes or insurance.

Principal$2,560,000
Total Interest$2,156,192
Total Cost$5,356,192
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

Contact About This Property
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