3251 Ravenshoe Road, East Gwillimbury, ON

Rural East Gwillimbury, East Gwillimbury · MLS® N13780556

$620,000
For Sale
Listed 35 days agoNo offer date stated
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3Bedrooms
2Bathrooms
3Parking
1100-1500Sq ft

About this home

In short

  • Bright and Spacious 3 Bedroom Home with a huge backyard space.
  • Under renovation and perfect for a young family or a couple downsizing.
  • Extremely convenient: 10 mins away from boat lunch into Lake Simcoe, 10 mins away from beach, 10 mins away from highway.

Bright and Spacious 3 Bedroom Home with a huge backyard space. Under renovation and perfect for a young family or a couple downsizing. Quiet and peaceful Area. Extremely convenient: 10 mins away from boat lunch into Lake Simcoe, 10 mins away from beach, 10 mins away from highway. Excellent area for Fishing enthusiasts.

Key facts

Property type
Detached, Bungalow
MLS®
N13780556
Bedrooms
3
Bathrooms
2
Size
1100-1500 sq ft
Lot
80 × 90 ft
Cross streets
Ravenshoe Rd/ Warden Ave
Parking
3 parking
Driveway
Front Yard Parking
Basement
None
Heating
Baseboard
A/C
None
Exterior
Concrete, Vinyl Siding
Foundation
Concrete
Roof
Shingles
Sewer
Septic
Property tax
$1,624 / 2025
Days on market
35
Listing brokerage
ROYAL LEPAGE TERREQUITY REALTY
Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read
What sellers nearby are askingCurrently listed nearby · asking prices
$1.41Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $1,567/sqft; this home lists at $477/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
620kThis home850k1.70M1.68MThis home vs active comparables

Neighbourhood & location

Rural East Gwillimbury, East Gwillimbury, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Queensville
$1.35M
Mt Albert
$1.10M
Sharon
$1.55M
Holland Landing
$1.20M

Typical asking price of active listings of the same type, per area (outliers removed). East Gwillimbury.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$2,826/mo
$115KIncome needed
5.4×Price ÷ income
$652Weekly cost
$8,875Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

95%mortgage
Mortgage $2,826Property tax $135Total carry $2,961

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,742per month

Mortgage amount $496,000 · 4.49% over 25 years

$124,000Down payment (20.0%)
$496,000Loan before insurance
$0CMHC premium
$2,878Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,742
Property tax
$135
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$2,878

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$8,875
Estimated closing costs
$8,875

Plus your down payment of $124,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,319/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$326,741Total interest paid
$822,741Total of all payments
Principal $496,000 Interest $326,741
YearPrincipalInterestBalance
1$11,069$21,841$484,931
2$11,571$21,338$473,360
3$12,097$20,813$461,264
4$12,646$20,264$448,618
5$13,220$19,690$435,398
6$13,820$19,089$421,578
7$14,448$18,462$407,130
8$15,104$17,806$392,026
9$15,789$17,120$376,237
10$16,506$16,403$359,731
11$17,256$15,654$342,475
12$18,039$14,870$324,436
13$18,858$14,051$305,577
14$19,715$13,195$285,863
15$20,610$12,300$265,253
16$21,545$11,364$243,708
17$22,524$10,386$221,184
18$23,546$9,363$197,638
19$24,615$8,294$173,022
20$25,733$7,177$147,289
21$26,901$6,008$120,388
22$28,123$4,787$92,265
23$29,400$3,510$62,865
24$30,735$2,175$32,130
25$32,130$779$0

At the end of your 5-year term

Total paid over the term
$164,548
Principal paid down
$60,602
Interest paid
$103,946
Balance remaining
$435,398

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$2,300/mo
$27,600Gross annual rent
3.5%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

4.5%
Gross yield
− Property tax $1,624− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $21,540

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE TERREQUITY REALTY. MLS®/PropTx.

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