51 Balsam Road
Ramara, ON
- 53 sqft
- Land
- 423 days on market
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.
Listing Details
- Taxes (2025)
- $4,779
- Originally Listed
- $4,500,000
- Listed
- July 8, 2025
Price History
Listing history
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Utilities
- Water
- Drilled Well
- Sewer
- Septic
Location & Legal
- Cross Street
- Balsam & Courtland
- Zoning
- (VR), ( VR,VC,VIN-(H))
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Business Type
- Residential
Community
Postal area L3V
- Population
- 48,651
- Private dwellings
- 22,293
- Median age
- 47.6
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Ramara · last 12 months
- Median sold price
- $670,000
- Homes sold
- 180
- Median days on market
- 31
- Sale-to-list price
- 95.1%
Based on 180 recorded sales of commercial properties in Ramara over the last 12 months.
Listed by
RE/MAX RIGHT MOVE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $4,779
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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