5724 Penetanguishene Road, Springwater, ON L0L 1P0

For Sale 7 days on Market MLS® S13249566

Asking Price

$649,000

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5724 Penetanguishene Road, Springwater, ON L0L 1P0

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Overview

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4-SEASON ORR LAKE BUNGALOW WITH TWO PROPERTIES, EXTENSIVE UPDATES & 100+ FT OF SUN-SOAKED SHORELINE! A unique double-lot opportunity on Orr Lake with over 100 feet of south-west facing waterfront. This updated 3-bedroom bungalow includes a separate waterfront parcel at 1 Cedar Lane featuring a 40 ft dock, sandy shoreline, and a 2-car garage with a third waterfront-facing bay for all your toys, complete with a 60 amp pony panel, plus sunset views across the water, where long summer evenings by the water and quiet winter mornings feel like part of daily life. Renovated throughout with an updated kitchen, bath, windows, doors, siding, drilled well, and high-speed internet, this is easy four-season living just 15 minutes from Midland, one hour from the GTA, and close to the public boat launch on Orr Lake. The property also offers strong short-term rental potential.

Bedrooms

Bathrooms

1.0

Area

1,300 sqft

Lot Size

1.0 acres

Type

Detached

Property Details

Year Built1951

CitySpringwater

Postal CodeL0L1P0

Lot Dimensions277.75 × 156.26 ft

Parking6 spaces

Interior Features

Heat: Baseboard

Heat Source: Electric

Cooling: None

Style: Bungalow-Raised

Exterior & Land

Sewer: Septic

Construction: Vinyl Siding

Roof: Asphalt Shingle

Utilities & Services

Heat SourceElectric

SewerSeptic

Financial Information

List Price$649,000

Annual Taxes$2,703 (2025)

Days on Market7

MLS® S13249566 • Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY

5724 Penetanguishene Road, Springwater, ON L0L 1P0

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Purchase Calculator

Home Price

$649,000.00

Location

Down Payment

$136,290.00

Payment Frequency

⚙️ Rate

Your mortgage interest rate can either be Fixed for the term or Variable.

Rate

4.70%

Rate Term

🧾 Amortization

30 years

Scenario Options

First-time Buyer

Newly Built

Insured Prefer

💸 Rental Income

🏠 Home Expenses

Monthly Rent

$900.00

Occupancy (%)

100%

Monthly Expenses

$400.00

Includes

📉 Taxes
🛠️ Maintenance
⚡ Utilities etc.

Total Monthly Cost ⚙️

/month

Principal & interest

Home expenses

Other expenses

Rental income

Monthly Mortgage$0.00
Home Expenses$0.00
Other Expenses$0.00
Rental Income$0.00

Mortgage Amount

$0.00

Closing Costs

$0.00

Mortgage Payment$0.00

Net Mortgage$0.00

Interest paid over term$0.00

Balance end of Term$0.00

Effective Amortization30 Years

Property Location

5724 Penetanguishene Road, Springwater, ON L0L 1P0

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