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$599,888
Springwater
2458 South Orr Lake Road, Springwater, Ontario, L0L1P0
This 2-bedroom, 1-bathroom home in Springwater is for sale offering roughly 900 sq ft of space. It has been on the market 16 days, fresher than the Springwater average of 78 days.
A Unique Opportunity On The Shores Of Orr Lake Offering Approximately 1.2 Acres With Approx. 114 Feet Of Direct Waterfront And A Deep, Approximately 150' X 432' Lot. The Property Currently Has An Older 1,110 Sq. Ft. Two-bedroom Bungalow Together With Three Detached Cottages, Providing A Configuration Rarely Found On The Lake. This Is An Established Waterfront Property Offering Considerable Opportunity For A Buyer Looking To Renovate, Restore Or Reimagine A Sizable Lakefront Holding. With Substantial Lot Depth, Generous Waterfront, Two Driveways And Multiple Existing Structures, The Property Offers An Interesting Canvas For Someone Prepared To Undertake Improvements And Explore Its Future Possibilities. Located On A Paved County Road With Direct Access To Orr Lake, The Property Provides The Space, Setting And Waterfront That Are Increasingly Difficult To Find. Currently Zoned RCH - Residential Conversion Zone. Buyers Interested In Redevelopment, Expansion Or Alternative Uses Should Conduct Their Own Due Diligence With The Appropriate Authorities Regarding Permitted Uses And Approvals. An Opportunity Best Suited To A Buyer Who Recognizes The Value Of The Land, Waterfront And Existing Footprint And Has The Vision To Determine What Comes Next. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 78 days across the listings currently for sale in this city
This 2-bed single family in Springwater has been listed for 16 days, which is 62 days fresher than the city average of 78. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,888, about 5.7× the local median household income of $106,000.
Carrying it typically needs a household income of about $117,179 (20% down, 25-yr amortization, stress-tested) — roughly 11% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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