5240 Prospect Avenue, Ramara, ON

$1,284,000
MLS#:S13120630
4 beds
2 baths
1100-1500 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Rural Ramara. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,284,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 78 x 220 ft lot
  • Features a ["unfinished", "full"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available
  • Notable attributes: None
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

Top 5 Reasons You Will Love This Home: 1) Rare piece of Canadian sports history, this is more than just a cottage, it's a story, an original cabin from the Orr Walton Sports Camp offering a truly one-of-a-kind opportunity, and for hockey enthusiasts, a chance to own a piece of history that simply cannot be replicated 2) Unmatched western exposure with 78' of prime waterfront on Lake Couchiching capturing a full sweep of the evening sky, delivering extraordinary, unforgettable sunsets 3) Location standing in a class of its own, set on one of Orillia's most prestigious waterfront streets and surrounded by luxury estate properties, offering an exclusive and refined setting defined by privacy, pride of ownership, and an elevated sense of lakeside living 4) Kind of character buyers are desperately searching for, capturing the true cottage feel with rich wood interiors, a crackling wood-burning stove, four generous bedrooms and two bathrooms, all wrapped into a warm, inviting space that feels instantly like home, offering an authentic, nostalgic atmosphere filled with unforgettable memories 5) Four-season living with everything at your fingertips, offering more than just a cottage but a lifestyle only 1.5 hours from Toronto, where summers are spent on the water, winters skiing nearby, and evenings enjoying golf, exceptional dining, and entertainment just minutes away, all with close proximity to Casino Rama Resort and everything Orillia has to offer. 1,113 above grade sq.ft. plus an unfinished basement.

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date5/13/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionVinyl Siding
Lot Size78 × 220 Feet
CountySimcoe
Annual Tax$4,235
Legal DescriptionLT 3 PL 152 MARA; PT LT 4 PL 152 MARA PT 1, 40R961 ; RAMARA

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["None"]

Features

Property Features

Beach, Cul de Sac/Dead End, Lake/Pond, Waterfront

Community Features

Location

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5240 Prospect Avenue, Ramara, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 5240 Prospect Avenue, Ramara, ON L3V 0Z1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,027,200
Monthly Mortgage$5,968
Property Tax (Est.)$353
Utilities & Maint.$350
Total Monthly Cost$6,671

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Ramara.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Ramara, Ramara.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$793,559

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Uptergrove
Public4833 Muley Point Road, Ramara Township, Ontario, L3V 8C3
4.5

Secondary Schools

No secondary schools data loaded.

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.