5240 Prospect Avenue, Ramara, ON
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 $1,199,000 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
- Efficient forced air heating via gas
Description
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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Property Summary
This detached home located at 5240 Prospect Avenue, Ramara is currently for sale and has been available on SousaSells for 45 days. This property is listed at $1,199,000 with an estimated mortgage of $3,991* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 5240 Prospect Avenue, Ramara is in the Rural Ramara neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Rural Ramara, Ramara.
- •4 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •1100-1500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Rural Ramara, Ramara.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Beach
- Cul de Sac/Dead End
- Lake/Pond
- Waterfront
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 5240 Prospect Avenue, Ramara, ON
Q.What is the asking price for 5240 Prospect Avenue, Ramara, ON ?
The current listing price for 5240 Prospect Avenue, Ramara, ON in Rural Ramara, Ramara is $1,199,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 2 bathrooms across approximately 1100-1500 sqft.
Q.What property type and architectural style is 5240 Prospect Avenue, Ramara, ON ?
5240 Prospect Avenue, Ramara, ON is a Detached (Bungalow) featuring a Unfinished, Full basement.
Q.What key property features does 5240 Prospect Avenue, Ramara, ON offer?
Key property features include: Beach, Cul de Sac/Dead End, Lake/Pond, Waterfront.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 5.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Rural Ramara, Ramara
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
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
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Ramara, ON
For a property listed at $1,199,000 in Ramara, the legal minimum down payment is $239,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,455 for this transaction. As this listing is in Ramara (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,455.
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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.
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