
5240 Prospect Avenue
Ramara (Rural Ramara), ON L3V 0Z1
- 4Bedrooms
- 2Bathrooms
- 0Garage
- 1100–1500Sq Ft
- $4,235Tax
- 78×220 ftLot Size
- Free EstimateSee Free Estimate Report

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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 5240 Prospect Avenue, Ramara, Rural Ramara
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About 5240 Prospect Avenue, Ramara, Rural Ramara
Summarized Description
- Unique historical cabin with rich sports heritage
- Prime waterfront location with stunning sunsets
- Surrounded by luxury estate properties
- Character-filled interior with wood accents
- Four bedrooms and two bathrooms for spacious living
- Four-season lifestyle with nearby recreational activities
- Close to dining and entertainment options
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,235
- Land Transfer Tax Fee
- $20,455
Rental Items
- Rental Equipment
- None.
- Basement Type
- Unfinished, Full
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- Yes
- Fireplace Features
- Wood Stove
- Elevator
- No
Exterior Features
- Exterior Extras
- Deck
- Pool
- None
- Property Features
- Beach, Cul de Sac/Dead End, Lake/Pond, Waterfront
Building
- Building Type
- Detached
- Building Style
- Bungalow
- Approx Age
- 51-99
Construction
- Exterior Finish
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete Block
- Special Designation
- Unknown
Lot
- Lot Front
- 78.00 ft
- Lot Depth
- 220.00 ft
- Lot Shape
- Rectangular
Inclusions
- Inclusions
- Fridge, Stove, Microwave, Owned Hot Water Heater, Gas Barbeque, Existing Indoor and Outdoor Furniture.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 5
- Total Garage And Parking Spaces
- 5
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Well
- Sewers
- Septic
- Bedrooms
- 4
- Washrooms
- 2
- Kitchens
- 1
Room sizes
- Bedroom—Main level, Hardwood Floor, Large Window
- Bedroom—Main level, Hardwood Floor, Large Window
- Bedroom—Main level, Hardwood Floor, Closet, Large Window
- Bedroom—Main level, Hardwood Floor, Window
- Great Room—Main level, Hardwood Floor, Wood Stove, W/O To Deck
- Kitchen—Main level, Hardwood Floor, Breakfast Bar, Sliding Doors
Washrooms
- 2-piece, Main
- 3-piece, Main
- Municipality
- Ramara
- Neighbourhood
- Rural Ramara
- Main cross streets
- Fern Resort Rd/Prospect Ave
- Zoning
- SR1
- Directions
- Fern Resort Rd/Prospect Ave
- Waterfront
- Direct
- MLS® number
- S13567394
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-10-15
- Listed on
- 2026-07-15
- Days on market
- 92 days
- Possession type
- Flexible
- Co-op commission
- 2%
- Seller
- Listed by
- FARIS TEAM REAL ESTATE BROKERAGE
Home Market Value
Current home valuation for 5240 Prospect Avenue, Ramara, Rural Ramara, Ramara, ON. Listed for $1,199,000
HOMEH Estimate
—
Estimated Sales Range
—
HOMEH Estimate for 5240 Prospect Avenue, Ramara, Rural Ramara
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $699,000 over $500K
$94,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $44,123 | $33,452 | $28,536 | $0 |
=Total mortgage | $1,147,203 | $1,112,552 | $1,047,686 | $959,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $5,601monthly | $5,432monthly | $5,115monthly | $4,683monthly |
Land Transfer Tax
$20,455
$20,455
Around this home
No schools found nearby
Data provided by OpenStreetMap & Fraser Institute School Rankings
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