315 Lorimer Lake Rd is a 2-bedroom, 1-bathroom detached home in McDougall, listed for $949,000. It has 1100-1500 sq ft of living space.
1Escape to 206 acres of privacy, nature and endless opportunity.
2The modest yet inviting 2-bedroom, 1.5-bath home is full of warmth and character, featuring exposed wood beams, wall of windows that bring the outdoors in and a cozy propane fireplace.
3The home also includes a full basement for storage or future potential along with a greenhouse area for gardening enthusiasts.
Escape to 206 acres of privacy, nature and endless opportunity. Tucked away in a peaceful setting this well-loved country property is ready for its next chapter. The modest yet inviting 2-bedroom, 1.5-bath home is full of warmth and character, featuring exposed wood beams, wall of windows that bring the outdoors in and a cozy propane fireplace. A screened-in porch offers the perfect place to relax and take in the quiet surroundings while the ductless heat pump provides efficient heating and air conditioning year-round. The home also includes a full basement for storage or future potential along with a greenhouse area for gardening enthusiasts. Outside the property continues to impress with established gardens, an insulated workshop, pole barn, a bunkie and an extensive network of walking and ATV trails winding throughout the acreage. Whether you're looking for a private retreat, recreational property, hobby farm potential or simply room to breathe this rare offering combines comfort, functionality and the beauty of Northern Ontario living. Quiet, private and surrounded by nature - a truly special property waiting to welcome its next owner. By Appointment only
2 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $863 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 315 Lorimer Lake Rd
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
10 spaces
Basement
Separate Entrance, Full
Features & systems
Parking & garage
Parking spaces
10
Interior
Basement
Separate Entrance · Full
Lot & land
Lot size (sqft)
206
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
315 Lorimer Lake Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13166068$949,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 315 Lorimer Lake Rd Compares to the McDougall Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,662
/mo
based on the purchase price of $949,000
$189,800 cash
$759,200 financed
$639,446 total interest
Principal54%$759,200
Interest46%$639,446
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in McDougall
Other 2–3 bed homes for sale in McDougall around $949K.
Average days on market55Homes sold in about 55 days on average.
Sale-to-list ratio96.2%On average, homes sold below asking.
Active listings53Homes for sale here right now.
Median vs prior 90 days+32.8%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 25 sales from Jul 16 – Oct 14, 2026 (16 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 315 Lorimer Lake Rd
How much is 315 Lorimer Lake Rd listed for?
315 Lorimer Lake Rd is listed at $949,000 (MLS® X13166068). Summitly updates the price as soon as the MLS® record changes.
Is $949,000 a good price for 315 Lorimer Lake Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in McDougall. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 315 Lorimer Lake Rd changed?
No — 315 Lorimer Lake Rd is still listed at its original asking price of $949,000.
How many bedrooms and bathrooms does 315 Lorimer Lake Rd have?
315 Lorimer Lake Rd has 2 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in McDougall.
How much would the monthly mortgage be on 315 Lorimer Lake Rd?
About $4,662 a month — principal and interest on $949,000 with 20% down ($189,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 315 Lorimer Lake Rd compare with other homes in McDougall?
Its asking price of $949,000 is about 43% above the median sold price in McDougall over the last 90 days, $664,000, across 25 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 315 Lorimer Lake Rd been sold before?
Summitly has no earlier MLS® sale or lease of 315 Lorimer Lake Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 315 Lorimer Lake Rd?
315 Lorimer Lake Rd is in McDougall, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 315 Lorimer Lake Rd been on the market?
145 days — 315 Lorimer Lake Rd was listed on May 22, 2026.
What is the price per square foot of 315 Lorimer Lake Rd?
About $633 to $863 per square foot: the asking price of $949,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 315 Lorimer Lake Rd have parking or a garage?
Yes — the listing gives 10 parking spaces.
Does 315 Lorimer Lake Rd have a basement, and is it finished?
The listing describes the basement as: Separate Entrance, Full.