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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 13 days

    5724 Penetanguishene Road

    Rural Springwater·Springwater, ON·L0L 1P0·Near Moonstone Rd W/Penetanguishene Rd

    • 3 beds
    Springwater real estate›S13249566
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    4-Season orr lake bungalow with two properties, extensive updates & 100+ ft of sun-soaked shoreline! A unique double-lot opportunity on Orr Lake with over 100 feet of south-west facing waterfront. This updated 3-bedroom bungalow includes a separate waterfront parcel at 1 Cedar Lane featuring a 40 ft dock, sandy shoreline, and a 2-car garage with a third waterfront-facing bay for all your toys, complete with a 60 amp pony panel, plus sunset views across the water, where long summer evenings by the water and quiet winter mornings feel like part of daily life. Renovated throughout with an updated kitchen, bath, windows, doors, siding, drilled well, and high-speed internet, this is easy four-season living just 15 minutes from Midland, one hour from the GTA, and close to the public boat launch on Orr Lake. The property also offers strong short-term rental potential.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 5, 2026ListedCurrentFor sale$649,000 —S13249566This page
    May 25, 2026Previously listedTer$699,000 —S13171272View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      5
      Heating
      Baseboard
      Air conditioning
      None
      Fireplaces
      1
      Water source
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 5724 Penetanguishene Road
    What's nearby

    Points of interest classified by the MLS® feed.

    • Beach
    • Golf
    • Greenbelt/Conservation
    • Lake/Pond
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $3,188
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $225
    0.42% mill rate · ON
    The market

    How this home sits in the Springwater market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Springwater market right now

    Average sold price, days on market, and closed-transaction count for Springwater — sourced from MLS®.

    • Avg sold price
      $1,020,897
      Last 30 days
    • Median sold price
      $893,805
      Middle of the market
    • Days on market
      38 d
      Avg from list to close
    • Closed last 30d
      81
      MLS® transactions
    Full Springwater market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 5724 Penetanguishene Road — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 5724 Penetanguishene Road and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 5724 Penetanguishene Road listed for?

      5724 Penetanguishene Road is listed at $649,000 on the MLS® (listing S13249566). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 5724 Penetanguishene Road have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 1 bath
  2. 1100-1500 sqft
  3. Detached
  4. Built 51-99
  5. .50-1.99 ac lot
  6. Asking
    $649,000
    $0 / sqft · MLS® S13249566
    Chat Zara
  7. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,020,897
    $939,225Confidence range$1,102,569
    Asking vs estimate
    ↓below
    −$371,897
    (-36.4%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 3 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Springwater sell in about 38 days — this one has been listed 13 days.

    Avg sold price
    $1,020,897
    Median sold
    $893,805
    Avg days on market
    38
    Recently sold
    81
    See comparable sales
    Walk through online
    Listing agent has provided two interactive tours
    Open virtual tourWatch video tour
    4-Season orr lake bungalow with two properties, extensive updates & 100+ ft of sun-soaked shoreline!
  8. A unique double-lot opportunity on Orr Lake with over 100 feet of south-west facing waterfront.
  9. The property also offers strong short-term rental potential.
  10. Ask Zara a follow-up
    Well
    Sewer
    Septic
  11. Parking & garage

    4
    Garage
    Detached
    Garage spaces
    2
    Parking spaces
    6
    Driveway
    Private Double, Available
  12. Interior

    7
    Basement
    Unfinished, Partial Basement
    Family room
    N
    Kitchens
    1
    Total rooms
    6
    Laundry level
    Main Level
    Elevator
    N
    Accessibility
    N
  13. Exterior & construction

    6
    Exterior
    Vinyl Siding
    Roof
    Asphalt Shingle
    Foundation
    Concrete Block
    View
    Garden, Lake, Trees/Woods, Water
    Waterfront
    Y
    Pool
    None
  14. Lot & land

    2
    Year built
    51-99
    Zoning
    RC (H) & RS
  15. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    Bungalow-Raised
    Property class
    Detached
  16. Room-by-room · 7 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    7 rooms
    • Living Room
      Fireplace
      13.1 × 21.2 ft
    • Dining Room
      13.1 × 5.7 ft
    • Other
      11.1 × 7.4 ft
    • Primary Bedroom
      11.1 × 9.7 ft
    • Bedroom 2
      17.6 × 7.9 ft
    • Bedroom 3
      12.9 × 9.6 ft
    • Kitchen
      13.1 × 9.1 ft
  17. Park
  18. Waterfront
  19. Combined estimate
    $3,413
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $3,188
    /mo
    based on the purchase price of $649,000
    $129,800 cash
    $519,200 financed
    $437,303 total interest
    Monthly payment$3,188/ month
    Principal54%$519,200
    Interest46%$437,303

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Springwater

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 12 Idlewood Drive
      Sold
      Sign in for price
      12 Idlewood Drive
      Detached
    • 40 Stone Street
      Sold
      Sign in for price
      40 Stone Street
      Detached
    • 8 Byers Street
      Sold
      Sign in for price
      8 Byers Street
      Detached
    • 95 Calypso Avenue
      Sold
      Sign in for price
      95 Calypso Avenue
      Detached
    • 2053 26 Highway
      Sold
      Sign in for price
      2053 26 Highway
      Detached
    • 9 Corbett Street
      Sold
      Sign in for price
      9 Corbett Street
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    5724 Penetanguishene RoadThis home3 / 111,001,500$649,000ask———
    12 Idlewood Drive3 / 42,000—
    40 Stone Street4 / 42,000—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Springwater

    Active listings within ±20% of this asking price.

    • 32 Graham Street
      $710,000
      32 Graham Street
      Detached 2 2
    • 2268 Flos Road 10
      $764,900
      2268 Flos Road 10
      Detached 3 2
    • 5 Allan Court
      $748,800
      5 Allan Court
      Detached 2 3
    • 1008 Rainbow Valley Road
      $750,000
      1008 Rainbow Valley Road
      Detached 2 2
    • 66 Scarlett Line
      $723,888
      66 Scarlett Line
      Detached 3 2
    • 2174 Atkinson Road
      $659,000
      2174 Atkinson Road
      Detached 2 1
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  20. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  21. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  22. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  23. Public listing courtesy of RE/MAX HALLMARK PEGGY HILL GROUP REALTY · displayed on Summitly per MLS® data-share rules

    5724 Penetanguishene Road is a 3-bedroom, 1-bath, 1100-1500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  24. When was 5724 Penetanguishene Road built?

    5724 Penetanguishene Road was built in 51-99. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  25. What is the property tax for 5724 Penetanguishene Road?

    The 'Property tax' tab in the History section shows the most recent annual tax for 5724 Penetanguishene Road plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  26. How much would the monthly mortgage be on 5724 Penetanguishene Road?

    The affordability calculator on this page shows an estimated monthly mortgage for $649,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  27. Has 5724 Penetanguishene Road been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 5724 Penetanguishene Road with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  28. What neighbourhood is 5724 Penetanguishene Road in?

    5724 Penetanguishene Road is in Rural Springwater, Springwater. The 'Neighbourhood' section below links to the live Springwater real estate hub with average sold price, days on market, and current inventory.

  29. Is Springwater a good place to live?

    Springwater is one of ON's actively-tracked Summitly markets. The full Springwater real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  30. 8 Byers Street
    3 / 4
    2,000
    —
    95 Calypso Avenue4 / 32,000—
    2053 26 Highway4 / 32,000—
    9 Corbett Street4 / 42,000—