For saleExcellent Deal

LandOn market 172 days

5766 Penetanguishene Hwy, Springwater

Springwater, ON · · MLS® S13075354Updated August 24, 2026

$319,000Est. $1,567/mo mortgage

Living space: < 700sq ft

Type Land

What you should know

5766 Penetanguishene Hwy is a land in Springwater, listed for $319,000. It has < 700 sq ft of living space.

Client Remks: Great opportunity to build on premium .65 acre lot with 98 foot frontage on Penetanguishene Service Road (off of Hwy 93) & N Orr Lake Road in coveted family friendly community.
This building lot has been graded and has gated entrances from one onto North Orr Lake Road and one onto the Service Road.
Lot has received approvals from municipality and NVCA for a 3000 SF Home Plus 1200 SF garage, but those permits are not transferrable to a new owner.

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Lots & Land in Springwater

About 5766 Penetanguishene Highway

Client Remks: Great opportunity to build on premium .65 acre lot with 98 foot frontage on Penetanguishene Service Road (off of Hwy 93) & N Orr Lake Road in coveted family friendly community. Located near a golf course. Lake access for fishing and swimming. Close proximity to Wasaga Beach and Mt. St. Louis Moonstone Ski Hills. The property is not directly on Hwy 93,but is visible from there and accessible via a quiet service road with only a few homes. This building lot has been graded and has gated entrances from one onto North Orr Lake Road and one onto the Service Road. Lot has received approvals from municipality and NVCA for a 3000 SF Home Plus 1200 SF garage, but those permits are not transferrable to a new owner. Buyer to do their own due diligence and must resubmit all plans for approval for new building permit(s). Great opportunity to build on premium 65 acre lot with 98 foot frontage on Penetanguishene Service Road (off of Hwy 93) & N Orr Lake Road in coveted family friendly community. Located near a golf course. Lake access for fishing and swimming. Close proximity to Wasaga Beach and Mt. St. Louis Moonstone Ski Hills. The property is not directly on Hwy 93 but is visible from there and accessible via a quiet service road with only a few homes. This building lot has been graded and has gated entrances from one onto North Orr Lake Road and one onto the Service Road. Lot has received approvals from municipality and NVCA for a 3000 SF Home Plus 1200 SF garage, but those permits are not transferrable to a new owner. Buyer to do their own due diligence and must resubmit all plans for approval for new building permit(s) The Buyer and Seller acknowledge and agree that all development charges and fees related to the improvement of the lot are not included in the Purchase Price and will be paid by the Buyer when he applies to build.

works out to roughly $456 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.

Inside 5766 Penetanguishene Hwy

Every detail from the listing, in one place.

Type: Land
Living space: < 700 sq ftas stated on the listing

Features & systems

Lot & land

Lot size (sqft): 28493.54

Listing & possession

Property class: Vacant Land

5766 Penetanguishene Hwy Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

May 3, 2026For saleListedThis listingMLS® S13075354$319,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 5766 Penetanguishene Hwy Compares to the Springwater Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 199 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Springwater market, last 90 days

Median sold price: $890,000
Average sold price: $972,286
Average days on market: 39
Homes sold: 123

Closed sales on the TRREB MLS®.

Full Springwater market report

Recently sold nearby in Springwater

Sold prices are shown free to signed-in members, as board rules require.

3 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home5766 Penetanguishene Highway 0 bd · 0 ba · 700 sqft	$319,000asking	$456	—	—
1912 South Orr Lake Road 0 bd · 0 ba
2322 N Orr Lake Road 0 bd · 0 ba · 700 sqft
10 Noraline Avenue 0 bd · 0 ba

1912 South Orr Lake Road
0 bd · 0 ba
2322 N Orr Lake Road
0 bd · 0 ba · 700 sqft
10 Noraline Avenue
0 bd · 0 ba

Living in Springwater: Location & Amenities

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Costs, Mortgage & Rental Return for 5766 Penetanguishene Hwy

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $1,567; 20% down · 25 years · 5.5% assumed
Property tax: $175; 0.66% mill rate · ON
Total per month: $1,742; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

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Estimated monthly payment

$1,567

/mo

based on the purchase price of $319,000

Down payment20%

$63,800 cash

Amortization25 yr

$255,200 financed

Rate5.50%

$214,945 total interest

Principal54%$255,200

Interest46%$214,945

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.

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Listing brokerage: RE/MAX GEORGIAN BAY REALTY LTD., BrokerageMLS® S13075354 · Listing data last updated August 24, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

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.

For sale· listed May 2· $456/sq ft

Estimated monthly mortgage$1,567/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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