5724 & 1 Penetanguishene Road & Cedar Lane
Springwater, ON
3 bed • 1 bath • approx. 1100-1500 sqft • Detached • 150 days on market
TWO PROPERTIES, ONE INCREDIBLE WATERFRONT OPPORTUNITY ON ORR LAKE! Some homes give you a place to live, and some give you a place to escape to, but this one gives you both, with a cozy bungalow on one property and your own separate waterfront parcel across the road on Orr Lake. This unique two-property offering spans a combined 0.84 acres. Water views from the house and easy access to the shoreline create a lifestyle filled with dock days, shoreline fires, paddling, fishing, and time spent on the water. The main residence at 5724 Penetanguishene Road is set on a municipally maintained year-round road and offers open-concept principal rooms, including an updated kitchen with stainless steel appliances, ample cabinetry, and a large peninsula with a double sink, while the adjacent living area is warmed by a cozy gas fireplace. Significant updates have already been completed, including vinyl siding, windows, drywall, the well, pressure tank, shingles, and a recently pumped septic. At 1 Cedar Lane, the waterfront parcel offers over 100 feet of private shoreline, a 40 ft dock, and a 2-car garage with electric heat and a 60-amp panel. Orr Lake is known for great fishing, and with a public boat launch on the lake plus opportunities for boating and winter skating, this is where full-time living comes with a little more freedom, a little more fun, and a whole lot more lake life!
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $2,703
- Listed
- March 24, 2026
Price History
Listing history
Sign in to view
Property
- Style
- Bungalow-Raised
- Age
- 51-99
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- Carpet Free, Primary Bedroom - Main Floor, Storage, Water Heater Owned
- Lot Size
- 277.75 x 156.26 Feet
Utilities
- Water
- Drilled Well
- Sewer
- Septic
- Heat Source
- Electric
Location & Legal
- Cross Street
- Moonstone Rd W/Penetanguishene Rd
- Zoning
- RC (H) & RS
- Parcel Number
- 583740468
- Possession
- Flexible
Commercial
- Occupancy
- Owner
Included
- Inclusions
- Fridge, Gas Range Stove, Vent Hood, Washer, Dryer, Owner Hot Water Heater, Dock & Shed.
- Exclusions
- Boat Lift, Pine Shelf In Primary Bedroom, Cut Walnut Wood Stacked.
- Rental Items
- None.
Waterfront
- Water Body
- Orr Lake
- Shoreline
- Shallow, Soft Bottom, Sandy
- Docking
- Private
Schools
Elementary
- Hillsdale Elementary School4.8 km
Public · Simcoe County DSB · 180 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 41% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L0L
- Population
- 42,022
- Private dwellings
- 19,252
- Median age
- 46.8
- Average household size
- 2.7
- Median household income
- $106,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Springwater · last 12 months
- Median sold price
- $879,000
- Homes sold
- 287
- Median days on market
- 30
- Sale-to-list price
- 96.2%
Based on 287 recorded sales of residential freehold properties in Springwater over the last 12 months.
Rooms
3-piece on Main
Main
- Bedroom 217'7" x 7'11"
- Bedroom 312'11" x 9'7"
- Dining Room13'1" x 5'8"
- Kitchen13'1" x 9'1"
- Living Room13'1" x 21'2"
- Other11'1" x 7'5"
- Primary Bedroom11'1" x 9'9"
Listed by
RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Location
Mortgage Calculator
$149,980
Estimated Monthly Payment
$3,684
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,684/mo (20% down, 5.5%)
Taxes: $225/mo · Insurance: $187/mo
Estimates only. Consult a financial advisor.