2458 South Orr Lake Road, Springwater

$599,888
2458 South Orr Lake Road

$599,888

New
4d
DetachedBungalow

2458 South Orr Lake Road, Springwater

Total Monthly Obligation $3,184

Beds
2
Baths
1
Park
6
Sqft
700-1100
DOM
4d
Yield
5.7%
Cash on Cash
-0.2%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Detached
MLS® Number-S14093072
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-52237 Acres
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,668 (2025)
Parking-6 - None
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-LPT REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-TBA
Neighbourhood-Rural Springwater
Title-Residential Freehold

No agent assigned

A Unique Opportunity On The Shores Of Orr Lake Offering Approximately 1.2 Acres With Approx. 114 Feet Of Direct Waterfront And A Deep, Approximately 150' X 432' Lot. The Property Currently Has An Older 1,110 Sq. Ft. Two-bedroom Bungalow Together With Three Detached Cottages, Providing A Configuration Rarely Found On The Lake. This Is An Established Waterfront Property Offering Considerable Opportunity For A Buyer Looking To Renovate, Restore Or Reimagine A Sizable Lakefront Holding. With Substantial Lot Depth, Generous Waterfront, Two Driveways And Multiple Existing Structures, The Property Offers An Interesting Canvas For Someone Prepared To Undertake Improvements And Explore Its Future Possibilities. Located On A Paved County Road With Direct Access To Orr Lake, The Property Provides The Space, Setting And Waterfront That Are Increasingly Difficult To Find. Currently Zoned RCH - Residential Conversion Zone. Buyers Interested In Redevelopment, Expansion Or Alternative Uses Should Conduct Their Own Due Diligence With The Appropriate Authorities Regarding Permitted Uses And Approvals. An Opportunity Best Suited To A Buyer Who Recognizes The Value Of The Land, Waterfront And Existing Footprint And Has The Vision To Determine What Comes Next.

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Closing Costs

Mortgage Amount
$479,910
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,951

Total Monthly Obligation

$3,184/mo
Mortgage $2,420
Monthly Loss $2,547
Principal$637
Interest$1,783
Property Tax$389
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2458 South Orr Lake Road

Time

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