5240 Prospect Avenue, Ramara, ON L3V 0Z1
Rural Ramara, Ramara · Near Fern Resort Rd/Prospect Ave · View map
About this home
Top 5 Reasons You Will Love This Home: 1) Rare piece of Canadian sports history, this is more than just a cottage, it's a story, an original cabin from the Orr Walton Sports Camp offering a truly one-of-a-kind opportunity, and for hockey enthusiasts, a chance to own a piece of history that simply cannot be replicated 2) Unmatched western exposure with 78' of prime waterfront on Lake Couchiching capturing a full sweep of the evening sky, delivering extraordinary, unforgettable sunsets 3) Location standing in a class of its own, set on one of Orillia's most prestigious waterfront streets and surrounded by luxury estate properties, offering an exclusive and refined setting defined by privacy, pride of ownership, and an elevated sense of lakeside living 4) Kind of character buyers are desperately searching for, capturing the true cottage feel with rich wood interiors, a crackling wood-burning stove, four generous bedrooms and two bathrooms, all wrapped into a warm, inviting space that feels instantly like home, offering an authentic, nostalgic atmosphere filled with unforgettable memories 5) Four-season living with everything at your fingertips, offering more than just a cottage but a lifestyle only 1.5 hours from Toronto, where summers are spent on the water, winters skiing nearby, and evenings enjoying golf, exceptional dining, and entertainment just minutes away, all with close proximity to Casino Rama Resort and everything Orillia has to offer. 1,113 above grade sq.ft. plus an unfinished basement.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 4
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 6
- Basement
- Unfinished, Full
- Lot size
- 78 x 220 ft
- Faces
- East
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 5
- Total parking
- 5
- Parking features
- Available
Taxes & other
- Property taxes
- $4,235/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- Flexible
- Cross street
- Fern Resort Rd/Prospect Ave
- Neighbourhood
- Rural Ramara
More
- Price per sq ft
- ~$922 (at 1,300 sq ft)
- Listed
- Jul 15, 2026 · 89 days ago
- MLS® number
- S13567394
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The home and its surroundings
- Beach
- Cul de Sac/Dead End
- Lake/Pond
- Waterfront
- Deck
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
5240 Prospect Avenue, Ramara, ON L3V 0Z1
Rural Ramara, Ramara · Near Fern Resort Rd/Prospect Ave
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Listing history for 5240 Prospect Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 5240 Prospect Avenue
Answers come straight from this home’s MLS® listing.
How much is 5240 Prospect Avenue listed for, and what would it cost each month?
5240 Prospect Avenue is listed for $1,199,000. With 20% down ($239,800), the mortgage payment would be roughly $4,836 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,189 a month, all in. That figure is an illustration, not a quote.
Is 5240 Prospect Avenue freehold or a condo, and is there a monthly fee?
5240 Prospect Avenue is a bungalow in Rural Ramara, Ramara. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 5240 Prospect Avenue have?
5240 Prospect Avenue has 4 bedrooms and 2 bathrooms.
Does 5240 Prospect Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 5 spaces. In total the listing counts 5 parking spaces.
Does 5240 Prospect Avenue have a finished basement?
The listing describes the basement as unfinished, full.
What style of home is 5240 Prospect Avenue?
5240 Prospect Avenue is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 5240 Prospect Avenue, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 78 x 220 ft.
How is 5240 Prospect Avenue heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 5240 Prospect Avenue?
Property taxes are $4,235 a year (2025), or about $353 a month.
Where is 5240 Prospect Avenue?
5240 Prospect Avenue is in the Rural Ramara community of Ramara. The nearest main intersection is Fern Resort Rd/Prospect Ave. The postal code is L3V 0Z1.
How long has 5240 Prospect Avenue been on the market?
5240 Prospect Avenue was listed on July 15, 2026. It has been on the market for 89 days. It is an active listing (MLS® S13567394). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 5240 Prospect Avenue asking?
Similar bungalow-style homes for sale nearby right now include 1119 Sajnovic Place at $1,388,000 (4 bed), 5818 Victoria Park Road at $1,249,000 (3 bed) and 1988 Lakeshore Drive at $999,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 5240 Prospect Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 5240 Prospect Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Rural Ramara, picked by style, size and price.
Bungalow$1,388,0001119 Sajnovic Place, Ramara4 bed · 3 bath · Rural RamaraCourtesy of: DREAM HOME REALTY INC.View home →
Bungalow$1,249,0005818 Victoria Park Road, Ramara3 bed · 2 bath · Rural RamaraCourtesy of: REAL BROKER ONTARIO LTD.View home →
Bungalow$999,0001988 Lakeshore Drive, Ramara3 bed · 1 bath · Rural RamaraCourtesy of: REMAX YOUR COMMUNITY REALTYView home →Courtesy of: FARIS TEAM REAL ESTATE BROKERAGE
PropTx MLS® assumes no responsibility for the accuracy of any information shown. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.