2616 Ridge Road, Oro-Medonte, ON

$18,500,000
MLS#:S8477622
11 beds
6 baths
5000 + sqft
34.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Shanty Bay. Expertly crafted featuring premium stone construction, this residence presents an exceptional opportunity offered at $18,500,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 11 Bedrooms and 6 Bathrooms with 3 functional kitchens
  • Generous living space spanning 5000 + sqft on a premium 528.05 x 1191.05 ft lot
  • Features a finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 34.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Accessory Apartment, Auto Garage Door Remote, Central Vacuum
  • equipped with central air central cooling and highly efficient other heating via other

Description

"Lighthouse Estate," a prestigious address on the serene shoreline of Kempenfelt Bay, is an elegant offering nestled in a picturesque neighbourhood of some of the finest waterfront homes in Ontario. This gated family compound boasts 17.54 acres of meticulously manicured grounds, offering stunning views of Lake Simcoe and its iconic lighthouse. Two grand residences, each with six bedrooms, seven bathrooms, and attached three-car garages with self-contained apartments, grace the property, along with two additional detached garages. Mirroring each other structurally yet individually distinct in style and finishes, the homes are examples of sophisticated architecture. Soaring ceilings and expansive windows bathe the interiors in natural light. Each kitchen is a Chefs dream with top of the line appliances, custom cabinetry & walk outs to sprawling patios, perfect for alfresco dining and entertaining. Each residence provides a resort like feel with private primary suites and individual balconies, spas, offices, gyms, bars, theatre rooms, and game rooms. A sparkling pool glistens in the sunlight while meandering pathways lead to 525 feet of waterfront, complemented by a sandy beach and in-water boathouse with sundeck. Enjoy South exposure & all day sun. A sports court, playground & serenity pond complete this offering. Accessed via a gatehouse with staff quarters, this property is a true oasis of luxury and refinement, just one hour from Toronto and 10 minutes from a regional airport. This immaculate property offers a rare blend of elegance, modern convenience, and natural beauty, making it truly exceptional. For those who appreciate the finer things in life, this address is a symbol of success, sophistication, and taste. A journey into a world of exquisite beauty and unparalleled luxury, where every detail has been carefully curated to create a truly extraordinary property.

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Property Summary

This detached home located at 2616 Ridge Road, Oro-Medonte is currently for sale and has been available on SousaSells for 772 days. This property is listed at $18,500,000 with an estimated mortgage of $61,580* per month. It has 11 beds, 6 bathrooms, and is 5000 + square feet. 2616 Ridge Road, Oro-Medonte is in the Shanty Bay neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
11
Bathrooms
6
Kitchens
3
Living Area
5000 + sqft
Property Type
Residential Freehold

Additional Details

StatusExpired
Listed Date5/31/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStone
BasementFinished with Walk-Out, Full
Lot Size528.05 × 1191.05 Feet
CountySimcoe
Annual Tax$109,410.62
Legal DescriptionPT LT 1 RANGE 1 ORO; PT LT 2 RANGE 1 ORO; PT WATER LOT NO. CL 3920 RANGE 1 ORO PTS 3 & 4 51R25303; ORO-MEDONTE

Parking & Garage

Parking Spaces34.0
Garage Spaces24
Garage TypeAttached

Heating & Cooling

Heat SourceOther
Heat TypeOther
CoolingCentral Air

Features

Property Features

Waterfront, Beach, Golf, Hospital, Marina, Park

Interior Features

Accessory Apartment, Auto Garage Door Remote, Central Vacuum, Generator - Full, Separate Heating Controls, Ventilation System, Water Treatment

Security Features

Community Features

Location

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2616 Ridge Road, Oro-Medonte, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 2616 Ridge Road W, Oro-Medonte, ON L0L 2L0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Oro-Medonte.

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Interest Rate4.00%
Down Payment$5,550,000 (30.0%)
* Minimum Canadian down payment required for this price is $3,700,000.
Amortization Period30 Years
Estimated Monthly Payment$61,580Based on a loan of $12,950,000 over 30 years.
Purchase Price$18,500,000
Loan Amount$12,950,000
Provincial Land Transfer Tax:$448,975
Total Estimated Closing Taxes:$448,975

About Purchasing a Home in Oro-Medonte, ON

For a property listed at $18,500,000 in Oro-Medonte, the legal minimum down payment is $3,700,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $448,975 for this transaction. As this listing is in Oro-Medonte (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $448,975.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Shanty Bay, Oro-Medonte.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$2,286,746

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Guthrie
Public22 Highway 11, Oro-Medonte, Ontario, L0L 2E0
7.2

Secondary Schools

No secondary schools data loaded.

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.