593 Lakeshore Road, Oro-Medonte, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Rural Oro-Medonte. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $320,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 110 x 131 ft lot size
Description
Rare opportunity to own a large corner lot at 593 Lakeshore Road East in beautiful Oro-Medonte, ideally positioned near Lake Simcoe and surrounded by the natural charm, recreation, and tourism the area is known for. This impressive vacant lot offers exceptional frontage, including approximately 134 feet facing the waterway, with additional street frontages of approximately 131 feet and 110 feet, creating excellent visibility, access, and future potential. Backing onto a creek and located in a desirable lakeside setting, this property presents a unique opportunity for buyers, builders, investors, or those looking to secure land in a sought-after area. Held by the same family for many decades and not previously offered for sale, this property provides a rare chance to explore a variety of possible future uses. Based on preliminary discussions and surrounding area precedent, there may be potential to pursue residential development or other creative uses, subject to buyer due diligence, municipal approvals, and any applicable requirements. With its size, corner exposure, proximity to Lake Simcoe, and long-term potential, this is a property worth serious consideration.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 593 Lakeshore Road E, Oro-Medonte, ON L5G 1J4
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About Purchasing a Home in Oro-Medonte, ON
For a property listed at $320,000 in Oro-Medonte, the legal minimum down payment is $16,000 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 $3,275 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 $3,275.
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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.