Atherley · L3V 0S1
$550,000
$275 / sq ft2 months on market
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Unique opportunity awaits contractors, builders, developers! The subject property is a 1966 built 2356sf detached brick 3 bedroom bungalow with detached 3 car garage sitting on a 200x300ft 1.37 acre lot Zoned VR Village Residential. The owner undertook major renovations., opening up the main floor, vaulting the ceilings and digging out the crawl space. Much of this work was initiated without proper plans and permits Many repairs were initiated, many left unfinished. Some renos & updates were completed, a newer kitchen, updated baths and newer hardwood flooring and lighting throughout, key among them. The home has two 200 amp panels, modern high efficiency propane furnace with central AC, private well and septic. The house sits within view of Lake Couchiching. The lot has been partially cleared. There is an existing detached garage has been expanded to accommodate 3 cars. It is built but no exterior cladding. Due to structural instability there are no interior showings of the home. The seller will consider providing limited access to buyer with a successful offer. This is a great opportunity for experienced developers and contractors to complete this amazing property.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 8% of comparable detached listings in Atherley are asking less.
Based on 12 comparable active detached listings in Atherley. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $550,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of FOREST HILL REAL ESTATE INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
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