$399,900

For sale

177 Atherley Road, Orillia - Single Family for Sale

177 Atherley Road, Orillia, Ontario, L3V8A9

3 beds1 bath6 parking900 ft²57 × 198 ft (11,249 sq ft) lot sizeListed 60 days ago

Overview

This 3-bedroom, 1-bathroom home in Orillia is for sale offering roughly 900 sq ft of space. Listed at $399,900, it is attractively priced about 38% below the $639,900 median asking price in Orillia. It has been on the market 60 days, fresher than the Orillia average of 67 days.

Houses for Sale in Orillia →All real estate in Orillia →

Description

DON'T JUDGE THIS BOOK BY ITS COVER - THE REAL STORY HERE MAY BE WHAT COMES NEXT! Whether you're looking for an affordable home, an income property or a site for your next development project; 177 Atherley Rd offers a combination of comfortable living today and investment potential for tomorrow. This surprisingly comfortable 3-bedroom bungalow sits on a deep 56' x 198' lot with R3-4 zoning and DEVELOPMENT POTENTIAL that has been explored with the City of Orillia, including authorization for 3-4 duplexes. **You can live in the existing home or rent it out while working with the City, planners and contractors on your future plans ** The property can be severed in half and a Semi-Detached Building can be constructed with1side of the Semi on each lot and then once severed, you're allowed up to 3 additional units on each property provided you can meet the parking and other requirements from the city. Great for generational living and income generating potential. Whether youenvision creating your personal oasis or making a sound investment. Inside is where this home pleasantly surprises! The brand-new kitchen features new cabinetry, appliances and backsplash, while the updated bathroom offers fresh, modern finishes. A new natural-gas forced-air furnace and owned hot water tank take care of two of the less glamorous - but very important - items on the homeowner checklist. The home offers approximately 1,000 sq.ft. above grade, 3 bedrooms, a comfortable living room and full unfinished basement. Outside, there's a long driveway with parking for multiple vehicles and plenty of depth to the property. Yes, Atherley is a busy road and the exterior could use some love - but this may be one of those properties where what it can become is every bit as important as what it is today. Live in it, rent it, improve it or start planning for its next chapter. A home with a future - take a closer look. You may just discover the hidden Investement gem you've been searching for! (id:66096)

Property Details

MLS®: S13749246
Property Type: Single Family
Zoning: R4
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 900 ft²
Lot Size: 57 × 198 ft (11,249 sq ft)
Frontage: 57 ft
Storeys: 1
Style: Bungalow
Basement: Full
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 4.8 x 4.35 meters
Kitchen: 3.25 x 3.14 meters
Primary Bedroom: 3.63 x 2.98 meters
Bedroom 2: 3.63 x 2.39 meters
Bedroom 3: 2.49 x 2.98 meters
Bathroom: 2.39 x 1.48 meters
Other: 3.51 x 2.44 meters
Other: 2.05 x 2.18 meters

Basement

Utility room: 8.52 x 8.55 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All, Water Heater
Foundation: Block
Exterior: Brick
Lot Features: Partially cleared, Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

60d

Orillia listings, avg age

67d

Price / ft²

$444

List price

$400K

Haho

This 3-bed single family in Orillia has been listed for 60 days, which is 7 days fresher than the city average of 67. Act while there is still low competition.

Set a price alert Book a showing

Listed by ONE PERCENT REALTY LTD. · SUE NORI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $399,900, about 5.2× the local median household income of $77,500.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.

Median household income: $77,500
Population: 48,651
Median age: 47.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3V)

$399,900· $444/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$249/mo

Total monthly$2,356

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice