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$549,000
Orillia
233 West Street North, Orillia, Ontario, L3V5C9
This 5-bedroom, 2-bathroom home in Orillia is for sale offering roughly 900 sq ft of space. Listed at $549,000, it is attractively priced about 14% below the $639,900 median asking price in Orillia. It has been on the market 5 days, fresher than the Orillia average of 67 days.
One Property, Endless Possibilities! Discover an exceptional opportunity in Orillia with this detached raised bungalow offering two self-contained residential units. Ideal for investors, first-time buyers, or multi-generational families, this versatile property offers the flexibility to live in one unit while generating rental income from the other. The vacant, freshly painted main level welcomes you with a spacious open-concept living, dining, and kitchen area, complemented by large windows that fill the space with natural light. The lower level is currently tenanted, providing an existing source of rental income. Each level features its own laundry facilities, offering added convenience and independence for both households. Situated on a generous 74 x 110 ft lot, the property also features an attached garage and an impressive driveway with parking for up to seven additional vehicles outdoors - a rare convenience for larger households, guests, or multiple occupants. Whether you're looking to offset your mortgage, accommodate extended family, or expand your investment portfolio, this property offers flexibility to suit your needs. Conveniently located close to schools, shopping, parks, and Orillia's beautiful waterfront, this is an opportunity to make homeownership and investment work together. Explore the possibilities at 233 West Street North! Some photos have been virtually staged for illustration purposes. Furniture and decor are not included in the sale. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Just listed: 5 days on market, against an average age of 67 days across the listings currently for sale in this city
This 5-bed single family in Orillia has been listed for 5 days, which is 62 days fresher than the city average of 67. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $549,000, about 7.1× the local median household income of $77,500.
Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 38% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3V)
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Loading rates, 30-yr amortization
Cash Needed to Close
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