$725,000
Orillia
25 Lankin Boulevard, Orillia, Ontario, L3V6T1
This 4-bedroom, 3-bathroom home in Orillia is for sale offering roughly 1,300 sq ft of space. It has been on the market 47 days, fresher than the Orillia average of 66 days.
Here is an opportunity that is all about location, potential and a lifestyle that is difficult to duplicate. Situated on 60 feet of frontage on the Lankin Canal, this unique Orillia property offers direct boating access to Lake Simcoe right from your own backyard. Keep your boat at the private dock and head out onto the lake whenever the mood strikes, all while enjoying the convenience of an in-town location with Lankinwood Park directly across the street. The approximately 2,300 sq.ft. all-brick, two-storey home offers plenty of space and plenty of potential, along with a double car garage and a flexible layout that could be reimagined to suit the next owner's needs. The upper level is filled with natural light and features a kitchen, dining area, living room, 3 bedrooms and a 4-piece bath. The original primary bedroom and 3-piece ensuite have been separated from the main living space and are currently being used as a studio apartment with its own exterior entrance. Reconnecting this space would restore the upper level to a 4-bedroom layout including a primary bedroom with ensuite, while the existing configuration may offer other possibilities subject to the necessary approvals. The lower level provides additional in-law or extended family potential with a bedroom, 3-piece bath, kitchen and living area with brick fireplace and gas insert, but requires some finishing. There is work to be done here, including flooring, decks and general updating, but the fundamentals are difficult to duplicate: a substantial brick home, double garage, private dock and direct boat access to Lake Simcoe. An opportunity for the buyer who can see beyond what is here today and imagine what this canal-front property could become. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 47 days on market, against an average age of 66 days across the listings currently for sale in this city
This 4-bed single family in Orillia has been listed for 47 days, which is 19 days fresher than the city average of 66. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $725,000, about 9.4× the local median household income of $77,500.
Carrying it typically needs a household income of about $141,618 (20% down, 25-yr amortization, stress-tested) — roughly 83% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3V)
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