$630,000

For sale

70 Ivy Lane, Orillia - Single Family for Sale

70 Ivy Lane, Orillia, Ontario, L3V6H1

5 beds1 bath1 parking1,300 ft²102 × 189 ft (19,326 sq ft) lot sizeListed 93 days ago

Overview

This 5-bedroom, 1-bathroom home in Orillia is for sale offering roughly 1,300 sq ft of space. Its $630,000 asking price sits right in line with the $639,900 median in Orillia.

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Description

Welcome to Grape Island on the north edge of Lake Simcoe, in Orillia! This little piece of heaven is located on an island, only a 2 min boat ride from mainland, and limited to 52 lots and approx. 45 cottages. 1.5h away from Toronto, Grape Island is a small community of friendly owners. Facing the west (quieter) side of the island in a sheltered cove on a large lot of approx. 102 x 190. Deep water access for boating, boat access only. This wonderful cottage was built in 1951 and has been owned by the same family since 1969. It's ready for a new owner to make it their own and create memories. Everything is original. The main cottage is approx. 750 sqft, includes 1-3p bathroom, kitchen/dining, 2 bedrooms and living area. The heat source is propane, has septic, water is pulled through the lake through UV (updated 2024) filtration, wrap around patio in great shape. 2 bunkies, 1 bedroom and 2 bedrooms. 2 boathouses (grandfathered, no longer permitted to build 2 boathouses on Simcoe), and 2 legal docks. Beautifully landscaped. Convenient mainland parking. Main cottage roof was done in 2012. Newest Boathouse was done in 2017. Older Boathouse and 2 cabins were done in 2024. This cottage is a close escape from the city with stunning sunsets that will take your breath away! (id:66096)

Property Details

MLS®: S13641462
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 1,300 ft²
Lot Size: 102 × 189 ft (19,326 sq ft)
Frontage: 102 ft
Storeys: 1
Style: Raised bungalow
Basement: None
Heating: Propane, Other
Cooling: None
Garage: Other, No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Foyer: 1.29 x 3.64 meters
Laundry room: 3.6 x 1.87 meters
Bathroom: 2.27 x 1.86 meters
Primary Bedroom: 2.27 x 3.14 meters
Bedroom 2: 2.27 x 2.79 meters
Kitchen: 3.5 x 6.03 meters
Living room: 5.87 x 3.41 meters
Bedroom 3: 2.69 x 3.3 meters
Bedroom 4: 2.43 x 3.3 meters
Bedroom 5: 3.03 x 2.77 meters

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

Features

Appliances: Refrigerator, Water purifier, Dishwasher, Stove, Window Coverings
Foundation: Block
Exterior: Wood

Services

Water: Lake/River Water Intake
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

93d

Orillia listings, avg age

68d

Price / ft²

$485

List price

$630K

Haho

This 5-bed single family in Orillia is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by REAL BROKER ONTARIO LTD. · HEATHER HADDEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $630,000, about 8.1× the local median household income of $77,500.

Carrying it typically needs a household income of about $123,061 (20% down, 25-yr amortization, stress-tested) — roughly 59% 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)

$630,000· $485/ft²

For sale

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Full Cost Breakdown

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Down Payment6.03% · $38,000

Min 6.03%50%

Mortgage payment$3,282/mo

↳ CMHC premium ($23,680 capitalized)

Property tax (est.)$297/mo

Total monthly$3,579

Cash Needed to Close

Down payment (6.03%)$38,000

Land transfer tax$9,075

Est. closing costs$4,390

Total cash needed$51,465

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