$725,000

For sale

93 Westmount Drive South, Orillia - Single Family for Sale

93 Westmount Drive South, Orillia, Ontario, L3V6E2

5 beds2 baths4 parking900 ft²62 × 175 ft (10,850 sq ft) lot sizeListed 24 days ago

Overview

This 5-bedroom, 2-bathroom home in Orillia is for sale offering roughly 900 sq ft of space. It has been on the market 24 days, fresher than the Orillia average of 68 days.

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Description

Fantastic investment opportunity at 93 Westmount Drive S in Orillia! This versatile two-unit income property sits on a huge lot and offers ample parking for both units. The upper unit features three bedrooms, one bathroom, a spacious kitchen with loads of counter space, and a functional layout ideal for families. The lower unit includes two bedrooms, one bathroom, and another generously sized kitchen with plenty of prep and storage space. An excellent opportunity for investors, multi-generational living, or buyers looking to live in one unit while generating rental income from the other. Conveniently located close to shopping, schools, parks, transit, and everyday amenities. (id:66096)

Property Details

MLS®: S13996452
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 4
Interior Size: 900 ft²
Lot Size: 62 × 175 ft (10,850 sq ft)
Frontage: 62 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Carport, No Garage
Ownership: Freehold
Property Tax: $3,704/yr

Rooms

Main level

Kitchen: 6.05 x 3.15 meters
Living room: 5.5 x 3.65 meters
Primary Bedroom: 3.95 x 3.02 meters
Bedroom 2: 3.3 x 3 meters
Bedroom 3: 3.06 x 3.05 meters

Lower level

Bedroom 4: 3.48 x 3.4 meters
Bedroom 5: 3.5 x 3.36 meters
Living room: 8 x 3.5 meters
Kitchen: 4.02 x 3.5 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Flooring: Laminate
Foundation: Poured Concrete
Exterior: Brick
Lot Features: Carpet Free, Sump Pump

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

Orillia listings, avg age

68d

Price / ft²

$806

List price

$725K

Haho

This 5-bed single family in Orillia has been listed for 24 days, which is 44 days fresher than the city average of 68. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · MATT GIUNTA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

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.

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)

$725,000· $806/ft²

For sale

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Full Cost Breakdown

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Down Payment6.55% · $47,500.00

Min 6.55%50%

Mortgage payment$3,756/mo

↳ CMHC premium ($27,100 capitalized)

Property tax (est.)$309/mo

Total monthly$4,065

Cash Needed to Close

Down payment (6.55%)$47,500

Land transfer tax$10,975

Est. closing costs$4,675

Total cash needed$63,150

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