$524,800

For sale

#212 140 Cedar Island Road, Orillia - Single Family for Sale

#212 140 Cedar Island Road, Orillia, Ontario, L3V1T1

3 beds2 baths1 parking1,100 ft²$976/mo condo feeListed 20 days ago

Overview

This 3-bedroom, 2-bathroom condo in Orillia is for sale offering roughly 1,100 sq ft of space. Listed at $524,800, it is attractively priced about 5% below the $550,000 median asking price in Orillia. It has been on the market 20 days, fresher than the Orillia average of 67 days.

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Description

Enjoy the best of Orillia's waterfront lifestyle at Elgin Bay Club! This bright and inviting1,070 sq. ft. condominium offers 2 bedrooms, 2 full bathrooms and a separate enclosed den,ideal for a home office or hobby room. Features include hardwood and ceramic flooring, afunctional-style kitchen with granite countertops, cozy gas fireplace, central vacuum and two private balconies, one off the living room and another off the spacious primary bedroom. The primary ensuite offers a relaxing soaker tub and separate shower. Enjoy carefree living in this secure, beautifully landscaped building featuring a rooftop terrace with spectacular views of Lake Couchiching, private dock access, heated underground parking and a storage locker. Recent building improvements include the roof and exterior stucco/siding. Leave the car at home and stroll to the Port of Orillia, waterfront trails, Couchiching Beach Park, downtown shops,restaurants, Metro and LCBO. Enjoy nearby pickleball, sailing, boating and summer concerts at the bandshell. An exceptional opportunity to downsize without compromising lifestyle, space or convenience! (id:66096)

Property Details

MLS®: S14081528
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground, Inside Entry, Shared
Fireplace: Yes
Waterfront: Yes
Condo Fee: $976/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,181.52/yr

Rooms

Main level

Kitchen: 3.65 x 2.08 meters
Den: 3.96 x 2.43 meters
Living room: 5.48 x 3.65 meters
Primary Bedroom: 5.63 x 3.35 meters
Bathroom: 4.11 x 1.82 meters
Bedroom 2: 3.04 x 2.89 meters
Bathroom: 2.89 x 1.52 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, Central Vacuum, Barbeque, Dishwasher, Stove, Dryer, Garage door opener remote(s)
Foundation: Poured Concrete
Exterior: Stucco
Lot Features: Backs on greenbelt, Flat site, Conservation/green belt, Elevator, Lighting, Balcony, Dry, Level

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Orillia listings, avg age

67d

Price / ft²

$477

List price

$525K

Haho

This 3-bed single family in Orillia has been listed for 20 days, which is 47 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RE/MAX REALTY SERVICES INC. · JULIANNE BUDD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $524,800, about 6.8× the local median household income of $77,500.

Carrying it typically needs a household income of about $102,512 (20% down, 25-yr amortization, stress-tested) — roughly 32% 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)

$524,800· $477/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,480

Min 5.24%50%

Mortgage payment$2,757/mo

↳ CMHC premium ($19,893 capitalized)

Property tax (est.)$348/mo

Condo fee$976/mo

Total monthly$4,081

Cash Needed to Close

Down payment (5.24%)$27,480

Land transfer tax$6,971

Est. closing costs$4,074

Total cash needed$38,525

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