$675,000

For sale

#301 140 Cedar Island Road, Orillia - Single Family for Sale

#301 140 Cedar Island Road, Orillia, Ontario, L3V1T1

3 beds2 baths2 parking1,700 ft²$1,494/mo condo feeListed 37 days ago

Overview

This 3-bedroom, 2-bathroom condo in Orillia is for sale offering roughly 1,700 sq ft of space. It has been on the market 37 days, fresher than the Orillia average of 66 days.

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Description

Westerly views of Lake Couchiching, framed in oversized windows in this renovated corner unit! This beautifully renovated corner unit offers 1,602 sq ft, 3 bedrooms, and 2 bathrooms, with stunning views over Lake Couchiching and Couchiching Park. The open-concept kitchen was renovated in 2020, featuring Dekton quartz countertops, a tile backsplash, custom cabinetry, a full pantry with shelving, a GE gas range, a Bosch dishwasher, instant hot water (2020) and reverse osmosis filtration at the kitchen tap. Custom cabinetry in the entrance and crown moulding throughout add extra function and polish. The waterfront living room boasts a gas fireplace and a walkout to a private balcony, ideal for taking in those westerly sunset views. New hardwood flooring in all bedrooms, updated bathroom vanities, Levolor electric roll-down shades, and central vac (2020), new hot water tank in 2020 complete this move-in-ready home. A new furnace and A/C (2024) provide year-round comfort. Enjoy the rooftop common patio for additional outdoor living space, steps from Couchiching Park. This unit includes 1 exclusive underground parking spot, 1 locker, and 1 above-ground designated parking spot. Ideally located in the city core as a corner unit, with an easy walk to downtown shopping and the park. (id:66096)

Property Details

MLS®: S13834610
Property Type: Single Family
Zoning: R5i(H1)
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,700 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Waterfront: Yes
Condo Fee: $1,494/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata

Rooms

Main level

Foyer: 3.6 x 1.57 meters
Kitchen: 4.82 x 3.36 meters
Living room: 6.72 x 3.86 meters
Primary Bedroom: 4.56 x 3.86 meters
Bathroom: 4.11 x 1.81 meters
Bedroom 2: 4.75 x 2.91 meters
Bedroom 3: 4.08 x 2.49 meters
Bathroom: 2.48 x 1.51 meters
Den: 5.13 x 2.87 meters
Laundry room: 2.5 x 2.45 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, Dishwasher, Range, Dryer, Window Coverings, Water Heater
Flooring: Tile, Hardwood
Foundation: Poured Concrete
Exterior: Stucco
Lot Features: Elevator, Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

Orillia listings, avg age

66d

Price / ft²

$397

List price

$675K

Haho

This 3-bed single family in Orillia has been listed for 37 days, which is 29 days fresher than the city average of 66. Act while there is still low competition.

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Listed by RE/MAX RIGHT MOVE · DANIEL STOUTT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $675,000, about 8.7× the local median household income of $77,500.

Carrying it typically needs a household income of about $131,851 (20% down, 25-yr amortization, stress-tested) — roughly 70% 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)

$675,000· $397/ft²

For sale

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Full Cost Breakdown

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Down Payment6.30% · $42,500.00

Min 6.30%50%

Mortgage payment$3,507/mo

↳ CMHC premium ($25,300 capitalized)

Property tax (est.)$516/mo

Condo fee$1,494/mo

Total monthly$5,516

Cash Needed to Close

Down payment (6.30%)$42,500

Land transfer tax$9,975

Est. closing costs$4,525

Total cash needed$57,000

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