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201 Cedar Island Road

Orillia, Orillia

$2,599,900

Detached|2-Storey
3 | 4 | 5
About this home

Tucked along a quiet bay on Lake Couchiching, this stunning waterfront cottage or year-round home offers the peaceful lifestyle you've been dreaming of. Just minutes from downtown Orillia, this property has everything you need for fun, rest, and making lasting memories. Fully renovated in 2019, the home is bright, open, and full of charm. With 3 bedrooms and 4 bathrooms, theres space for family and friends to stay and play. The large windows bring in natural light and give you clear views of the water from many rooms. It's cozy in the winter and a dream in the summer. Step outside and you'll find what really makes this place special - a boathouse like no other. Sitting right on the waters edge, this space has two glass garage doors that open to let the breeze in, plus a sliding patio door. It's perfect for movie nights, games, or just relaxing by the lake. Head up the stairs and discover the incredible rooftop patio with glass railings, an outdoor kitchen with BBQ, cozy fire tables, and comfy seating for all. Whether you're hosting friends or enjoying a quiet evening, its the place to be. The lot is wide, flat, and grassy - great for kids, pets, and outdoor games. There's a waterside fire pit, a long dock for boats and swimming, and even a two-car garage with extra space above for a future bunkie, studio, or gym. Cottage charm. City access. Four-season fun. This is your chance to own something truly special on the lake.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age100+
Size2000-2500 sq. ft.
Property Tax$8,811
Lot Size75 ft x 191.65 ft
mls© NumberS12151443
Listed ByENGEL & VOLKERS BARRIE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$13,307
Property tax
$734
Heat allowance
$150
Housing costs
$14,192 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $519,980
25-yr amortization

Income needed

$437,000

gross annual household income

Payment at 4%
$10,941 / mo
Cash down
$519,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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