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1 / 0
Listed 2 months ago

31 - 12 LANKIN Boulevard

Orillia, Orillia

$418,880

Condo Townhouse |
3 | 1 | 2 | 0
About this home

Discover the perfect blend of comfort, value, and lakeside living in this charming 3-bedroom townhome at the revitalized Lankin Shores community, just moments from the shores of beautiful Lake Simcoe. Offering exceptionally low monthly common element fees, this home presents an affordable opportunity in a peaceful, well-maintained neighbourhood. Spanning three levels, the home features a bright and spacious living room, an updated kitchen and dining area, and a walkout to a private deck and backyard-ideal for outdoor entertaining or relaxing summer evenings. The second level includes a generously sized bedroom with access to a private balcony, while the upper level offers two additional bedrooms, providing flexibility for families, guests, or a home office. The unfinished lower level features two large windows and offers excellent potential to create additional living space tailored to your needs. An attached garage with parking for one vehicle, an additional driveway space, and convenient visitor parking complete this attractive package.

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agent
Angela Montano
(647) 283-2643
TypeCondo Townhouse
Style3-Storey
Approx. Age31-50
Size1200-1399 sq. ft.
Maintenance Fees$216
LockerNone
BalconyOpen
ExposureSouth West
Parking TypeAttached
Parking Spaces2
Parking FeaturesNone
Property Tax$3,885
mls© NumberS13459880
Listed ByRE/MAX RIGHT MOVE
Common Elements Included

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%
$2,144
Property tax
$324
Heat allowance
$150
Condo fees, half counted
$108
Housing costs
$2,726 / mo

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

Down payment20% · $83,776
25-yr amortization

Income needed

$84,000

gross annual household income

Payment at 4%
$1,763 / mo
Cash down
$83,776

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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Comparable sales

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