





243 Mckinnell Street
Orillia, Orillia
$499,000
Good starter or downsizing home with great potential. This bungalow is situated on a nice-sized lot. Two bedrooms on the main floor. (Current tenant using a lower-level rec room as a 3rd bedroom.) A single-car garage plus the paved driveway has room for 5 cars. Large backyard that overlooks the Couchiching Memorial Health Team building, providing privacy for family gatherings. Walking distance to Public School, Mckinnell Square ball diamonds, and Alliance Church is only two doors away.
No extras listed.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,993 |
| Lot Size | 55 ft x 150 ft |
| mls© Number | S13460914 |
| Listed By | RE/MAX RIGHT MOVE |
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%
- $2,554
- Property tax
- $249
- Heat allowance
- $150
- Housing costs
- $2,954 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$91,000
gross annual household income
- Payment at 4%
- $2,100 / mo
- Cash down
- $99,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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