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Listed 2 months ago

313 - 140 Cedar Island Road

Orillia, Orillia

$639,900

Condo Apartment |
2 | 2 | 2 | 0
About this home

Welcome to The Elgin Bay Club, a sought-after waterfront condominium community, just steps from downtown Orillia's shops, restaurants, waterfront trails, and amenities. This beautifully maintained 1,100 sq. ft. suite offers a bright, open-concept layout with modern décor, 2 bedrooms, 2 full bathrooms, and a separate den, providing excellent flexibility for guests, a home office, or additional living space.The galley-style kitchen features granite countertops, under-cabinet lighting, and all appliances included, while the spacious living room offers a cozy gas fireplace and walkout access to the large patio. A second walkout further enhances the indoor-outdoor flow, creating a wonderful space to relax or entertain.Additional highlights include all window coverings, 2 parking spaces, and a premium waterfront boat slip - a rare and valuable feature for those looking to enjoy the very best of Orillia's waterfront lifestyle. Owners all have access to a large community room, and a designated roof top patio with spectacular views overlooking lake Couchiching! For added peace of mind, all special assessments have been paid in full, with no further assessments currently pending, and the multidisciplinary engineering and management firm is in the final stages of completing all related work. This move-in-ready condo is in an exceptional location, offering comfort, convenience, and waterfront living all in one.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,197
LockerNone
BalconyNone
ExposureWest
Parking TypeUnderground
Parking Spaces2
Parking FeaturesReserved/Assigned
Property Tax$4,073
mls© NumberS13466150
Listed ByCENTURY 21 B.J. ROTH REALTY LTD.
Water Included
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%
$3,275
Property tax
$339
Heat allowance
$150
Condo fees, half counted
$599
Housing costs
$4,363 / mo

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

Down payment20% · $127,980
25-yr amortization

Income needed

$134,000

gross annual household income

Payment at 4%
$2,693 / mo
Cash down
$127,980

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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