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Orillia, Orillia
$472,500
Opportunity awaits at 232 Shannon Street in Orillia. This raised bungalow offers a practical layout with 2 bedrooms on the main level, 1 additional bedroom in the lower level, a 4-piece bathroom on the main floor, and a 3-piece bathroom in the basement. The home requires updating and repair, making it a suitable option for buyers, renovators, or investors looking to build equity and add their own vision. The rear yard includes a large two-level deck, offering outdoor space with potential for future improvement. Located in an established Orillia neighbourhood, this property is close to schools, parks, trails, shopping, transit, and everyday amenities, with convenient access to Orillia's Tudhope Park, downtown, and major commuter routes. A great opportunity for those seeking value in a well established area.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,613 |
| Lot Size | 50 ft x 119.78 ft |
| mls© Number | S13511228 |
| Listed By | Century 21 B.J. Roth Realty Ltd. |
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%
- $2,418
- Property tax
- $301
- Heat allowance
- $150
- Housing costs
- $2,870 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$88,000
gross annual household income
- Payment at 4%
- $1,988 / mo
- Cash down
- $94,500
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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