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Price Change$500,000

232 Shannon Street

Orillia, Orillia

$472,500

Detached|Bungalow-Raised
2 | 3 | 5
About this home

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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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,613
Lot Size50 ft x 119.78 ft
mls© NumberS13511228
Listed ByCentury 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.

Down payment20% · $94,500
25-yr amortization

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 check

Investment Analysis

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

Values and trends

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