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Listed 2 months ago

258 Bay Street

Orillia, Orillia

$1,499,900

Detached|2 1/2 Storey
4 | 3 | 6
About this home

This premium waterfront property offers an exceptional location just minutes from Orillia's downtown core and Couchiching Beach Park. Situated on a deep, mature lot with expansive, unobstructed views of the water, the main residence spans approximately 3,200 square feet, featuring four bedrooms, three bathrooms and is highlighted by unique architectural details such as a striking curved dining room with floor-to-ceiling windows, a grand spiral staircase and a spacious living area. Adding significant versatility to the property is a fully finished caretakers premises on the lower level with waterfront views. Combining substantial square footage, unmistakable character and rare waterfront proximity to Orillia's amenities, this property presents a remarkable opportunity in a highly sought-after neighbourhood.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size3000-3500 sq. ft.
Property Tax$8,991
Lot Size55.35 ft x 276 ft
mls© NumberS13511876
Listed ByRoyal LePage Quest

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%
$7,677
Property tax
$749
Heat allowance
$150
Housing costs
$8,576 / mo

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

Down payment20% · $299,980
25-yr amortization

Income needed

$264,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$299,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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