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Listed 1 month ago

608 BROADVIEW Avenue

Orillia, Orillia

$699,900

Detached|Bungalow
2 | 2 | 5
About this home

Welcome to 608 Broadview Ave - Sitting on a quiet street surrounded by multi- million dollar homes, this unique property highlights the old adage that it is better to own the smallest home in the best neighbourhood than the biggest home in an average one. Opportunities to own in the prestigious Couchiching Point community are rare & often beyond the reach of most buyers. 608 Broadview offers an affordable entry into a blue-chip waterfront community where location helps support long-term value. Offering 2 bedrooms & 1.5 baths, this charming 1,100 sq ft bungalow sits just two blocks from Lake Couchiching. This home delivers comfortable single-level living with no stairs to navigate & 2 brand-new heat pumps providing efficient year-round heating/cooling. The large fenced-in backyard creates a private, family & pet-friendly outdoor space, while the detached garage, double driveway & generous parking accommodate up to five vehicles, (room for a boat & trailer). The 144 sq ft insulated & heated Bunkie is ideal as a guest suite, home office or exercise studio. R2 zoning creates income opportunities, with the insulated & heated Bunkie offering rental suite potential through the addition of a kitchenette and bathroom- or he/she shed/yoga space/home office! Municipal sewer & water means no septic upgrade required. Location is where this property truly shines. You're just steps from 65-acre J.B. Tudhope Memorial Park, featuring waterfront trails, beaches, sports fields, a splash pad, playgrounds & some of Orillia's most spectacular lakefront scenery. The renowned Mariposa Folk Festival is practically at your doorstep, while a nearby marina provides convenient access to the Trent-Severn Waterway. Whether you're a first-time buyer, downsizer, investor or someone seeking a premier location with future potential, this property offers an exceptional combination of lifestyle, location & opportunity. Watch the video then book a viewing and buy your slice of affordable Orillia heaven!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,201
Lot Size75 ft x 130 ft
mls© NumberS13520948
Listed ByONE PERCENT 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%
$3,582
Property tax
$267
Heat allowance
$150
Housing costs
$3,999 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$123,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

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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