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Listed 1 month ago

3151 Monarch Drive

Orillia, Orillia

$860,000

Detached|2-Storey
4 | 4 | 4
About this home

Welcome to 3151 Monarch Drive in Orillia, a beautifully maintained 2-storey detached home offering approximately 2700 sq. ft. of spacious and functional family living. Set on a generous sized lot, this impressive 4-bedroom, 4-bathroom home features a bright open-concept layout with large principal rooms, an eat-in kitchen with granite countertops and stainless steel appliances, convenient main floor laundry, and direct inside access to a built-in double garage with Wi-Fi enabled opener. The upper level offers four generous bedrooms, including two private 4-piece ensuites, with the primary bedroom complete with a walk-in closet. The unfinished walk-out basement provides excellent additional space for storage, recreation, or future potential. Ideally located close to Highway access, public transit, schools, hospital, Costco, Lakehead University, restaurants, downtown Orillia, Bass Lake Provincial Park, parks, trails, recreation facilities, and waterfront amenities, this home combines space, comfort, and everyday convenience in a desirable family-friendly setting.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age0-5
Size2500-3000 sq. ft.
Property Tax$6,969
Lot Size54.43 ft x 115.74 ft
mls© NumberS13565944
Listed ByCENTURY 21 LEADING EDGE REALTY INC.

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%
$4,402
Property tax
$581
Heat allowance
$150
Housing costs
$5,133 / mo

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

Down payment20% · $172,000
25-yr amortization

Income needed

$158,000

gross annual household income

Payment at 4%
$3,619 / mo
Cash down
$172,000

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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