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Listed 1 month ago

2 - 23 Penetang Street

Orillia, Orillia

$549,900

Detached|2-Storey
2 | 2 | 5 | 0
About this home

Step into a rare opportunity to own a beautifully maintained legal duplex that perfectly blends historic charm with modern convenience. This impressive two-storey home features two completely separate self-contained units, each with its own private entrance and dedicated driveway as well as separate electric meters offering exceptional privacy for both owners and tenants .With over 100 years of history, this home has been thoughtfully updated (roof 2021) owner occupied and meticulously maintained while preserving the timeless character that makes it truly special. Original antique details and architectural features remain beautifully intact, showcasing craftsmanship that simply can't be replicated.Ideally located close to schools, shopping, public transit, the hospital, the waterfront, Main Street, and with quick access to Highway 11, this property offers outstanding convenience for commuters, families, and investors alike.Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or accommodate multi-generational living, this unique legal duplex is a rare find that combines character, functionality, and an unbeatable location.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$3,417
mls© NumberS13576224
Listed ByREALTY WEALTH GROUP 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%
$2,815
Property tax
$285
Heat allowance
$150
Housing costs
$3,249 / mo

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

Down payment20% · $109,980
25-yr amortization

Income needed

$100,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$109,980

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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