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Listed 28 days ago

109 - 140 Cedar Island Road

Orillia, Orillia

$747,000

Condo Apartment |
2 | 2 | 1 | 1
About this home

Wake up to breathtaking, unobstructed views of Lake Couchiching from the comfort of your own home at the highly sought-after Elgin Bay Club. Perfectly positioned on the main floor, this exceptional waterfront condo offers approximately 1,600 sq. ft. of bright, thoughtfully designed living space where panoramic lake views take centre stage. Expansive windows frame the sparkling water from the main living areas, while walkout access allows you to step outside and fully embrace the beauty of the shoreline and ever-changing scenery.Featuring 2 spacious bedrooms plus a versatile den and 2 full bathrooms, this condo offers the perfect blend of comfort and functionality. The open-concept layout is flooded with natural light, creating an inviting space for relaxing or entertaining with Lake Couchiching as your backdrop. Freshly painted throughout the main living area, the home also offers generous in-suite storage for everyday convenience.Enjoy the ultimate waterfront lifestyle with your own private boat slip at the condo dock, providing direct access to Lake Couchiching whenever the mood strikes. Additional features include underground parking, a dedicated storage locker, and a secure, professionally managed building.Residents of Elgin Bay Club enjoy outstanding amenities, including a rooftop terrace with spectacular panoramic views of the lake and city skyline, along with a party room for entertaining family and friends.Rarely does an opportunity arise to own a condo where the lake is the focal point from so many rooms. Whether you're watching the sunrise over the water, enjoying the peaceful views throughout the day, or setting out for an afternoon on the lake, this is waterfront living at its finest in one of Orillia's most desirable lakefront communities. Quick closing available.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age16-30
Size1400-1599 sq. ft.
Maintenance Fees$1,259
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeAttached
Parking Spaces1
Parking FeaturesUnderground, Reserved/Assigned, Private
Property Tax$6,077
mls© NumberS13593936
Listed ByRE/MAX RIGHT MOVE
Parking Included
Building Insurance Included
Common Elements Included
Water Included

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%
$3,823
Property tax
$506
Heat allowance
$150
Condo fees, half counted
$630
Housing costs
$5,109 / mo

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

Down payment20% · $149,400
25-yr amortization

Income needed

$157,000

gross annual household income

Payment at 4%
$3,143 / mo
Cash down
$149,400

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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