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Listed 27 days ago

102 - 140 Cedar Island Road

Orillia, Orillia

$1,125,000

Condo Apartment |
3 | 3 | 2 | 1
About this home

Experience luxury waterfront living at Elgin Bay Club. This exceptional main-floor condo offers panoramic views of beautiful Lake Couchiching and an elegant, low-maintenance lifestyle in one of Orillia's premier condominium communities. Featuring 3 spacious bedrooms, 3 bathrooms, rich hardwood flooring throughout, and a convenient in-suite laundry room, this bright, well-appointed suite is designed for comfortable everyday living and effortless entertaining. The functional galley kitchen flows into the open living and dining areas, where expansive windows capture breathtaking lake views. The generous primary suite is a private retreat featuring a beautifully renovated ensuite bathroom, while two additional bedrooms provide flexibility for family, guests, or a home office. Complete with two owned parking spaces and a storage locker, this rare offering also provides the opportunity to rent or purchase a boat slip, making it easy to embrace the waterfront lifestyle. Just minutes from downtown Orillia's shops, restaurants, marinas, parks, and cultural attractions, this is sophisticated lakeside living where every day begins and ends with spectacular Lake Couchiching views.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size2000-2249 sq. ft.
Maintenance Fees$1,892
LockerExclusive
BalconyTerrace
ExposureSouth
Parking TypeUnderground
Parking Spaces2
Parking FeaturesPrivate, Surface, Reserved/Assigned
Property Tax$7,704
mls© NumberS13596096
Listed ByRE/MAX RIGHT MOVE
Water Included
Common Elements Included
Building Insurance Included
Parking 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%
$5,758
Property tax
$642
Heat allowance
$150
Condo fees, half counted
$946
Housing costs
$7,497 / mo

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

Down payment20% · $225,000
25-yr amortization

Income needed

$231,000

gross annual household income

Payment at 4%
$4,734 / mo
Cash down
$225,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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