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Listed 27 days ago

93 North Street W

Orillia, Orillia

$599,000

Detached|Bungalow-Raised
3 | 2 | 4
About this home

Opportunity meets versatility in Orillia's highly sought-after North Ward. This legal duplex presents an exceptional investment opportunity while offering the flexibility to suit owner-occupants and multi-generational families alike. With two self-contained units, it's ideal for generating rental income and offsetting your mortgage. The vacant upper unit is move-in ready and features three bedrooms, a 4-piece bathroom, and a spacious kitchen with French doors leading to an oversized backyard. Set on a generous 60 x 151ft lot and surrounded by mature trees, the outdoor space offers privacy and plenty of room for summer BBQs, gardening, or relaxing with family and friends. The legal lower-level studio apartment is currently tenanted with an excellent long-term tenant, providing immediate rental income, and offers a bright kitchen, generous living space, a spacious bathroom, and it's own private entrance and dedicated laundry - comfort, convenience, and independence for both occupants. Complete with a detached garage and ideally located just minutes from parks, schools, shopping, and Orillia's vibrant waterfront, this is a rare opportunity to own a flexible, income-producing property in one of the city's most desirable neighborhoods.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,992
Lot Size60.13 ft x 151.55 ft
mls© NumberS13599272
Listed ByEXP REALTY

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%
$3,066
Property tax
$333
Heat allowance
$150
Housing costs
$3,549 / mo

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

Down payment20% · $119,800
25-yr amortization

Income needed

$109,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

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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