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Listed 26 days ago

55 Laurentian Lane

Orillia, Orillia

$725,000

Detached|2-Storey
3 | 4 | 6
About this home

Low traffic area, original owners, established residential neighborhood. Steel roof, entirely fenced (6' height wood) rear yard, S.G.D. from dining area to large deck 12' x 39'. Lower level designed for multi-generational living with living room (or recreation room), den, small kitchen, one bedroom, 3 pc bath with shower. Large main floor family room has gas fire place. The primary bedroom has a four piece bath ensuite and walk-in closet. Short walk to Homewood Park with pickle ball courts. Public transit too.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$4,670
Lot Size50 ft x 102 ft
mls© NumberS13601612
Listed ByRE/MAX RIGHT MOVE

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%
$3,711
Property tax
$389
Heat allowance
$150
Housing costs
$4,250 / mo

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

Down payment20% · $145,000
25-yr amortization

Income needed

$131,000

gross annual household income

Payment at 4%
$3,051 / mo
Cash down
$145,000

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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