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Listed 23 days ago

424 Homewood Avenue

Orillia, Orillia

$775,000

Detached|Bungalow-Raised
2 | 2 | 5
About this home

Welcome to 424 Homewood located in Orillia, this exceptional property offers a rare combination of spacious living and private outdoor space on a double-wide lot. The well-maintained home features two bedrooms on the upper level, including an oversized master bedroom, along with a two-bedroom in-law suite on the lower level. The interior boasts wide wood plank flooring throughout and an upgraded open-concept kitchen with granite countertops. Additional highlights include a beautiful bathroom with a soaker tub and a versatile lower-level room ideal for use as an office, craft room, or extra bedroom. The in-law suite offers a separate entrance from the detached drive-through garage. Outdoors, the property provides a private, fenced-in pool area and fully fenced yard surrounded by stunning gardens. Additional features include a fire pit, natural gas BBQ hookup, two sheds, and a brand-new air conditioning unit complete with a 10-year warranty. This home presents an ideal blend of comfort, functionality, and convenience. Situated in the heart of the city while offering exceptional privacy, it is perfectly suited for families, multi-generational living, or those seeking an income-producing opportunity.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,868
Lot Size92.92 ft x 171.54 ft
mls© NumberS13610426
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%
$3,967
Property tax
$406
Heat allowance
$150
Housing costs
$4,522 / mo

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

Down payment20% · $155,000
25-yr amortization

Income needed

$139,000

gross annual household income

Payment at 4%
$3,261 / mo
Cash down
$155,000

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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