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Listed 18 days ago

2 Vanessa Drive

Orillia, Orillia

$1,099,000

Detached|2-Storey
4 | 4 | 8
About this home

Top 5 Reasons You Will Love This Home: 1) Perfectly positioned in the heart of Orillia, this spacious legal duplex offers exceptional convenience, walkability, and the rare chance to own a high-quality multi-unit property in a highly desirable neighbourhood 2) Inside the main residence, you'll find a bright, open-concept layout complemented by a generous primary bedroom with a private ensuite, an ideal combination of comfort and modern style for families or those who love to entertain 3) The kitchen has been fully updated, featuring brand-new appliances, a refreshed upper-level flooring, upgraded stairs, stylish light fixtures, and sleek new blinds, resulting in a move-in-ready space with lasting appeal 4) A fully legal, self-contained lower-level suite provides outstanding flexibility for rental income, extended family, or multi-generational living, adding both convenience and financial value to the property 5) Rounding out this impressive home are a spacious two-car garage, an extended driveway, and elegant stamped concrete accents surrounding the exterior, delivering both functionality and striking curb appeal, with immediate possession of the main house ensures a smooth and seamless move. 2,455 above grade sq.ft plus a finished basement. *Please note some images have been virtually staged to show the potential of the home.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age16-30
Size2000-2500 sq. ft.
Property Tax$5,396
Lot Size75.56 ft x 111.53 ft
mls© NumberS13628384
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

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%
$5,625
Property tax
$450
Heat allowance
$150
Housing costs
$6,225 / mo

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

Down payment20% · $219,800
25-yr amortization

Income needed

$192,000

gross annual household income

Payment at 4%
$4,625 / mo
Cash down
$219,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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