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Orillia, Orillia
$630,000
Welcome to Grape Island on the north edge of Lake Simcoe, in Orillia! This little piece of heaven is located on an island, only a 2 min boat ride from mainland, and limited to 52 lots and approx. 45 cottages. 1.5h away from Toronto, Grape Island is a small community of friendly owners. Facing the west (quieter) side of the island in a sheltered cove on a large lot of approx. 102 x 190. Deep water access for boating, boat access only. This wonderful cottage was built in 1951 and has been owned by the same family since 1969. It's ready for a new owner to make it their own and create memories. Everything is original. The main cottage is approx. 750 sqft, includes 1-3p bathroom, kitchen/dining, 2 bedrooms and living area. The heat source is propane, has septic, water is pulled through the lake through UV (updated 2024) filtration, wrap around patio in great shape. 2 bunkies, 1 bedroom and 2 bedrooms. 2 boathouses (grandfathered, no longer permitted to build 2 boathouses on Simcoe), and 2 legal docks. Beautifully landscaped. Convenient mainland parking. Main cottage roof was done in 2012. Newest Boathouse was done in 2017. Older Boathouse and 2 cabins were done in 2024. This cottage is a close escape from the city with stunning sunsets that will take your breath away!
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,568 |
| Lot Size | 102.22 ft x 189.07 ft |
| mls© Number | S13641462 |
| Listed By | REAL BROKER ONTARIO LTD. |
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%
- $3,225
- Property tax
- $297
- Heat allowance
- $150
- Housing costs
- $3,672 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$113,000
gross annual household income
- Payment at 4%
- $2,651 / mo
- Cash down
- $126,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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