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Listed 12 days ago

3046 Monarch Drive

Orillia, Orillia

$981,000

Detached|Bungaloft
4 | 5 | 5
About this home

Welcome to this exceptional raised bungalow with a unique loft design, offering an impressive blend of luxury, functionality, and versatility. Set on a spectacular ravine lot, this beautifully appointed home features 4 spacious bedrooms above grade, including a private loft retreat complete with its own bedroom and full bathroom-ideal for guests, extended family, or a home office. The sun-filled main level showcases open to above family room, hardwood floors, and an open concept layout designed for both everyday living and entertaining. The modern kitchen is equipped with stainless steel appliances and overlooks the elegant living and dining spaces, all framed by picturesque ravine views.The professionally finished lower level offers incredible flexibility with 3 additional bedrooms, a kitchenette, pot lights throughout, and a separate layout with outstanding in-law or income potential. The oversized 3 car tandem garage provides ample parking and storage. Thoughtfully upgraded throughout with exceptional craftsmanship and attention to detail, this turnkey home leaves nothing to be desired. Ideally located just moments from Costco, Home Depot, shopping, restaurants, transit, parks, and every major convenience, this is a rare opportunity to own a one-of-a-kind home in an unbeatable location. A truly must-see property that perfectly combines elegant bungalow living with the added versatility of a loft.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungaloft
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$8,087
Lot Size49.21 ft x 127.66 ft
mls© NumberS13650796
Listed ByRE/MAX REALTRON REALTY INC.

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%
$5,021
Property tax
$674
Heat allowance
$150
Housing costs
$5,845 / mo

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

Down payment20% · $196,200
25-yr amortization

Income needed

$180,000

gross annual household income

Payment at 4%
$4,128 / mo
Cash down
$196,200

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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