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Listed 10 days ago

79 Frederick Street

Orillia, Orillia

$499,000

Detached|Bungalow
3 | 1 | 8
About this home

ESTATE SALE - A Rare Opportunity in the Heart of Historic Orillia! Offered for the first time in generations, this cherished family home was lovingly built by the original family in 1946 and has remained in the same family ever since. Now ready for its next chapter, this property is brimming with potential for renovators, investors, and buyers looking to build equity. Situated on a generous corner lot at Frederick Street and McKinnell Street, the property offers exciting potential for severance (buyer to complete their own due diligence). With two separate driveways-one on Frederick Street and one on McKinnell Street-there is ample parking and excellent access. Inside, you'll find a spacious layout featuring 3 bedrooms, 1 bathroom, a large kitchen and dining area, and original oak strip hardwood flooring throughout much of the main level, just waiting to be restored to its former beauty. A new roof was installed in 2024, providing an excellent head start on renovations. The full, unfinished basement offers endless possibilities for additional living space, a recreation room, workshop, or hobby area. Water and sewer connections are already in place, creating the potential to add a future basement bathroom. Whether you're a handy homeowner looking to transform a solid home into your dream property, or an investor seeking a rental opportunity while exploring the property's future development potential, this is a rare chance to unlock exceptional value. Located in the heart of Old Orillia, you'll enjoy being just minutes from the hospital, shopping, schools, parks, beaches, the recreation centre, and all the amenities that make this historic neighbourhood so desirable.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,553
Lot Size81.6 ft x 131.6 ft
mls© NumberS13655208
Listed ByCENTURY 21 B.J. ROTH REALTY 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%
$2,554
Property tax
$296
Heat allowance
$150
Housing costs
$3,000 / mo

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

Down payment20% · $99,800
25-yr amortization

Income needed

$92,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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