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New7 days ago

5 - 1 Olive Crescent

Orillia, Orillia

$649,900

Condo Townhouse |
2 | 2 | 3 | 0
About this home

LAKEFRONT LIVING! Don't miss this rare opportunity to own a meticulously maintained end-unit waterfront townhouse condo on Lake Simcoe at a very affordable price. Ideal for professionals, couples, or those downsizing, this turnkey property offers a stylish and convenient lifestyle in a private, 9-unit community, just steps from downtown Orillia. Enjoy a bright, open-concept main floor with a granite kitchen, stainless steel appliances, and a cozy gas fireplace. Relax on your fenced deck with electric awning and stunning lake views. Recent upgrades include new P/T decking and railings, a new furnace (Oct/25), updated windows/doors (2019), and a 6-year-old A/C. With spacious bedrooms, a finished lower level, and an attached garage with mezzanine storage, this home has it all. Plus, enjoy access to a shared dock, Kitchener Park's amenities, and easy access to marinas, shopping, and Casino Rama. Waterfront living at this price won't last!

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agent
Angela Montano
(647) 283-2643
TypeCondo Townhouse
Style2-Storey
Approx. Age31-50
Size1000-1199 sq. ft.
Maintenance Fees$700
LockerNone
BalconyOpen
ExposureWest
Parking TypeAttached
Parking Spaces3
Parking FeaturesNone
Property Tax$5,600
mls© NumberS13668600
Listed BySotheby's International Realty Canada
Water Included

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%
$3,326
Property tax
$467
Heat allowance
$150
Condo fees, half counted
$350
Housing costs
$4,293 / mo

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

Down payment20% · $129,980
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$129,980

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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