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New6 days ago

8 Edna Street

Orillia, Orillia

$649,900

Detached|Backsplit 3
3 | 2 | 6
About this home

Welcome to this 3-bedroom, 2-bathroom bungalow offering 1,517 sq ft above grade in a convenient location close to highway access, shopping, schools, parks, and other everyday amenities. With a functional layout and plenty of potential, this home is a great opportunity for first-time buyers, investors, or those looking to add their own personal touches over time.Inside, the main floor features a large kitchen with ample cabinet and counter space, comfortable living areas, and two walkouts leading to decks overlooking the backyard. The lower level includes additional living space and a kitchenette, offering flexibility for extended family, guests, or future possibilities.Outside, the backyard features mature surroundings and a storage shed, providing extra space for tools, seasonal items, or hobbies. A solid opportunity in an accessible location with plenty of potential to make it your own.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBacksplit 3
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$4,460
Lot Size55 ft x 121.29 ft
mls© NumberS13670930
Listed ByRoyal LePage Lakes Of Muskoka - Clarke Muskoka Realty

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
$372
Heat allowance
$150
Housing costs
$3,848 / mo

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

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

Income needed

$118,000

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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