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New5 days ago

426 Highland Avenue

Orillia, Orillia

$699,900

Detached|Bungalow
3 | 2 | 5
About this home

This updated 3-bedroom bungalow in sought after North Ward sits on a generous 68' x 125' lot. The main floor features bright open-concept living with gunstock hardwood, custom trim, and large picture windows. The kitchen is outfitted with porcelain tile, stainless steel appliances, and a breakfast bar. Original hardwood floors run through all three main-floor bedrooms, served by an updated 4-piece bath. Downstairs, a separate side entrance opens to a basement-ideal for an in-law suite or multi-generational layout. This level includes a large family room with a gas fireplace, wet bar, office space, updated laundry room, and a spa-like bath and a custom walk-in shower. Extensively updated, major mechanicals include the electrical panel, plumbing, gas furnace, central air, ductwork, and tankless hot water system. Outside offers 3 large decks , 2 - 16' x 16' and 1 - 8' x 13', single garage, and widened driveway. Walk to Lake Couchiching, downtown Orillia, parks, and daily amenities.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,182
Lot Size68 ft x 125 ft
mls© NumberS13675538
Listed ByRE/MAX HALLMARK CHAY 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%
$3,582
Property tax
$348
Heat allowance
$150
Housing costs
$4,081 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$126,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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