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BEDROOMS4
BATHROOMS4
KITCHENS10
ROOMSS8221400
MLSIDContact Us
Property Description
Top 5 Reasons You Will Love This Property: 1) Discover this impeccably maintained legal fourplex ideally situated near Soldiers Memorial Hospital, offering effortless access to all that Orillia has to offer 2) With versatile C1 zoning, this property opens doors to a multitude of uses with one unit, previously a hairdresser's salon and now awaits residential or commercial occupancy 3) Recently upgraded, each unit radiates brightness and ease with efficient electric baseboard heating, minimizing the need for extensive furnace maintenance and upkeep 4) Enjoy peace of mind with a sturdy steel roof, providing long-lasting durability against the elements 5) Unwind with ample off-street parking at the rear of the property, presenting an additional opportunity to expand the building and enhance income potential. Age 104. Visit our website for more detailed information.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-10-13 | 2021-01-01 | 80 | $739,000 | - | Expired |
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Property Details
Street
Community
City
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
52' x 100'
Acreage
< .50
Fronting
East
Taxes
$4,439 (2023)
Basement
None
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Garage Type
None
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Orillia Market Statistics
Orillia Price Trend
117 Colborne St W is a 4-bedroom 4-bathroom home listed for sale at $719,900, which is $65,100 (8.3%) lower than the average sold price of $785,000 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 4 bedroom home in Orillia increased by $55,000 (7.5%) compared to the previous 30 day period (February 29 - March 29) and down $40,000 (4.8%) from the same time one year ago.Inventory Change
There were 12 4-bedroom homes listed in Orillia over the last 30 days (March 30 - April 28), which is down 29.4% compared with the previous 30 day period (February 29 - March 29) and down 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Orillia typically sold ($16,444) (2.1%) below asking price over the last 30 days (March 30 - April 28), which represents a $11,556 decrease compared to the previous 30 day period (February 29 - March 29) and ($10,450) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Orillia over the last 30 days (March 30 - April 28) stood at 33.3%, up from 17.6% over the previous 30 days (February 29 - March 29) and down from 53.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Orillia stood at 20 days when successfully sold over the last 30 days (March 30 - April 28), compared to 77 days before being removed from the market upon being suspended or terminated.Listing contracted with Faris Team Real Estate
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