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BEDROOMS2
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KITCHENS8
ROOMSS11963228
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Property Description
Investors dream!!! building permit approved for a legal duplex. Situated On A Large Lot (48 Ft X 165 Ft). Tons Of Parking Up To 8 Cars! Updated Kitchens X 2 (2020), Updated Washrooms X 2 (2020), Updated Flooring (2020), Updated Windows And Roof Shingles. Orillia Has Short Term Rental Supply Giving Investors An Opportunity To Capitalize On Strong Market Rents! Near The Beach, Hospital, Park, Stores & Much More!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-06 | 2024-02-29 | 24 | $1,500 | $1,500 | Leased |
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
48' x 165'
Acreage
Not Appl
Fronting
West
Taxes
$2,867 (2024)
Basement
Full, Unfinished
Exterior
Metal/Side
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Orillia Market Statistics
Orillia Price Trend
119 Albert St S is a 2-bedroom 2-bathroom home listed for sale at $549,000, which is $133,000 (19.5%) lower than the average sold price of $682,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Orillia increased by $67,500 (11.0%) compared to the previous 30 day period (December 22 - January 20) and up $94,550 (16.1%) from the same time one year ago.Inventory Change
There were 9 2-bedroom homes listed in Orillia over the last 30 days (January 21 - February 19), which is up 80.0% compared with the previous 30 day period (December 22 - January 20) and up 50.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Orillia typically sold ($11,580) (1.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $10,320 increase compared to the previous 30 day period (December 22 - January 20) and ($24,900) more 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 2-bedroom homes in Orillia over the last 30 days (January 21 - February 19) stood at 55.6%, down from 80.0% over the previous 30 days (December 22 - January 20) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Orillia stood at 67 days when successfully sold over the last 30 days (January 21 - February 19), compared to 22 days before being removed from the market upon being suspended or terminated.Listing contracted with Fine Homes Realestate Inc.
Similar Listings
LEGAL DUPLEX, newly updated interior and vacant ready for new owners. Live in one unit and rent the other or rent both! Centrally located in Orillia in an area experience rejuvenation. Steps from Matchedash Lofts, Veterans Memorial Park and many amenities. New flooring throughout, renovated bathrooms, freshly painted, new shingles and some new windows. Private driveway leads to rear yard with 3 additional parking spots. Each unit has a private entrance.
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