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5 + 2
BEDROOMS5
BATHROOMS1 + 1
KITCHENS15 + 7
ROOMSS9012190
MLSIDContact Us
Property Description
A lucrative opportunity to own a duplex with a garden suite, offering three self-contained units! This exceptional property provides a perfect mix of comfort, convenience, and rental income potential. Whether you're aiming to expand your investment portfolio or seeking a residence with additional rental income, this property has it all. Conveniently located in the heart of Orillia, close to amenities, parks, and transportation routes. The main building comprises two spacious units with a total of six bedrooms and four bathrooms. In addition, the fully self-contained garden suite generates additional year-round income, providing a gross monthly income of $5500. Three separate hydro meters.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-17 | 2024-07-12 | 25 | $1,700 | $1,775 | Leased |
| 2023-11-17 | 2023-12-21 | 34 | $1,725 | - | Terminated |
Extras
3 hydro meters
Property Features
Park, Public Transit, Rec Centre, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
67' x 220'
Fronting
South
Taxes
$6,245 (2024)
Basement
Apartment, Fin W/O
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Orillia Market Statistics
Orillia Price Trend
261 Barrie Rd is a 5-bedroom 5-bathroom home listed for sale at $799,000, which is $46,000 (5.4%) lower than the average sold price of $845,000 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 5 bedroom home in Orillia increased by $136,000 (19.2%) compared to the previous 30 day period (November 19 - December 18) and up $144,000 (20.5%) from the same time one year ago.Inventory Change
There were 0 5-bedroom homes listed in Orillia over the last 30 days (December 19 - January 17), which is down 100.0% compared with the previous 30 day period (November 19 - December 18) and down 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Orillia typically sold ($29,900) (3.5%) below asking price over the last 30 days (December 19 - January 17), which represents a $15,450 decrease compared to the previous 30 day period (November 19 - December 18) and ($48,500) 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 5-bedroom homes in Orillia over the last 30 days (December 19 - January 17) stood at ∞, up from 66.7% over the previous 30 days (November 19 - December 18) and up from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Orillia stood at 117 days when successfully sold over the last 30 days (December 19 - January 17), compared to 121 days before being removed from the market upon being suspended or terminated.Listing contracted with Crescent Real Estate Inc.
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