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Property Description
Charming Bungalow with Income Potential! This adorable & well-maintained 3-bedroom bungalow, Close to Highway 11 and 12 for easy commuting. Whether youre a first-time buyer, a retired downsizer, or an investor, this home offers the perfect balance of comfort, convenience, and opportunity. The Main Level is bright with inviting living space with cozy charm and modern updates. Three bedrooms provide plenty of room to grow, work from home, or simply relax. This home features a fully legal 2-bedroom apartment with a separate entranceideal for renting out and offsetting monthly expenses! Close to parks, walking trails, and both Lake Couchiching and Lake Simcoe just minutes away, perfect for outdoor lovers. A fenced-in backyard offers privacy and the perfect space for kids, pets, or backyard BBQs! Whether youre looking for a cozy forever home or a great income property, this bungalow is an opportunity you dont want to miss!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-13 | 2023-12-28 | 76 | $639,900 | $614,000 | Sold |
| 2023-05-30 | 2023-06-26 | 27 | $664,900 | - | Terminated |
| 2023-03-27 | 2023-03-27 | 0 | $699,900 | - | Terminated |
| 2022-04-20 | 2022-05-27 | 37 | $799,900 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Duplex, Bungalow
Lot Size
60' x 107'
Fronting
South
Taxes
$3,415 (2024)
Basement
Apartment, Full
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 9.15' x 15.16' | |
| Dining | Main | 11.58' x 12.50' | |
| Kitchen | Main | 10.01' x 12.01' | |
| Br | Main | 10.01' x 12.99' | |
| 2nd Br | Main | 8.99' x 9.68' | |
| 3rd Br | Main | 8.76' x 9.68' | |
| Living | Bsmt | 12.40' x 15.68' | , 3 Pc Bath |
| Dining | Bsmt | 8.33' x 12.50' | |
| Kitchen | Bsmt | 8.50' x 9.68' | |
| Br | Bsmt | 9.25' x 11.75' | |
| 2nd Br | Bsmt | 8.99' x 10.66' |
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Orillia Market Statistics
Orillia Price Trend
311 James St E is a 3-bedroom 2-bathroom home listed for sale at $669,900, which is $70,150 (11.7%) higher than the average sold price of $599,750 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Orillia declined by $13,150 (2.1%) compared to the previous 30 day period (December 22 - January 20) and up $38,204 (6.8%) from the same time one year ago.Inventory Change
There were 21 3-bedroom homes listed in Orillia over the last 30 days (January 21 - February 19), which is up 110.0% compared with the previous 30 day period (December 22 - January 20) and down 8.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Orillia typically sold ($7,010) (1.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $10,999 increase compared to the previous 30 day period (December 22 - January 20) and ($19,090) 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 3-bedroom homes in Orillia over the last 30 days (January 21 - February 19) stood at 95.2%, down from 100.0% over the previous 30 days (December 22 - January 20) and up from 47.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Orillia stood at 44 days when successfully sold over the last 30 days (January 21 - February 19), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 B.J. Roth Realty Ltd.
Similar Listings
Unmatched investment opportunity with this stylish legal duplex situated just 300 meters from Orillia's revitalized waterfront and vibrant downtown! Welcomed by a large covered front porch, this property features two spacious and updated units, each with 2 bedrooms and 1 full bathroom. The main floor unit offers exclusive access to a covered back deck and an unfinished basement for ample storage. Enjoy he ease of a low-maintenance yard and additional parking in the rear. Heated by an efficient natural gas boiler, with recent upgrades including a new boiler installed in 2022 and a freshly painted exterior, along with some interior painting. The DS1 zoning provides remarkable versatility for commercial uses, enhancing its investment potential. With public transportation available right out the front door, getting around is a breeze. Enjoy nearby amenities, including restaurants, grocery, pharmacy, trails, and the beach just a short walk or drive away. The neighborhood is renowned for it's vibrant community vibe, hosting lively local events, festivals, and markets both downtown and at the waterfront. The ongoing waterfront revitalization and luxury residential development further enhance the area's appeal and future value. Don't miss out on this spectacular opportunity to invest in a prime location with limitless potential!
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