44 Colborne St W

Orillia, Orillia, L3V 2Y4
FOR SALE
$639,000
44 Colborne St W, Orillia
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
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44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
44 Colborne St W
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44 Colborne St W
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3
BEDROOMS
2
BATHROOMS
2
KITCHENS
9
ROOMS
S9269144
MLSID
Contact Us
Property Description
Live in one unit and rent the other! Attention First-Time Homebuyers and Investors- you have to see this fully VACANT duplex in the vibrant heart of downtown Orillia. Two fully renovated units as well as a detached two car garage with zoning allowing for a third legal suite. This prime location offers the best of urban living, with easy walking access to all the amenities Orillia has to offer. You're just steps away from the hospital, arts and cultural centres, local shops, dining, and the scenic beauty of Lake Couchiching. This duplex has undergone numerous recent upgrades, ensuring peace of mind and modern comfort. Enjoy the benefits of a new roof shingled in 2021, new windows, new doors, a reinforced stone foundation, waterproofed and insulated basement, and updated attic insulation. These improvements not only enhance the property's aesthetic appeal but also its functionality and energy efficiency. With two fully legal rental units, this property presents a fantastic opportunity for both living and earning additional rental income. The layout is ideal for those looking to live in one unit while renting out the other, providing a steady income stream in a highly desirable location. The property's central location ensures easy access to public transit and a short commute to anywhere in town.Whether you're heading to work, running errands, or enjoying the local attractions, you'll appreciate the convenience this address offers. Experience the best of downtown living with this exceptional duplex on Colborne Street. Your new home or investment awaits!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-23 2024-08-16 85 $649,900 - Terminated
2024-05-23 2024-08-19 88 $649,900 - Suspended
2021-10-11 2022-01-27 108 $549,900 $539,000 Sold
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
40' x 94'
Acreage
< .50
Fronting
North
Taxes
$3,387 (2023)
Basement
Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
Orillia Market Statistics
Orillia Price Trend
44 Colborne St W is a 3-bedroom 2-bathroom home listed for sale at $639,000, which is $12,056 (1.9%) higher than the average sold price of $626,944 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Orillia declined by $25,703 (3.9%) compared to the previous 30 day period (July 22 - August 20) and down $51,706 (7.6%) from the same time one year ago.
Inventory Change
There were 39 3-bedroom homes listed in Orillia over the last 30 days (August 21 - September 19), which is up 69.6% compared with the previous 30 day period (July 22 - August 20) and up 44.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Orillia typically sold ($18,794) (3.0%) below asking price over the last 30 days (August 21 - September 19), which represents a $4,929 increase compared to the previous 30 day period (July 22 - August 20) and ($11,794) 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 3-bedroom homes in Orillia over the last 30 days (August 21 - September 19) stood at 46.2%, down from 73.9% over the previous 30 days (July 22 - August 20) and down from 74.1% 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 20 days when successfully sold over the last 30 days (August 21 - September 19), compared to 65 days before being removed from the market upon being suspended or terminated.
Listing contracted with Real Broker Ontario Ltd
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