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BEDROOMS2
BATHROOMS1
KITCHENS6
ROOMSS13472928
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Property Description
Looking for an affordable way to break into the housing market? This 4-bedroom home offers space, flexibility, and value in a growing Orillia neighbourhood just minutes from downtown and beautiful Lake Couchiching.Inside, you'll find a practical layout with 3 bedrooms upstairs and an additional main-floor bedroom that's perfect for a home office, guest room, or growing family. The floor plan is functional, comfortable, and ready for you to make it your own.Outside, a large shed provides plenty of additional storage space, while a brand-new furnace (2026) means one of the home's major expenses has already been taken care of.Whether you're a first-time buyer looking for more space, an investor seeking rental potential, or someone searching for an affordable home with room to grow, this property offers flexibility and opportunity at a price point that's becoming increasingly difficult to find in Orillia.Don't miss your chance to get into the market and start building equity with a property that offers both value today and upside in the future.
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Property Features
On Demand Water Heater, Other
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Property Details
Address
55 Elgin Street
Community
City
Postal Code
L3V 1S1
Property Type
Detached, Detached
Lot Size
34' x 102'
Taxes
$2,812 (2025
Basement
Unfinished, Partial Basement, Crawl Space
Exterior
Year Round Living
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Royal Lepage Quest
The property includes an approximately 1,100 sq. ft. house currently rented for $950 per month plus utilities and is in poor condition. The house has recently been severed from the adjoining 13 car parking lot and may be purchased separately or together with the parking lot located at 169 Colborne St. West. Removal of the house could create the potential for additional parking spaces. The HC2 zoning permits a variety of alternative uses, including residential, institutional, and healthcare uses. The property taxes to be updated once taxes have been assessed. Combined L shaped lot dimensions: parking lot approximately 43.74 ft. x 140.62 ft. depth, house portion approximately 73.32 ft. x 68.86 ft. depth.
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