122 Elgin Street, Orillia, ON
Property no longer active
This property was sold on February 4, 2026. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Orillia. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $350,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 34.82 x 79.86 ft lot
- Features a half basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This property is steps from Lake Couchiching and next door to the new waterfront development. This location has a lot of upside. Enjoy walking distance to all your everyday essentials. Whether you're a first-time homebuyer or looking to downsize, this home is a great opportunity to enter the market. Ideal for investors as well, the property has already seen key upgrades including new plumbing, sump pump, new furnace and AC and new appliances (fridge and stove). Cosmetic upgrades or further improvements will easily force appreciation and make a sound investment. This price point makes it affordable to enter the market as a first-time home buyer or a seasoned investor looking to add to their portfolio.
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Property Summary
This detached home located at 122 Elgin Street, Orillia is currently for sale and has been available on SousaSells for 289 days. This property is listed at $350,000 with an estimated mortgage of $1,165* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 122 Elgin Street, Orillia is in the Orillia neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Orillia, Orillia.
- •2 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •700-1100 sqft of generous functional square footage
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 122 Elgin Street, Orillia, ON
Q.What is the asking price for 122 Elgin Street, Orillia, ON ?
The current listing price for 122 Elgin Street, Orillia, ON in Orillia, Orillia is $350,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 1 bathroom across approximately 700-1100 sqft.
Q.What property type and architectural style is 122 Elgin Street, Orillia, ON ?
122 Elgin Street, Orillia, ON is a Detached (Bungalow) featuring a Half basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 2.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 122 Elgin Street, Orillia, ON L3V 1S7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Orillia, ON
For a property listed at $350,000 in Orillia, the legal minimum down payment is $17,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $3,725 for this transaction. As this listing is in Orillia (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,725.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.