20 Shannon Street, Orillia, ON

$650,000
MLS#:S9284222
4 beds
2 baths
4.0 parking
Residential Freehold
20 Shannon Street, Orillia, ON L3V 7K2
⚠️

Property no longer active

This property was sold on October 12, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised duplex located in the coveted neighborhood of Orillia. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $650,000 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.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Premium 50 x 100 ft lot size
  • Features a separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Water Heater, Sump Pump, Accessory Apartment
  • Efficient forced air heating via gas

Description

LEGAL Duplex in a fantastic location on bus route, two blocks to Kitchener Park, public boat launch, close to Tudhope park, Rec Centre, and downtown Orillia. This raised bungalow 2+2 bdrm duplex was professionally renovated in 2021 and features vinyl flooring throughout, new roof, new windows and doors (lower 2021, upper 2022), new furnace, new sump pump, newer appliances (upper dishwasher new 2024), new back deck plus in suite laundry for both upper and lower suites and parking for 4 vehicles. The Upper unit will be vacant for October 1st. Lower unit will be vacant as of November 1st or sooner. This is an amazing opportunity for an investor OR anyone looking to live in one of the spacious 2 bdrm units, while subsidizing the mortgage with a chosen tenant in the other! The City of Orillia was recently ranked as the fifth best place in Canada to invest in real estate, come discover for yourself, opportunity awaits.

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Property Summary

This duplex located at 20 Shannon Street, Orillia is currently for sale and has been available on SousaSells for 706 days. This property is listed at $650,000 with an estimated mortgage of $2,164* per month. It has 4 beds, 2 bathrooms, and is unknown square feet. 20 Shannon Street, Orillia is in the Orillia neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Orillia, Orillia.

Highly Recommended for Families
What We Love About This Home
  • 4 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • Desirable Duplex architecture in Orillia, Orillia
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Orillia, Orillia.

Target Buyer Match

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 12, 2024
Sold price information is available to members only
Listed Date8/30/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
Architectural StyleBungalow-Raised
ConstructionAluminum Siding, Brick
BasementSeparate Entrance, Apartment
Lot Size50 × 100 Feet
CountySimcoe
Annual Tax$4,206
Legal DescriptionPCL 30-1 SEC 51M304; LT 30 PL 51M304 SOUTH ORILLIA; ORILLIA

Parking & Garage

Parking Total4.0
Parking Space4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

None listed

Interior Features

  • Water Heater
  • Sump Pump
  • Accessory Apartment
  • In-Law Suite

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 20 Shannon Street, Orillia, ON

Q.What is the asking price for 20 Shannon Street, Orillia, ON ?

The current listing price for 20 Shannon Street, Orillia, ON in Orillia, Orillia is $650,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 4 bedrooms and 2 bathrooms.

Q.What property type and architectural style is 20 Shannon Street, Orillia, ON ?

20 Shannon Street, Orillia, ON is a Duplex (Bungalow-Raised) featuring a Separate Entrance, Apartment basement.

Q.What interior features are included in this home?

Interior highlights include: Water Heater, Sump Pump, Accessory Apartment, In-Law Suite.

Q.Is parking available at this property?

Yes, this property offers parking space for 4.0 vehicles (None).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via None.

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20 Shannon Street, Orillia, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 20 Shannon Street, Orillia, ON L3V 7K2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Orillia.

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Interest Rate4.00%
Down Payment$195,000 (30.0%)
* Minimum Canadian down payment required for this price is $40,000.
Amortization Period30 Years
Estimated Monthly Payment$2,164Based on a loan of $455,000 over 30 years.
Purchase Price$650,000
Loan Amount$455,000
Provincial Land Transfer Tax:$9,475
Total Estimated Closing Taxes:$9,475

About Purchasing a Home in Orillia, ON

For a property listed at $650,000 in Orillia, the legal minimum down payment is $40,000 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 $9,475 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 $9,475.

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Orillia, Orillia Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Orillia, Orillia.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$876,130

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in Orillia, Orillia

Elementary Schools

Lions Oval
Public25 Brant Street West, Orillia, Ontario, L3V 3N6
4.2
Harriett Todd
Public11 George Street, Orillia, Ontario, L3V 2V1
5.8
Orchard Park
Public24 Calverley Street, Orillia, Ontario, L3V 3T4
4.5
Monsignor Lee
Public14 Fittons Road East, Orillia, Ontario, L3V 2H9
5.6
Regent Park
Public485 Regent Street, Orillia, Ontario, L3V 4E2
3.9

Secondary Schools

Orillia
Public250 Collegiate Drive, Orillia, Ontario, L3V 7S5
5.5
Twin Lakes
Public381 Birch Street, Orillia, Ontario, L3V 2P5
4.9
Patrick Fogarty
Public15 Commerce Road, Orillia, Ontario, L3V 0Z2
4.2

Orillia, Orillia Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.