48 Louise Lane, Orillia, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Orillia. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $580,000 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
- Generous living space spanning 700-1100 sqft on a premium 36.08 x 100.59 ft lot
- Features a full, finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- Ample parking with 0.00 garage spaces (2.0 total parking spaces)
- Notable attributes: Carpet Free, In-Law Capability, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This updated 3+1 bedroom, 2-bathroom raised bungalow presents an incredible Single Family Residential opportunity with Great Investment Potential. Located on a child-friendly cul-de-sac near Highway 11, schools, shopping, and Soldier's Memorial Hospital, this home is within walking distance of Homewood Park and downtown Orillia. The property features a private double-wide driveway and a steel roof (2013) for lasting peace of mind.The open-concept main floor is bright and modern, boasting fresh paint and new flooring (2023), pot lights, and a fully renovated 4-piece bathroom (2023). This level is entirely self-contained with 3 bedrooms and its own laundry. The fully finished basement is a versatile space with separate entrances at both the front and back, a 3-piece bathroom, a bedroom, and a second laundry area. With a large family room that offers space for an additional bedroom, the lower level has the potential to become a perfect two-bedroom in-law suite with minimal work.Key mechanical updates ensure this home is move-in ready, including an updated natural gas furnace and A/C (2018), an updated front door (2018), and an upgraded front window (2019). Whether you are looking for a multi-generational setup or a savvy investment, this property offers the perfect blend of modern finishes and functional design.
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Property Summary
This detached home located at 48 Louise Lane, Orillia is currently for sale and has been available on SousaSells for 69 days. This property is listed at $580,000 with an estimated mortgage of $1,931* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 48 Louise Lane, Orillia is in the Orillia neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
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Features
Property Features
Interior Features
Carpet Free, In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Storage
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Community Features
Location
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 48 Louise Lane, Orillia, ON L3V 7W1
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 $580,000 in Orillia, the legal minimum down payment is $33,000 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 $8,075 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 $8,075.
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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.