48 Olive Crescent, Orillia, ON

$429,000
MLS#:S11884916
2 beds
2 baths
3.0 parking
Residential Freehold
48 Olive Crescent, Orillia, ON L3V 1G1
⚠️

Property no longer active

This property was sold on December 17, 2024. 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 aluminum siding and other construction, this residence presents an exceptional opportunity offered at $429,000 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 2 Bathrooms
  • Premium 50 x 150 ft lot size
  • Features a half, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient carport configuration
  • Notable attributes: Water Heater Owned
  • equipped with window unit(s) central cooling and highly efficient baseboard heating via electric

Description

Dreamt of a detached freehold near Lake Simcoes shore? Here is your chance to put your touch on this 50 x 150-foot lot with ranch bungalow with loads of potential! Originally built as a 2-bedroom, 1 bathroom, an addition was later added with another bathroom and great room, easily converted to a 3rd bedroom and primary suite. When you first come into the home an oversized living space greets you. On the other side of the home kitchen, with entrance to the carport and a formal dining room. Don't miss all of the closets and large walk-in pantry. Down the hall two spacious bathrooms and a 4-piece bathroom await. Main floor laundry and to the addition wing of the house the second bathroom and huge back rec room with floor-to-ceiling stone fireplace, more closet space and access to the basement. Outside a large side deck and plenty of property for whatever your family's needs. Enjoy the convenience of a bus stop right out front. A quick walk to Kitchener Park's 25 acres, tennis courts, off-leash waterfront dog park, 2 baseball diamonds, soccer fields, basketball nets and horseshoe pits. Alternatively, take a 3 minute drive to Tudhope parks waterfront, paved bike path, splash pad, pickle ball courts, snack shacks, and more tennis courts and baseball diamonds. 5 minutes to downtown or the Hwy, this home and location couldn't be more perfect for you.

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Property Summary

This detached home located at 48 Olive Crescent, Orillia is currently for sale and has been available on SousaSells for 608 days. This property is listed at $429,000 with an estimated mortgage of $1,428* per month. It has 2 beds, 2 bathrooms, and is unknown square feet. 48 Olive Crescent, 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 2 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
  • 2 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • Desirable Detached architecture in Orillia, Orillia
Standout Features & Layout
Who Should Buy This Home?

First-time home buyers, professionals, or investors seeking value.

Target Buyer Match

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 17, 2024
Sold price information is available to members only
Listed Date12/6/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding, Other
BasementHalf, Unfinished
Lot Size50 × 150 Feet
CountySimcoe
Annual Tax$3,577.94
Legal DescriptionPT LT 40 RCP 1708 ORILLIA PT 2, 51R12316; ORILLIA

Parking & Garage

Parking Total3.0
Parking Space2
Garage TypeCarport

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingWindow Unit(s)

Features

Property Features

None listed

Interior Features

  • Water Heater Owned

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 48 Olive Crescent, Orillia, ON

Q.What is the asking price for 48 Olive Crescent, Orillia, ON ?

The current listing price for 48 Olive Crescent, Orillia, ON in Orillia, Orillia is $429,000.

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

This property features 2 bedrooms and 2 bathrooms.

Q.What property type and architectural style is 48 Olive Crescent, Orillia, ON ?

48 Olive Crescent, Orillia, ON is a Detached (Bungalow) featuring a Half, Unfinished basement.

Q.What interior features are included in this home?

Interior highlights include: Water Heater Owned.

Q.Is parking available at this property?

Yes, this property offers parking space for 3.0 vehicles (Carport).

Q.What heating and cooling systems are installed?

Heating is provided via Electric and cooling via Window Unit(s).

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48 Olive Crescent, 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 48 Olive Crescent, Orillia, ON L3V 1G1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$128,700 (30.0%)
* Minimum Canadian down payment required for this price is $21,450.
Amortization Period30 Years
Estimated Monthly Payment$1,428Based on a loan of $300,300 over 30 years.
Purchase Price$429,000
Loan Amount$300,300
Provincial Land Transfer Tax:$5,055
Total Estimated Closing Taxes:$5,055

About Purchasing a Home in Orillia, ON

For a property listed at $429,000 in Orillia, the legal minimum down payment is $21,450 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 $5,055 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 $5,055.

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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.