58 Scott Street, Orillia, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Orillia. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $199,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 40 x 128 ft lot size
- Notable attributes: Other
Description
Opportunity to invest in Orillia's sought-after East Ward. Close to public transit, rec centre, restaurants, shopping, and 2 blocks away from all the action of the downtown, waterfront and scenic trail. Situated on a quiet family-friendly street, this spacious 40 x 128 ft. lot already has services available (the previous home on site was demolished) and offers 50% lower parking requirements due to flexible C4i zoning (allowing for townhomes, 4plex, live/work, and more). Located directly next to the recently built Orillia French townhomes and the only available downtown lot of its size next to Orillia's multi-building downtown developments. Motivated building department offering various incentives. A rare opportunity that won't last long!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 58 Scott Street, Orillia, ON L3V 4R4
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About Purchasing a Home in Orillia, ON
For a property listed at $199,000 in Orillia, the legal minimum down payment is $9,950 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 $1,715 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 $1,715.
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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.