87 Elgin Street, Orillia, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Orillia. Expertly crafted featuring premium brick and wood construction, this residence presents an exceptional opportunity offered at $445,000 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 3 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 28.76 x 69.09 ft lot
- Features a walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Accessory Apartment, None
- Efficient forced air heating via gas
Description
Welcome investors, first-time home buyers, business owners, and large families. Located in theheart of downtown Orillia, 87 Elgin Street is zoned Residential Three Intensification Area(R3i) and falls within the Downtown Area Overlay Zone, offering exceptional flexibility andpotential. This solid brick century home features 4 bedrooms, 2.5bathrooms, a main-floorkitchen, and two additional kitchenettes on the second level, creating endless possibilitiesfor multi-generational living, income potential, or redevelopment. Enjoy easy access to alldowntown amenities, including shops, restaurants, parks, and the Orillia waterfront-just ashort stroll away.
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Property Summary
This detached home located at 87 Elgin Street, Orillia is currently for sale and has been available on SousaSells for 115 days. This property is listed at $445,000 with an estimated mortgage of $1,481* per month. It has 4 beds, 3 bathrooms, and is 1100-1500 square feet. 87 Elgin Street, Orillia is in the Orillia neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Interior Features
Accessory Apartment, None
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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 87 Elgin Street, Orillia, ON L3V 1S3
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 $445,000 in Orillia, the legal minimum down payment is $22,250 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 $5,375 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 $5,375.
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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.