232 Shannon Street, Orillia, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Orillia. Expertly crafted featuring premium aluminum siding and brick front construction, this residence presents an exceptional opportunity offered at $500,000 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.
- 3 Bedrooms and 3 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 50 x 119.78 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Water Heater
- Efficient forced air heating via gas
Description
Opportunity awaits at 232 Shannon Street in Orillia. This raised bungalow offers a practical layout with 2 bedrooms on the main level, 1 additional bedroom in the lower level, a 4-piece bathroom on the main floor, and a 3-piece bathroom in the basement. The home requires updating and repair, making it a suitable option for buyers, renovators, or investors looking to build equity and add their own vision. The rear yard includes a large two-level deck, offering outdoor space with potential for future improvement. Located in an established Orillia neighbourhood, this property is close to schools, parks, trails, shopping, transit, and everyday amenities, with convenient access to Orillia's Tudhope Park, downtown, and major commuter routes. A great opportunity for those seeking value in a well established area.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 232 Shannon Street, Orillia, ON L3V 7B8
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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 $500,000 in Orillia, the legal minimum down payment is $25,000 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 $6,475 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 $6,475.
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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.