29 KORLEA Crescent, Orillia, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Orillia. Expertly crafted featuring premium brick front and vinyl siding construction, this residence presents an exceptional opportunity offered at $575,000 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.
- 5 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 50 x 100 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: In-Law Capability, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 29 Korlea Crescent. A raised bungalow offering space, versatility, and plenty of opportunity. With 3 bedrooms on the main level and 2 additional bedrooms on the fully-finished lower level complete with a second kitchen, this home is well suited for first-time buyers, multi-generational families, or those looking for in-law or income potential. Inside, you'll find a functional layout ready for your personal updates and finishing touches, while outside, the large private backyard surrounded by mature trees provides the perfect setting for relaxing, entertaining, or enjoying time with family. It's a fantastic opportunity to build equity while creating a space that truly feels like home. Conveniently located close to schools, parks, shopping, restaurants, and everyday amenities, this home also offers quick access to Highway 11, making commuting simple while keeping you just minutes from Orillia's vibrant downtown, waterfront, and year-round recreation. Whether you're looking for your first home, extra space for in-laws, or an investment with future potential, this property is bursting with possibilities. R2 Zoning
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Key Features
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Interior Features
In-Law Capability, Primary Bedroom - Main Floor
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 29 KORLEA Crescent, Orillia, ON L3V 7K5
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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 $575,000 in Orillia, the legal minimum down payment is $32,500 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 $7,975 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 $7,975.
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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.
