275 Gill Street, Orillia, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Orillia. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $725,000 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 with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 67.1 x 199.78 ft lot
- Features a partially finished, crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 14.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Top 5 Reasons You Will Love This Home: 1) Incredible flexibility awaits with two self-contained dwellings in one property, each with their own furnace and central air, including a spacious front unit with two bedrooms plus a den and two full bathrooms, as well as a comfortable rear unit with two bedrooms and one bathroom 2) Valuable R4 zoning enhancing the property's appeal, offering exciting future opportunities and a variety of permitted uses through the City of Orillia 3) Detached oversized shop adding exceptional versatility, providing ample space for a workshop, home-based business, vehicle storage, recreational equipment, or additional parking 4) Thoughtfully designed for multi-generational living, accommodating extended family, or creating an income-generating opportunity by living in one unit and renting the other 5) Modern rear dwelling completed in 2019 and complemented by numerous updates throughout, ensuring a well-maintained, dependable property that is ready to enjoy for years to come. 1,786 above grade sq.ft. plus an unfinished basement. *Please note some images have been virtually staged to show the potential of the home.
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Pricing & Value Insights
Data-driven valuation for 275 Gill Street, Orillia, ON L3V 4K3
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About Purchasing a Home in Orillia, ON
For a property listed at $725,000 in Orillia, the legal minimum down payment is $47,500 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 $10,975 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 $10,975.
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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.