Orillia, East Ward, L3V 4W4
$589,900
Listed by Lakeview Realty Inc., Brokerage, Orillia.
Your Investment Opportunity Awaits! This unit is a perfect choice for new investors, offering a low-risk opportunity to enter the real estate market with immediate positive cash flow and long-term capital gain potential. As the saying goes: "Don’t wait to buy real estate—buy real estate and wait!" Key Details: 18-Month Lease: Secure lease in place starting January 1, 2025, ensuring steady rental income from day one. Spacious Layout: 1-bedroom + den condo with 1,013 sq. ft. of thoughtfully designed living space. Prime Location: Nestled in the heart of historic downtown Orillia, just steps from Lake Couchiching, parks, boutique shops, and popular dining spots. Modern Upgrades: Features include an upgraded kitchen with premium trim, cabinets, and countertops, a cozy den for added versatility, and convenient in-suite laundry. Peaceful Retreat: This 3rd-floor unit offers a quiet alley view, providing serenity while remaining close to vibrant lakeside activities and downtown amenities. This property is not only ideal for investors but also for homeowners planning a transition. With the 18-month lease in place, you can secure this desirable condo now, sell your current home at your convenience, and enjoy peace of mind knowing your investment is already working for you. Who This Condo Suits Best: Investors: Looking for a turnkey rental property with strong long-term potential. Homeowners-to-be: Purchase now while prices are favorable, and take your time selling your current home before moving in. Retirees: Enjoy a quiet, modern retreat close to the GTA while experiencing Orillia's growing and vibrant community. Don't miss this opportunity to own in the sought-after Matchedash Lofts! PLEASE NOTE: Buyer must assume the existing leasehold tenant until June 30, 2026.
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Eat-in Kitchen
Bedroom Primary
Living Room/Dining Room
Den
Bathroom
Laundry
Other
The graph below compares the average list price and average sale price of condos in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for condos in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
This property has been sold 3 times before. To view this property's sale price history please sign in or register: