Homula Realty Brokerage
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6 Orillia Road, Oro-Medonte, ON L0L 2E0

Vacant Land
$475,000
Property tax
$1,374 / year

Build your dream cottage or year-round home just steps from the shores of Lake Simcoe, yet only 90 minutes from the GTA! This quiet lot is located on a cul-de-sac in a peaceful waterfront community and is just a short walk away from deeded lake access to the beautiful waters of Lake Simcoe, perfect for swimming, boating and enjoying sunsets by the water. Nearby hotspots include Bayview Memorial Park, offering a long stretch of sandy beach, the 28km of Oro's Rail Trail for hiking, running or biking, as well as the Line 9 boat launch for a more relaxing day on the lake. Whether you're looking to create a custom family getaway or invest in a highly desirable lakeside location, this property offers endless potential. Don't miss your chance to own a rare piece of paradise near Lake Simcoe!

MLS number
S13551310
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L0L 2E0
Photos
13
Laundry
Not in the unit
66days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 730 people.

$106,000Median household income
96.4%Own their home
98.2%Detached houses
47.6Median age
6%Born outside Canada
22.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35431157 — the few blocks around this address, home to 730 people. It describes the area, not this property.

730Population
43.8Average age
2.6Household size
$121,000Average household income
$106,000Median household income
96%Own their home
4%Rent
0%Condominiums
6%Born outside Canada
23%University degree
$715,000Average home value
4%Low income
57%Not in the labour force
22%Never married
$15,000 to $19,9991%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9995%
$90,000 to $99,9994%
$100,000 and over37%
$100,000 to $124,99910%
$125,000 to $149,9998%
$150,000 to $199,99910%
$200,000 and over8%

Percentages are of the 420 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$95,000 · minimum here is $23,750
$2,103.20per month
Borrowed before insurance$380,000
Total borrowed$380,000
Interest over 25 years at 4.5%$250,959

If you rented it out

-$2,217.70per month out of pocket
Rent$0.00
Everything it costs to hold$2,217.70
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by KELLER WILLIAMS EXPERIENCE REALTY. Listing data provided by the Toronto Regional Real Estate Board.