140 Cedar Island Road 301, Orillia

$675,000
140 Cedar Island Road 301

$675,000

New
25d
Condo ApartmentApartment

140 Cedar Island Road 301, Orillia

Total Monthly Obligation $4,932

Beds
3
Baths
2
Park
1
Sqft
1600-1799
DOM
25d
Score
17
Yield
7.4%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.4%
Property Type-Condo Apartment
MLS® Number-S13834610
Beds-3
Bathrooms-2
Size-1600-1799 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$6,188.04 (2026)
Maintenance-$1,493.61/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX RIGHT MOVE
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Stucco (Plaster)
Roof-Membrane
Foundation-Poured Concrete
Possession-Immediate
Neighbourhood-Orillia
Title-Residential Condo & Other

No agent assigned

Westerly views of Lake Couchiching, framed in oversized windows in this renovated corner unit! This beautifully renovated corner unit offers 1,602 sq ft, 3 bedrooms, and 2 bathrooms, with stunning views over Lake Couchiching and Couchiching Park. The open-concept kitchen was renovated in 2020, featuring Dekton quartz countertops, a tile backsplash, custom cabinetry, a full pantry with shelving, a GE gas range, a Bosch dishwasher, instant hot water (2020) and reverse osmosis filtration at the kitchen tap. Custom cabinetry in the entrance and crown moulding throughout add extra function and polish. The waterfront living room boasts a gas fireplace and a walkout to a private balcony, ideal for taking in those westerly sunset views. New hardwood flooring in all bedrooms, updated bathroom vanities, Levolor electric roll-down shades, and central vac (2020), new hot water tank in 2020 complete this move-in-ready home. A new furnace and A/C (2024) provide year-round comfort. Enjoy the rooftop common patio for additional outdoor living space, steps from Couchiching Park. This unit includes 1 exclusive underground parking spot, 1 locker, and 1 above-ground designated parking spot. Ideally located in the city core as a corner unit, with an easy walk to downtown shopping and the park.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$540,000
Land Transfer Taxes$9,975
Legal Fees (Est.)
$
Total cash required for closing$146,475

Total Monthly Obligation

$4,932/mo
Mortgage $2,723
Monthly Loss $4,216
Principal$716
Interest$2,006
Property Tax$516
Condo Fees$1,494
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
8.3%25
10-Year IRR
9.6%
Returns Index
13.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$49,776/yr
NOI
$18,287/yr
Net Cash Flow
-$1,199/mo
Cash Margin
-28.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
18.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 140 Cedar Island Road 301

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.