246 Gill Street, Orillia

$375,000
246 Gill Street

$375,000

New
21d
DetachedBungalow

246 Gill Street, Orillia

Total Monthly Obligation $2,106

HausQ Valuation Report
Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
21d
Score
31
Yield
7.6%
Cash on Cash
7.9%
Cap Rate
6.3%
5Y IRR
21.9%
10Y IRR
19.9%
Property Type-Detached
MLS® Number-S13854364
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-35 × 181.5 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,619.19 (2026)
Parking-4 - None
Basement-Unfinished, Partial Basement, Crawl Space
Heating-Forced Air (Gas)
Brokerage-Century 21 B.J. Roth Realty Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Shingles
Foundation-Block
Sewer-Sewer
Possession-30-60 Days
Neighbourhood-Orillia
Title-Residential Freehold

No agent assigned

Attention first-time home buyers, retirees, growing families, and savvy contractors! This charming, freehold 3-bedroom home located at 246 Gill St. in the heart of Lake Country's beautiful Orillia is ready for its next chapter and offers the perfect blend of immediate comfort and incredible future potential. Situated on a deep lot with a large back yard and zoned R3, this property provides a rare opportunity to move right in, expand the existing structure, or build your dream home with plenty of space to spare. Surrounded by a vibrant community, this home puts the best of Orillia right at your doorstep: Lake Couchiching's Port of Orillia waterfront and beaches, shops, grocery stores, restaurants, schools and public transit. Whether you are looking to take your first step onto the property ladder or seeking a lucrative project with rewarding expansion possibilities, 246 Gill St. is an opportunity you don't want to miss!

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Closing Costs

Mortgage Amount
$300,000
Land Transfer Taxes$4,100
Legal Fees (Est.)
$
Total cash required for closing$80,600

Total Monthly Obligation

$2,106/mo
Mortgage $1,513
Monthly Loss $1,708
Principal$398
Interest$1,115
Property Tax$218
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.9%37
Cash-on-Cash
0.5%8
5-Year IRR
16.2%78
10-Year IRR
15.6%
Returns Index
41.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
31/ 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
$28,512/yr
NOI
$18,542/yr
Net Cash Flow
$32/mo
Cash Margin
1.4%6
Cash Flow Index
6.1/ 100
Risk Profile
Weight: 20%
DSCR
1.0229
LTV Ratio
80.0%18
Vacancy Buffer
4.5 mo77
Risk Index
41.2/ 100

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

Comparables

Properties near 246 Gill Street

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.

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Data last updated within the past 24 hours.