233 West Street N, Orillia

$499,000
233 West Street N

$499,000

New
4d
DetachedBungalow-Raised

233 West Street N, Orillia

Total Monthly Obligation $2,866

Beds
5
Baths
2
Park
7
Sqft
700-1100
DOM
4d
Score
81
Yield
36.1%
Cash on Cash
134.7%
Cap Rate
33.5%
5Y IRR
138.6%
10Y IRR
137.0%
Property Type-Detached
MLS® Number-S14095782
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-74 × 110 ft
Listed on site-Oct 19, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$5,741.44 (2026)
Parking-8 - Attached
Basement-Apartment
Heating-Radiant (Gas)
Brokerage-HOMELIFE FRONTIER REALTY INC.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Concrete Block
Sewer-Sewer
Possession-partial
Neighbourhood-Orillia
Title-Residential Freehold

No agent assigned

One Property, Endless Possibilities! Discover an exceptional opportunity in Orillia with this detached raised bungalow offering two self-contained residential units. Ideal for investors, first-time buyers, or multi-generational families, this versatile property offers the flexibility to live in one unit while generating rental income from the other. The vacant, freshly painted main level welcomes you with a spacious open-concept living, dining, and kitchen area, complemented by large windows that fill the space with natural light. The lower level is currently tenanted, providing an existing source of rental income. Each level features its own laundry facilities, offering added convenience and independence for both households. Situated on a generous 74 x 110 ft lot, the property also features an attached garage and an impressive driveway with parking for up to seven additional vehicles outdoors - a rare convenience for larger households, guests, or multiple occupants. Whether you're looking to offset your mortgage, accommodate extended family, or expand your investment portfolio, this property offers flexibility to suit your needs. Conveniently located close to schools, shopping, parks, and Orillia's beautiful waterfront, this is an opportunity to make homeownership and investment work together. Explore the possibilities at 233 West Street North! Some photos have been virtually staged for illustration purposes. Furniture and decor are not included in the sale.

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

Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,866/mo
Mortgage $2,013
Monthly Loss $2,337
Principal$530
Interest$1,483
Property Tax$478
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
30.4%100
Cash-on-Cash
118.9%100
5-Year IRR
123.9%100
10-Year IRR
122.2%
Returns Index
100.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
81/ 100
Good•Buy

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$180,000/yr
NOI
$151,759/yr
Net Cash Flow
$10,634/mo
Cash Margin
70.9%100
Cash Flow Index
100.0/ 100
Risk Profile
Weight: 20%
DSCR
6.28100
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
54.5/ 100

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

Comparables

Properties near 233 West Street N

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.