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Listed 21 days ago

224 Lakeshore Road W

Rural Oro-Medonte, Oro-Medonte

$674,900

Detached|2-Storey
4 | 2 | 7
About this home

Top 5 Reasons You Will Love This Home: 1) Enjoy a relaxed lifestyle in this spacious four bedroom, two bathroom home, ideally positioned just steps from waterfront access directly across the road, with historical documents indicating the property also benefits from deeded access to Lake Simcoe, while nearby parks provide even more opportunity for outdoor recreation 2) Thoughtfully updated throughout 2021 and 2022, the home features newer flooring, an updated kitchen and appliances, and a beautifully renovated upper level bathroom with a redesigned layout offering both a separate tub and shower 3) Enjoy added comfort and peace of mind with a UV and charcoal water filtration system, a 10kW Generac generator with an automatic transfer switch, and an encapsulated crawl space completed in 2025 4) Designed with modern-day functionality in mind, the property features an oversized single-car garage providing valuable space for parking, storage, or recreational gear, while Ethernet jacks wired throughout the home and a natural gas line installed in 2022 add further convenience and versatility 5) Ideally positioned for commuters with easy access to Highways 11 and 400, while remaining just a short drive from both Orillia and Barrie for an abundance of shopping, dining, entertainment, and everyday amenities. 2,145 fin.sq.ft.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$3,714
Lot Size99.8 ft x 150.05 ft
mls© NumberS13778748
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,454
Property tax
$310
Heat allowance
$150
Housing costs
$3,914 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $134,980
25-yr amortization

Income needed

$120,000

gross annual household income

Payment at 4%
$2,840 / mo
Cash down
$134,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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