406 Peter Street N, Orillia

$799,000
406 Peter Street N

$799,000

Price Change
22d
Detached2-Storey

406 Peter Street N, Orillia

Total Monthly Obligation $3,992

Beds
3
Baths
2
Park
4
Sqft
2000-2500
DOM
22d
Score
17
Yield
4.3%
Cash on Cash
-5.5%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Detached
MLS® Number-S13849866
Beds-3
Bathrooms-2
Size-2000-2500 sqft
Lot Size-50 × 198 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$4,732 (2025)
Parking-6 - Attached
Basement-Partial Basement, Unfinished
Heating-Forced Air (Gas)
Brokerage-ONE PERCENT REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Natural Gas
Pool-None
Facing-East
Exterior-Board & Batten , Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Orillia
Title-Residential Freehold

No agent assigned

WELCOME TO 406 PETER STREET NORTH - WHERE CHARACTER, MODERN UPDATES & A SERIOUSLY DEEP BACKYARD COME TOGETHER! Located in Orillia's desirable North Ward & backing directly onto Couchiching Golf & Country Club, this 3-bedroom, 2-full-bath home offers just under 2,000 sq. ft. of above-grade living space, an attached double garage, parking for 6 & an impressive 50' x 198' lot.This is no cookie-cutter home & there is NO looking into other people's homes & backyards! It has the charm and character of an older home, though thoughtfully updated and modernized without losing what makes it unique. Extensively renovated over the previous 5 yrs, improvements include new windows, shingles, board-and-batten vinyl siding, custom front porch, new flooring, upgraded insulation, built-in bedroom closets & renovated bathrooms on both levels. The custom kitchen features a centre island, stainless-steel appliances & plenty of cabinetry & workspace.The main floor provides generous living & dining areas, while upstairs you'll find 3 bedrooms plus a separate family room-because sometimes watching the same TV show is just asking far too much! And then there's the lot; nearly 200' deep, fully fenced & backing directly onto the golf course, the backyard features mature cedars, professionally landscaped perennial gardens, a large deck, interlock patio and garden shed. There's plenty of room for kids, dogs, gardens and entertaining. Additional features include a partial unfinished basement offering extra storage, forced-air natural gas heat, central air, owned hot water tank, municipal water & sewer and an attached double garage .Updated inside and out, loaded with character and sitting on a lot that's increasingly hard to find; this home offers something refreshingly different. 406 Peter Street North is ready to welcome its next owners. Our family has grown & moved out, its time for us to downsize. Come see for yourself & then make beautiful 406 Peter St N your next family home!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$3,992/mo
Mortgage $3,223
Monthly Loss $3,144
Principal$848
Interest$2,375
Property Tax$394
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
7.9%23
10-Year IRR
8.9%
Returns Index
12.6/ 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
$34,500/yr
NOI
$21,818/yr
Net Cash Flow
-$1,405/mo
Cash Margin
-48.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
20.9/ 100

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

Comparables

Properties near 406 Peter Street N

Time

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