40 Lily Drive, Orillia

$575,000
40 Lily Drive

$575,000

New
18d
Att/Row/TownhouseBungalow

40 Lily Drive, Orillia

Total Monthly Obligation $3,075

Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
18d
Score
20
Yield
5.5%
Cash on Cash
-1.4%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.7%
Property Type-Att/Row/Townhouse
MLS® Number-S13862564
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-37.81 × 91.73 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Att/Row/Townhouse
Age-6-15
Taxes-$4,569.53 (2026)
Parking-3 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX RIGHT MOVE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Orillia
Title-Residential Freehold

No agent assigned

Welcome to 40 Lily Drive, an end-unit bungalow townhome offering easy, no-stairs living in North Lake Village. Situated on a corner lot, this two-bedroom, two-bathroom home offers great natural light and a functional layout that's especially well suited to down-sizers, retirees, or anyone looking for the convenience of main-floor living. Step inside to a welcoming foyer with interior access to the attached single-car garage. A bright front bedroom makes a great guest room, home office, or den, with a 4-piece bathroom conveniently located next door. Continue into the open-concept kitchen, dining, and living area, where the beautifully updated kitchen (2023) features tall upper cabinetry, a centre island, and solid countertops, providing plenty of storage and counter space. From the living room, step outside to the rebuilt rear deck (2020) for easy outdoor dining and relaxation. Tucked toward the back of the home, the spacious primary bedroom overlooks the backyard and features a large walk-in closet, private 3-piece ensuite with walk-in shower, and the added convenience of in-suite laundry. The original laundry closet and hookups remain in place, providing additional storage and the flexibility to relocate the laundry if desired. Downstairs, the full unfinished basement is a blank canvas with a bathroom rough-in already in place, simply finish it to suit your needs. With windows replaced in 2022, central air, an HRV, attached garage, double paved driveway, and the extra privacy of an end-unit corner location, 40 Lily Drive offers thoughtful updates, comfortable living today, and plenty of potential for tomorrow. Simply move in, unpack, and make it your own. Come take a look to see for yourself.

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

Closing Costs

Mortgage Amount
$460,000
Land Transfer Taxes$7,975
Legal Fees (Est.)
$
Total cash required for closing$124,475

Total Monthly Obligation

$3,075/mo
Mortgage $2,319
Monthly Loss $2,465
Principal$610
Interest$1,709
Property Tax$381
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.3%38
10-Year IRR
10.9%
Returns Index
19.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$31,680/yr
NOI
$19,442/yr
Net Cash Flow
-$699/mo
Cash Margin
-26.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
26.8/ 100

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

Comparables

Properties near 40 Lily Drive

Time

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