109 Elgin Street, Orillia

$499,900
109 Elgin Street

$499,900

New
18d
Detached2-Storey

109 Elgin Street, Orillia

Total Monthly Obligation $2,648

Beds
4
Baths
2
Park
3
Sqft
1500-2000
DOM
18d
Score
27
Yield
6.8%
Cash on Cash
5.2%
Cap Rate
5.7%
5Y IRR
19.8%
10Y IRR
18.1%
Property Type-Detached
MLS® Number-S13864522
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-46 × 70 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,083 (2026)
Parking-3 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-HOMELIFE GOLCONDA REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Orillia
Title-Residential Freehold

No agent assigned

Zoned C4i, this charming two-storey brick home offers exceptional flexibility for residential, commercial, rental income, or mixed-use possibilities. Ideally located just steps from the downtown waterfront and close to parks, shopping, and all amenities. This 4-bedroom, 2-bathroom property is freshly painted; some new windows. It is filled with character, featuring high ceilings on both levels, a classic wood staircase, carpet-free living with laminate and ceramic flooring throughout, and a wide front porch that sets the tone-ideal for morning coffee or evening unwinding. The main floor includes a large bedroom, a 3 pc bath, a well-sized kitchen, and a bright living area. Both the the front and rear entrances naturally support flexible live/work or multi-purpose space arrangements. The upper level includes an additional prep kitchen area with a sink, cabinetry, and counter space, 3 bright bedrooms, and a 4 pc bathroom, allowing for adaptable configurations such as a home-based business, professional office, live/work setup, or personalized retreat. 3 parking spaces offer convenience in the heart of the city. Rich in character and history, this centrally located property presents an excellent opportunity for investors, entrepreneurs, or homeowners seeking versatile space and potential supplemental income.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,648/mo
Mortgage $2,016
Monthly Loss $2,118
Principal$531
Interest$1,486
Property Tax$257
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.6%33
Cash-on-Cash
-1.0%6
5-Year IRR
14.9%71
10-Year IRR
14.5%
Returns Index
37.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$34,128/yr
NOI
$23,132/yr
Net Cash Flow
-$89/mo
Cash Margin
-3.1%3
Cash Flow Index
2.6/ 100
Risk Profile
Weight: 20%
DSCR
0.9624
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
34.4/ 100

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

Comparables

Properties near 109 Elgin Street

Time

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