140 Cedar Island Road 212, Orillia

$524,800
140 Cedar Island Road 212

$524,800

New
10d
Condo ApartmentApartment

140 Cedar Island Road 212, Orillia

Total Monthly Obligation $3,641

HausQ Valuation Report
Bed+Den
3+1
Baths
2
Park
1
Sqft
1000-1199
DOM
10d
Score
16
Yield
5.7%
Cash on Cash
-10.3%
Cap Rate
2.4%
5Y IRR
7.5%
10Y IRR
8.3%
Property Type-Condo Apartment
MLS® Number-S14081528
Bed+Den-3+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 13, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$4,181.52 (2026)
Maintenance-$975.79/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTY SERVICES INC.
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Exterior-Stucco (Plaster), Other
Roof-Membrane
Foundation-Poured Concrete
Possession-Vacant
Neighbourhood-Orillia
Title-Residential Condo & Other

No agent assigned

Enjoy the best of Orillia's waterfront lifestyle at Elgin Bay Club! This bright and inviting1,070 sq. ft. condominium offers 2 bedrooms, 2 full bathrooms and a separate enclosed den,ideal for a home office or hobby room. Features include hardwood and ceramic flooring, afunctional-style kitchen with granite countertops, cozy gas fireplace, central vacuum and two private balconies, one off the living room and another off the spacious primary bedroom. The primary ensuite offers a relaxing soaker tub and separate shower. Enjoy carefree living in this secure, beautifully landscaped building featuring a rooftop terrace with spectacular views of Lake Couchiching, private dock access, heated underground parking and a storage locker. Recent building improvements include the roof and exterior stucco/siding. Leave the car at home and stroll to the Port of Orillia, waterfront trails, Couchiching Beach Park, downtown shops,restaurants, Metro and LCBO. Enjoy nearby pickleball, sailing, boating and summer concerts at the bandshell. An exceptional opportunity to downsize without compromising lifestyle, space or convenience!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$419,840
Land Transfer Taxes$6,971
Legal Fees (Est.)
$
Total cash required for closing$113,431

Total Monthly Obligation

$3,641/mo
Mortgage $2,117
Monthly Loss $3,084
Principal$557
Interest$1,560
Property Tax$348
Condo Fees$976
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-14.9%0
5-Year IRR
4.3%9
10-Year IRR
6.6%
Returns Index
5.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$29,844/yr
NOI
$8,569/yr
Net Cash Flow
-$1,403/mo
Cash Margin
-56.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.343
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
21.3/ 100

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

Comparables

Properties near 140 Cedar Island Road 212

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.

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Data last updated within the past 24 hours.