Who’s looking for a profitable property?
Here is your chance to secure a large 1,524 sq ft backsplit in one of Orillia’s most steady and family friendly pockets. Properties in this area hold value well thanks to nearby schools, parks, shopping, the waterfront, and fast access to Hwy 11 and Hwy 12. Smaller dated homes on nearby streets have been selling in the mid to high $600s. This one is significantly larger, has two kitchens, two full baths, and a layout ideal for end users or investors looking for a two unit play.
This opportunity is priced to move and must close before December 1, which is creating serious upside for buyers who can act quickly. At over 1,500 sq ft above grade with cosmetic renos only, a basement kitchen, a roof updated within the last 3 to 5 years, and a brand new shed, this is one of the strongest value plays in Orillia right now. The basement already has a kitchen, one bathroom, and a bedroom, and the seller has started digging for a separate entrance, giving landlords and BRRRR investors a head start on a high demand layout.
This is a tight flip at full reno levels, which is why we have priced it aggressively to attract quick wholetailers, BRRRR investors, and end users looking for instant equity. The size of this home compared to local comps is a major advantage, and buyers who can move fast before December 1 will secure the strongest discount.
How can you profit?
1) Fix and Flip
With similar dated homes selling in the mid to high $600s and ARV around $640K to $680K, a cosmetic reno and cleanup can create a profitable resale. Square footage is your biggest advantage here. You are offering a much larger product than the standard Orillia backsplit, making your finished home more competitive and more valuable.
2) Buy and Hold – BRRRR Rental
Two kitchens and two full baths give you a natural two unit setup. Add the separate entrance where the seller already began the work, modernize the interior, and refinance after stabilizing tenants. Orillia rents remain strong, especially for family homes and multi level properties with multiple bathrooms. Investors in Orillia commonly target around $4,000 combined rent for similar two unit layouts, depending on finish level and tenant profile, giving you solid cash flow after refinance and a reliable long term hold.
3) Easy Wholetail or Move In with Equity
If you prefer minimal renos, cleanup and relist as an oversized family home with two kitchens, two full bathrooms, and over 1,500 sq ft above grade. End users will pay for space, layout, and location. Or move in and enjoy immediate equity. Homes this large at this price point do not last long in Orillia, and buyers who can close before December 1 will have a rare opportunity to capture meaningful value.
SUMMARY:
- LOCATION: Orillia, ON (George St and Westmount St S)
- PURCHASE PRICE: $499,000 Or Best Offer
- AFTER REPAIR VALUE: $640,000+
- CLOSING: Must close before December 1, 2025 (This is an assignment sale)
- TYPE: Detached Backsplit
- BEDS/BATHS: 3+1 beds and 3 baths
- PARKING: 1 car garage and driveway
- BASEMENT: Partially finished with kitchen and one bathroom
- SQFT: 1,524
- LOT: 55’ x 121’
- AGE: 1989
- PROPERTY TAX: $4,362 (2024)
- POSSESSION: Vacant
RENOVATIONS NEEDED:
- Cosmetic updates throughout
- Finish or redesign separate entrance where digging began
- Deck repair where entrance excavation is located (finish separate entrance or repair)
- Junk and furniture removal
- Please view the pictures and videos for ideas on what you would like to renovate.
GOOD NEWS:
- Priced aggressively under ARV with comps selling in the mid to high $600s.
- Over 1,500 sq ft above grade which is much larger than nearby homes.
- Two kitchens and two full baths
- Roof updated in the last 3 to 5 years
- Basement has bedroom, one bathroom, and a kitchen
- Crown moulding throughout and a new shed added last year
- Cosmetic renos only
- Vacant and ready for a quick buyer who can close before December 1.
LISTING ID: 1125-ORI-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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PS. Email us today for your info package. Who wants to make money on this one?