$499,000
For sale: Detached

ESTATE SALE - A Rare Opportunity in the Heart of Historic Orillia! Offered for the first time in generations, this cherished family home was lovingly built by the original family in 1946 and has remained in the same family ever since. Now ready for its next chapter, this property is brimming with potential for renovators, investors, and buyers looking to build equity. Situated on a generous corner lot at Frederick Street and McKinnell Street, the property offers exciting potential for severance (buyer to complete their own due diligence). With two separate driveways-one on Frederick Street and one on McKinnell Street-there is ample parking and excellent access. Inside, you'll find a spacious layout featuring 3 bedrooms, 1 bathroom, a large kitchen and dining area, and original oak strip hardwood flooring throughout much of the main level, just waiting to be restored to its former beauty. A new roof was installed in 2024, providing an excellent head start on renovations. The full, unfinished basement offers endless possibilities for additional living space, a recreation room, workshop, or hobby area. Water and sewer connections are already in place, creating the potential to add a future basement bathroom. Whether you're a handy homeowner looking to transform a solid home into your dream property, or an investor seeking a rental opportunity while exploring the property's future development potential, this is a rare chance to unlock exceptional value. Located in the heart of Old Orillia, you'll enjoy being just minutes from the hospital, shopping, schools, parks, beaches, the recreation centre, and all the amenities that make this historic neighbourhood so desirable.
Sold data
Detached homes in Orillia took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 57, across 105 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.
The median sale price was $599,900.
Homes sold for about 2.7% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 25% of sellers reduced their price before finding a buyer.
Based on 105 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Orillia has 14 Fraser Institute–rated schools (11 elementary and 3 secondary), averaging 5.1/10.
School ratings from the Fraser Institute's Ontario school report cards.
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