Renovated 4-Bed on Deep Lot Near Lake Simcoe

Property details for 506 West Street S, Orillia

Type: Residential
Bedrooms: 4
Bathrooms: 2
Lot Size: 50 x 264 FT
Stories: 1.5
Basement: Unfinished, Full
Parking: Detached Garage, Garage
Heating: Forced air, Natural gas
Cooling: None
Exterior: Aluminum siding
Ownership: Freehold
Annual Taxes: $3,280

This 1.5-storey has been fully gutted and redone, so you get modern finishes without the cookie-cutter feel. Four bedrooms up top, one on the main floor, and two full baths. Kitchen is bright with new cabinets and stainless appliances, opening to a dining area that's actually usable. There's a flex room off the living space that works as an office or den. Big selling point? The lot. 50 by 264 feet, so it's deep and private, with mature trees and a detached garage at the back. Parking's a breeze with space for up to eight cars on the long driveway. Basement's unfinished, but it's clean and dry with high ceilings, ready for you to finish however you want. Heating's forced air gas, but no AC, so you'll want window units in summer. You're 2 km from downtown Orillia, with Lake Simcoe and Kitchener Park just a short drive. Groceries at Metro are 2.1 km away, and there are tons of restaurants within a couple of km. Taxes run $3,280 a year. Listed at $639,000. That's above the median sold price of $511,900 in the area, but this one's been renovated top to bottom. If you want a place you can move into without lifting a finger, this is it. Great for a family or as a rental investment. Location score is high at 81, and the listing score hits 89, so it's priced right for the market.

About 506 West Street S, Orillia — Property Score

Great Location Hot Market

Score: 69/100

Value

Priced 6.6% below area median of $684,000 based on 100 comparable properties nearby 80

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

13,200 sqft lot - an oversized lot for the area 90

Location

$60K median household income - near the Canadian average of $70K 60

77% of residents hold postsecondary credentials - a highly educated neighbourhood 86

77% homeownership rate - indicating a stable, owner-occupied community 84

68% of residents commute under 30 minutes - excellent commuter accessibility 85

1,964/km² population density - a well-balanced suburban area 90

Market

Just listed - area average is 124 days on market 100

+38.4% median price change over 1 month - rising prices in the area 100

122 months of housing supply - 122 active listings with 1 sold last month (buyer's market) 40

Features

8-car garage - more than the area average of 4.8 spots 95

Unfinished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

None 30

No premium extras like pool, waterfront, or view 50

Investment

0.51% effective tax rate ($3,280/yr) - very low tax burden 85

23% renter population - primarily owner-occupied area 58

Quality

Condition

Listing

33 photos provided - below the area average of 35 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.