Deep 204-foot lot backing onto Grenville Park in Orillia

Property details for 401 Mississaga Street W, Orillia

Type: Residential
Style: Raised bungalow
Bedrooms: 5
Bathrooms: 2
Lot Size: 55 x 204 FT
Stories: 1
Basement: Finished, Apartment in basement, Walk out, N/A, N/A
Parking: No Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Vinyl siding
Ownership: Freehold
Annual Taxes: $3,311 (2025)

This raised bungalow sits on a massive 55 x 204 foot lot that backs onto Grenville Park. It's a rare find in town. The house itself has 5 bedrooms (3 up, 2 down) and 2 full baths, with the lower level finished as a separate in-law suite. You get a walk-out to the backyard from the basement. The main floor has a second laundry hookup. Updates from the past year include a dishwasher, microwave/hood fan, fencing, and an electric fireplace. You'll appreciate the central air for summer and forced air gas heat for winter. There's parking for 5 cars on the driveway, though no garage. The front porch and back deck give you outdoor hangout spots. The backyard is massive and flat, with a storage shed included. Location is super convenient: short drive to Hwy 11, walk to Homewood Park, and a bus ride to downtown Orillia. You're about a kilometre from Tim Hortons and The Highwayman Inn, and 1.7 km to Food Basics for groceries. The neighbourhood is active, with a median sold price of $572,000 in the last 30 days and homes selling in about 39 days on average. This one's priced at $579,000 with taxes around $3,311. There's good value here, especially with the in-law potential.

About 401 Mississaga Street W, Orillia — Property Score

Prime Location Hot Market Well Priced

Score: 72/100

Value

Priced 21.8% below area median of $739,950 based on 56 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 2 more than similarly priced 3-bedroom homes nearby 84

2 bathrooms - typical for similarly priced properties 60

11,220 sqft lot - an oversized lot for the area 90

Location

$72K median household income - near the Canadian average of $70K 66

73% of residents hold postsecondary credentials - a highly educated neighbourhood 82

91% homeownership rate - indicating a stable, owner-occupied community 94

85% of residents commute under 30 minutes - excellent commuter accessibility 98

2,233/km² population density - a well-balanced suburban area 92

Market

Just listed - area average is 54 days on market 100

+89.3% median price change over 1 month - rising prices in the area 100

29.8 months of housing supply - 119 active listings with 4 sold last month (buyer's market) 40

Features

5-car garage - more than the area average of 4.9 spots 95

Finished, Apartment in basement, Walk out, N/A, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.57% effective tax rate ($3,311/yr) - very low tax burden 83

9% renter population - primarily owner-occupied area 41

Quality

Condition

Listing

46 photos provided - 31% more than 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.