Raised bungalow near Lake Couchiching with gardens

Property details for 21 Korlea Crescent, Orillia

Type: Residential
Style: Raised bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 49.4 x 135.9 FT ; 118.20 ft x 56.23 ft x135.94ft x49.40 ft
Stories: 1
Basement: Partially finished, Full
Parking: No Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick, Aluminum siding
Ownership: Freehold
Annual Taxes: $3,432

This raised bungalow sits on a 49.4 x 135.9 foot lot in a quiet Orillia neighborhood, just minutes from Lake Couchiching and local parks. The main floor has two good-sized bedrooms plus a bright kitchen with eat-in space and a walkout to a large deck overlooking a fully fenced, private backyard. Established gardens surround the property, designed to attract birds and butterflies while staying low-maintenance. Downstairs, the full basement is partially finished with a spacious rec room featuring a gas fireplace, a second bathroom, laundry, utility room, and an extra finished room that could serve as a third bedroom, office, or studio. With brick and aluminum siding exterior, central air, and forced air gas heating, this home is solid and efficient. You'll have parking for up to three cars, though there's no garage. The property is close to plenty of amenities: Metro grocery store is 2.1 km away, Tim Hortons is 1.9 km, and downtown restaurants like Mariposa Market Store are within 2 km. Highway access is easy, and you're just a short drive to the lake. Priced at $549,900, it's below the nearby median of $599,900, and with 9 sales in the last month in the area, this one should move quickly.

About 21 Korlea Crescent, Orillia — Property Score

Great Location Hot Market

Score: 71/100

Value

Priced 14.1% below area median of $639,900 based on 87 comparable properties nearby 91

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

6,713 sqft lot - a generous lot for the area 78

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 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

3-car garage - area average is 4.9 spots 80

Partially finished, Full basement - potential for additional finished space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

View - premium features that add significant value 60

Investment

0.62% effective tax rate ($3,431/yr) - below the Canadian average of ~1% 81

23% renter population - primarily owner-occupied area 58

Quality

Condition

Listing

30 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.