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For saleListed 23 days agoMLS® S13802712

25 Lankin Boulevard, Orillia, ON

Orillia · Lankin Canal · View map

$725,000
4Beds
3Baths
1100-1500Sq ft
Lankin CanalWaterbody
18 ftFrontage
2-StoreyStyle
Year Round Municipal RoadAccess
$5,928/yrTaxes
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$725,000
Direct waterfrontOn Lankin Canal
18 ft of frontageMeasured along the water
Four-seasonBuilt for year-round use
Water accessReached by boat

About this property

Here is an opportunity that is all about location, potential and a lifestyle that is difficult to duplicate. Situated on 60 feet of frontage on the Lankin Canal, this unique Orillia property offers direct boating access to Lake Simcoe right from your own backyard. Keep your boat at the private dock and head out onto the lake whenever the mood strikes, all while enjoying the convenience of an in-town location with Lankinwood Park directly across the street. The approximately 2,300 sq.ft. all-brick, two-storey home offers plenty of space and plenty of potential, along with a double car garage and a flexible layout that could be reimagined to suit the next owner's needs. The upper level is filled with natural light and features a kitchen, dining area, living room, 3 bedrooms and a 4-piece bath. The original primary bedroom and 3-piece ensuite have been separated from the main living space and are currently being used as a studio apartment with its own exterior entrance. Reconnecting this space would restore the upper level to a 4-bedroom layout including a primary bedroom with ensuite, while the existing configuration may offer other possibilities subject to the necessary approvals. The lower level provides additional in-law or extended family potential with a bedroom, 3-piece bath, kitchen and living area with brick fireplace and gas insert, but requires some finishing. There is work to be done here, including flooring, decks and general updating, but the fundamentals are difficult to duplicate: a substantial brick home, double garage, private dock and direct boat access to Lake Simcoe. An opportunity for the buyer who can see beyond what is here today and imagine what this canal-front property could become.

The property

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Listing

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Estimated monthly cost—Mortgage, property tax and insurance
  • Mortgage
  • Property tax
  • Insurance

Cash needed to close

  • Down payment
  • Ontario land transfer tax
  • Legal fees and title insurance (est.)
  • Inspections: building, septic, water (est.)
  • Total to close

Estimates for illustration only. Recreational property can need a larger down payment and a different rate than a city home. See how cottage financing works.

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25 Lankin Boulevard, Orillia, ON

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Listing courtesy of Re/Max Professionals North. Listing data © PropTx MLS®. Information deemed reliable but not guaranteed.

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