Detached 2 Storey House in Orillia! Assigned

  • $389,999
  • 2 beds
  • 2 baths
  • 1442 sqft


Detached 2 Storey House in Orillia!

Fix and Flip or Rental Opportunity

$60K BELOW Market Value!

Harvey Street

Harvey Street, Orillia, Ontario

Closing Date: May 29th, 2023
*The seller has the option to extend closing to June 5, 2023 given notice is provided by May 22, 2023 to the buyer*

** Realtors bring us a client and add your commission on top of the purchase price**

About the Property

Attention investors looking for a spring project! This structurally sound 1.5 storey home has loads of potential and is in need of a cosmetic renovation to bring it back to its glory! The upper floor contains 2 bedroom 1 bathroom and on the main floor there is 1 bathroom. The basement is mostly a crawl space that is accessible from the outside. There is a small part of the basement that is home to the water softener and HWT that is about 5.5-6ft in height. The property has been very well kept (specifically the main floor) and there is a lot that can be salvaged, specifically the roof (2020), utilities (all replaced in 2018) and kitchen. This property is perfect for an investor looking for a spring fix and flip or rental in Orillia.

About the Neighbourhood 

The subject property is situated in a good neighbourhood in Orillia. Orillia is located about 30 minutes North from Barrie and about an hour and a half from the GTA. Orillia is close to many beaches and trails making it an attractive market for a short term rental. The subject property is close to countless amenities including; Shoppers Drug Mart, LCBO, Gas Stations, Tim Hortons, Zehrs, Starbucks, Subway, and much more.

Property Details

  • Detached 1.5 Storey House
  • 2 bedrooms
  • 2 bathrooms
    • 1 full bathroom
    • 1 half bathroom
  • 1442 total sqft
  • Built in 1920
  • Crawl Space
    • Moisture in the unfinished area
  • Breaker panel, copper wiring
    • some aluminum wiring
  • Copper plumbing with some cast iron
  • No furnace
    • Two fireplaces used for heating and are natural gas
  • HWT is a rental and was replaced in 2018
  • No A/C
  • The water softener and water filtration system were redone in 2020
  • Roof was redone in 2020
  • Windows are about 20+ years
  • Stone foundation
  • 3-4 parking spots
  • Property taxes are $1286
  • Lot size is 60ftx109ft
  • Zoning R2

Recommended Renovations

  • Full cosmetic renovation
  • Remove the popcorn ceiling
  • Consider sanding and staining the deck
  • The seller has the option to leave junk behind so we would recommend budgeting for junk removal
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent Fix & Flip or Rental Opportunity.

  • Wholesale Price: $389,999
  • We believe that this property is worth $450,000 “as-is” on the MLS
  • We believe that after a full cosmetic renovation this property will see for at least $575,000 on the MLS
  • Buy now for 60K BELOW market value!

Comparable Analysis

  • 380 Gill Street sold for $496,000 in April 2023. This comparable is a 2 bedroom and 1 bathroom and is larger in size. The comparable is also siding and dated throughout. The comparable sits on a larger lot size and comes with a detached garage. Therefore, after adjustments, we believe this property would sell for at least $450,000 “as-is” on the MLS.
  • 71 Fowlie Street sold for $530,000 in February 2023. This 2 bedroom 2 bathroom comparable is smaller in size than the subject property and is dated throughout. The comparable has a detached garage but sits on a smaller lot size than the subject property. Therefore, after adjustments, we believe this property would sell for at least $450,000 “as-is” on the MLS.
  • 390 Mary Street  sold for $630,000 in April 2023. This 3 bedroom 2 bathroom comparable is smaller in size but sits on a larger lot size. The comparable has been updated throughout with very modest finishes. Unlike the subject property the comparable has a finished basement and a detached garage. Therefore assuming nicer finishes and a full cosmetic renovation, we believe this property would sell for at least $575,000 on the MLS.
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Need Financing?
Looking for a construction cost estimate?

SLG Renovations will manage the construction of this project from start to finish. If you’re looking for an estimate please email
View our past projects here

If You’re Interested….

Email us at or call Jocelyn at 647-930-0291. Jocelyn can answer any questions you have and set up a time to view the property.


Please Do Not Go Directly to the Property


Disclaimer: The contents of this email are for informational purposes only. We are not home inspectors or appraisers. Please ensure you do your own due diligence.
Square Feet:
Lot Size:
60ft x 109ft
Assignment of Contract
Property Type:
Year Built:

Call 647-930-0291 for more details