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New1 day ago

11 Colborne Street

Rural Oro-Medonte, Oro-Medonte

$788,900

Detached|2-Storey
3 | 2 | 11
About this home

OVER HALF AN ACRE, A PRIVATE 2-STOREY HOME, IN-LAW POTENTIAL, JUST 2 MINUTES FROM BARRIE & WALKING DISTANCE TO LAKE SIMCOE! Set at the end of a quiet cul-de-sac on a 125 x 200 ft lot surrounded by mature trees with only one home directly beside it, this property feels worlds away from the city, yet Barrie is only 2 minutes away. Hwy 400, Hwy 11 and RVH are easily accessible, while the Barrie North Shore Trail is just a 5-minute walk away and Johnson's Beach is approximately a 10-minute walk from home. Notable updates and systems include a newer well and septic system, a renovated main-floor bathroom, professionally refinished maple hardwood, updated ductwork, a high-efficiency gas furnace with built-in humidifier, central air, water filtration and a water softener. Nearly 2,100 sq. ft. unfolds through distinct living spaces, including an eat-in kitchen with white cabinets, pantry storage, a farmhouse sink with an apron front, stainless steel appliances and a gas stove, plus a separate dining room. The living room opens to the 4-season sunroom, while the family room features a vaulted beamed ceiling, skylight, wood fireplace and walkout to the back deck, where a wide lawn meets a dense backdrop of mature trees for exceptional privacy. The main-floor primary bedroom sits close to the renovated bathroom, adding valuable flexibility for buyers who appreciate having a bedroom and full bath on the main level. Upstairs, two additional bedrooms, a 4-piece bathroom and an eat-in kitchen create in-law potential. The kitchen occupies what was originally the fourth bedroom and could be converted back if desired. The unfinished basement adds meaningful future potential, with ample room to create additional recreation, fitness, hobby or living space. A winding paved driveway leads to the 3-car tandem garage with interior access and a rear man door. Lower property taxes, combined with the absence of municipal water and sewer charges, create a notable long-term ownership advantage.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$4,269
Lot Size125 ft x 200 ft
mls© NumberS14091760
Listed ByRE/MAX HALLMARK PEGGY HILL GROUP REALTY

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,038
Property tax
$356
Heat allowance
$150
Housing costs
$4,544 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $157,780
25-yr amortization

Income needed

$140,000

gross annual household income

Payment at 4%
$3,320 / mo
Cash down
$157,780

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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