12 Olive Drive

Welcome to this charming bungalow located at 12 Olive Drive, Oro-Medonte, a fantastic opportunity for contractors, investors, and those looking for a hands-on project with considerable potential. This house for sale in Oro-Medonte is set on an impressive 100 x 160 ft lot in the well-established and family-friendly neighbourhood of Prices Corners. The property seamlessly combines location value with significant upside, making it a remarkable find in the heart of Simcoe County.

Situated just minutes away from Orillia and conveniently close to Highways 400, 12, and 11, this house for sale in Oro-Medonte offers easy access to everyday essentials such as shopping, dining, and even your favourite coffee spot, Tim Hortons. The area is known for its highly sought-after school zone, which enhances the future resale or rental appeal of this delightful home.

As you step inside this unfurnished bungalow, you'll discover a functional main-floor layout that is ready for your modernisation ideas. With three bedrooms and a den, this house for sale in Oro-Medonte provides ample space for a growing family or those who desire extra room for guests or a home office. The two bathrooms ensure convenience for all, while the additional kitchen on the lower level adds to the versatility of the space.

The recently updated lower level is a significant value add, offering excellent potential for an in-law suite, making it ideal for multi-generational living. The separate entrance to the basement enhances privacy and accessibility, allowing for various living arrangements. With a total of six rooms and five additional spaces, this home is designed for functionality and comfort.

One of the standout features of this property is the oversized double-car garage, which not only provides ample storage but also workspace flexibility for your projects. Although there is no central vacuum system, the forced air heating ensures a warm and inviting atmosphere throughout the home. The absence of air conditioning may be a consideration, but the natural ventilation of the bungalow, combined with the expansive backyard that backs onto a peaceful forest, creates a serene environment perfect for relaxation and outdoor activities.

The lot size of less than half an acre offers plenty of room for outdoor enjoyment, and with Bass Lake nearby, year-round recreation is just a stone's throw away. Whether you fancy a summer swim, a winter hike, or simply enjoying the tranquillity of nature, this location provides an enviable lifestyle for future occupants.

While this house for sale in Oro-Medonte may not feature a pool or fireplace, its potential is truly worth exploring. The combination of a well-designed layout, a generous lot size, and a prime location makes this property a standout opportunity. With parking space for up to six vehicles, hosting friends and family will be a breeze.

In conclusion, if you are searching for a property that offers a nice lot size, a prime location, and the opportunity to build real value, look no further than this bungalow at 12 Olive Drive, Oro-Medonte. The potential here is immense, and with your vision, this house for sale in Oro-Medonte could become your dream home. Don't miss out on this fantastic opportunity to invest in a property with so much to offer!

Prices Corners is a charming and tranquil geographic enclave nestled within the picturesque municipality of Oro-Medonte, Ontario. This serene area is characterised by its lush landscapes, rolling hills, and a close-knit rural atmosphere, making it an ideal retreat for those seeking a peaceful lifestyle away from the hustle and bustle of city life. Residents can enjoy the beauty of nature with ample opportunities for outdoor activities such as hiking, cycling, and exploring nearby lakes. The community's convenient location provides easy access to essential amenities and services in Oro-Medonte, while still retaining its quaint, rural charm. With a strong sense of local pride and a welcoming spirit, Prices Corners offers a delightful setting for anyone looking to embrace a more relaxed pace of life.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Marchmont Public School, situated just 1.6 km away. This elementary school, governed by the Simcoe County District School Board, serves grades JK to 8 and offers a public education in English. It has a school rating of 6.8, indicating a solid reputation within the community. Additionally, Notre Dame Catholic School is located 4.6 km from the property. This elementary school operates under the Simcoe Muskoka Catholic District School Board and provides Catholic education for grades JK to 8. However, it currently holds a school rating of 0, suggesting potential concerns regarding its performance. Overall, families considering this property will appreciate the proximity to Marchmont Public School for quality public education, while also having the option of Notre Dame Catholic School nearby. This diverse educational landscape ensures that parents have choices to meet their children's educational needs.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 723 residents as of 2021. The average household consists of three individuals, with a median age of 38.1 years. The community enjoys a high average household income of $127,000, with only 3.4% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $730,000. Family-oriented, nearly 49% of households include children, while a significant portion of the population, 24.55%, is single. The area is relatively stable, with no renters or condominiums present, indicating a strong ownership culture. Education is a priority, as evidenced by the 63.48% of residents holding a college or university degree. However, a notable 33.91% of the population is not actively participating in the labor force, which may reflect a variety of factors including retirement or stay-at-home parenting. Additionally, immigrants constitute 7.05% of the community, contributing to its diversity. Overall, this area presents a desirable environment for families and professionals alike, combining economic stability with a strong educational foundation.