Re-listed 20 days ago

140 Cedar Island Rd #401, Orillia, Ontario L3V 1T1

In the same building:
-
Condo
2
3
~2000-2249 sqft
$1,149,000
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Condo
2
3
~2000-2249 sqft

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Highlights

Property Estimate

Days on market20 days

Total days on market
59 days

Estimated valueNot available

Price/Sqft$542/sqft

Monthly cost

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Description

2,208 SQ FT PENTHOUSE WITH MASSIVE ROOFTOP TERRACE, PRIVATE BALCONY, 2 PARKING SPOTS, LAKE VIEWS & RARE PRIVATE DOCK SLIP! Here's your chance to own the crown jewel of Elgin Bay Club, a highly sought-after waterfront penthouse with over 2,200 sq ft of light-filled living space and jaw-dropping views of Lake Couchiching. This bright corner unit features an expansive private rooftop terrace with panoramic views of the lake and Orillia skyline, plus a balcony with a glass sliding walkout overlooking the marina, waterfront park, and downtown. Minutes to shops, dining, trails, parks, beaches, and a marina, this prime location is all about lifestyle. The kitchen offers white cabinets with some glass inserts, granite counters, a bold black/white tile backsplash, an updated built-in oven and cooktop, a large pantry and a breakfast nook. The expansive living and dining areas are anchored by a gas fireplace and feature dual furnace systems with separate heat controls. The generous primary bedroom includes a sitting area, a walk-in closet and a 4-piece ensuite with a glass shower, jacuzzi tub and massive vanity. A 4-piece main bath serves the second bedroom. Bonus second-level loft with a walkout offers added living space and flexible use. Newer vinyl flooring is featured throughout most areas, with in-suite laundry and ample storage adding everyday convenience. Two owned parking spaces, one underground and one outdoor, an exclusive storage locker, make daily living easy. Residents enjoy amenities including a party/meeting room, rooftop deck, community BBQ and visitor parking. Enjoy exclusive ownership of one of Elgin Bay Club's rare private dock slips, as one of the few residences with this privilege, so you can pull up on your boat, store your kayak, and savour waterfront living! Fees include water, parking, building insurance and common elements. Opportunities like this are few and far between - make this rare waterfront penthouse your #HomeToStay before someone else does!


Property Details

Style2-Storey
ViewLake, Marina, Water, Beach, Downtown, Panoramic
Age of property16-30
SqFt~2000-2249 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberS12567242
Community NameOrillia
Data SourceTRREB
Listing byRE/MAX HALLMARK PEGGY HILL GROUP REALTY

Features

Heating: Forced Air
Cooling: Central Air
Fireplace

Main Floor

Foyer

2.54 x 2.31

Tile Floor

Kitchen

5.38 x 3.4

Granite Counter / Pantry / Galley Kitchen

Living

7.65 x 8.28

Combined W/Dining / W/O To Balcony / Fireplace

Primary

5.36 x 5.77

W/I Closet / 4 Pc Ensuite / Broadloom


Features

Patio: Terr
Balcony: Terr

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 1

Total parking spaces 2


4Story
Elevator
Amenities

Bbqs Allowed, Elevator, Communal Waterfront Area, Rooftop Deck/Garden, Party/Meeting Room, Shared Dock

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Nov 21, 2025
ListedActive
$1,149,000
20 days on market
history photo preview23
Listing by trreb®
Property listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY, Brokerage
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Market Data - Orillia

Geo Zone Map ThumbnailOrillia

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

31 days

Compared to

2024

45 days

2023

0 day

2022

36 days

New Listings

Past 30 days

14 listings

Compared to

2024

10 listings

2023

6 listings

2022

11 listings

Units sold

Past 30 days

3 units

Compared to

2024

5 units

2023

0 unit

2022

7 units

Median Sold Price

Past 30 days

$550,000

Compared to

2024

$390,000

2022

$475,000


Population and Demographics

Overview

Total population 31981
Average household income $99,873

Age (%)

0 to 19
19%
20 to 34
19%
35 to 49
16%
50 to 64
21%
65 and plus
26%

Household composition (%)

Single family
58%
Single person
36%
Multi person
5%
Multi family
1%

Mother tongue (%)

English
94%
Others
4%
French
1%

House tenancy (%)

Owners
61%
Renters
39%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget