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For Lease
Just Listed

2988 Monarch Drive Basement #Basement

Orillia, Orillia, ON
$1,700
0+1Bd
1Ba
2,750+sqft
1Parking
39.37 x 147.64 ftlot
$1/sqft
DetachedMLS# S13233624Listed 2026-06-031 DOM
Heating
On Demand Water Heater
Cooling
Central Air

Just listed! New listings in Orillia often receive offers within the first week.

About this home

BASEMENT UNIT? TECHNICALLY. BRIGHT, MODERN & BEAUTIFULLY FINISHED? ABSOLUTELY! This newly completed basement unit for lease is situated in Orillia's sought-after West Ridge neighbourhood, offering a bright open-concept layout accented by pot lights, durable flooring and a modern aesthetic throughout. The kitchen features sleek cabinetry, stainless steel appliances, a statement backsplash and a large island that creates a natural gathering place for meals, studying or working from home. A spacious bedroom with a large window and closet space offers an inviting place to settle in, while the stylish 3-piece bathroom showcases a glass-enclosed shower, contemporary tile finishes, a modern vanity and LED mirror. A separate entrance, private laundry and one driveway parking space add to the appeal. Surrounded by parks and trails, this West Ridge location offers easy access to Lakehead University, Costco, Walmart, Zehrs, Home Depot, Food Basics, Tim Hortons, Starbucks, Montana's BBQ and Bar, the movie theatre, major commuter routes and a wide range of everyday amenities.

Rooms

Basement
Kitchen3.54 × 3.01 m
Dining Room1.85 × 1.45 m
Living Room5.08 × 4.37 m
Bedroom4.00 × 5.82 m

Features

  • On Demand Water Heater
  • Separate Entrance
  • Central Air
  • 2-Storey

Financials

Estimated Rental Income

Entire property$2,000 – $3,000/mo
Basement apartment$1,800 – $2,500/mo
Rental yield1411.8% – 2117.6%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Orillia

Days on market1 days
Buyer's MarketSeller's Market

Based on active listings in Orillia. Data updates daily.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$1,700
2988 Monarch Drive Basement, Orillia
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