$799,000 $4,289 est/mo Sourced by Back At You

136 Barrie Road,Orillia, ON L3V 2R1

Orillia ON, L3V 2R1

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Description

Check out this great investment opportunity. Existing Legal duplex with 2 x 2 bedroom units, potential to create a smaller 3rd unit. Two existing apartments with separate hydro meters. Current building sits on a large in town double lot. Due to City of Orillia zoning changes, this property would be approved for 16 units in two buildings, initial conversations with City of Orillia have taken place to clarify the City's position on increasing residential density in this Orillia neighbourhood. Ideally located across the road from a large complex of rental units, with ongoing expansion. Great for Investors and Developers alike, to build and re-sell Or retain in your investment portfolio as ongoing Income property. Buy now with immediate Income and let the current Rental Income carry the costs, while City of Orillia processes for approvals takes place. Lots of potential for this property. Ideally located within close proximity and walking distance to the hospital, quaint downtown Orillia offering cafes, restaurants, banks and shopping, and within a few steps to the new Orillia Recreation Centre. Orillia is quickly growing, why not become part of the growth and build your Investment portfolio. Buyer is responsible for all City of Orillia processes and costs for the approval of change of use and permits.

Details

MLS#40606462
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1920
Days On Site37
Listing Provided ByCentury 21 B.J. Roth Realty Ltd. Brokerage | Erna Collins

Features

Bed(s)4
Bath(s)2
SQ Feet1,713
BasementY
Story(s)2
Units2
ZoningR2
Acreage0.32
Golf CourseYes
Water FrontYes
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Listings Checked: 10 minutes ago
ProvinceON
CountySimcoe County
CityOrillia
Postal CodeL3V 2R1
AreaOrillia
SubareaWest Ward
Community NameWest Ward
School DistrictTwin Lakes Secondary, Patrick Fo
Elementary SchoolHarriet Todd Public School, St.
Listing VS Median (in West Ward)
Price:
$799,000
low | high
Med:
$648,500
68.83604505632% of Average
SqFt:
1,713
low | high
Med:
1,142
83.333333333333% of Average
$ / SqFt:
$466
low | high
Med:
$568
28.247435185401% of Average
On Site:
37
low | high
Med:
119.000000
31.09243697479% of Average
Sourced by Back At You
Listing Updated: June 14, 2024 at 4:58:39 PM PDT