136 Barrie Road , Orillia, ON L3V 2R1
Orillia, ON L3V 2R1
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 Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 116 |
| Listing Provided By | Century 21 B.J. Roth Realty Ltd. Brokerage | Erna Collins |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,713 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | R2 |
| Acreage | 0.32 |
| Golf Course | Yes |
| Water Front | Yes |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Simcoe County |
| City | Orillia |
| Postal Code | L3V 2R1 |
| Area | Orillia |
| Subarea | West Ward |
| Community Name | West Ward |
| School District | Twin Lakes Secondary, Patrick Fo |
| Elementary School | Harriet Todd Public School, St. |
| Listing VS Median (in West Ward) | |
Price: $799,000 low | high Med: $640,000 SqFt: 1,713 low | high Med: 1,634 $ / SqFt: $466 low | high Med: $392 On Site: 116 low | high Med: 54.000000 | |