385 387 West Street N, Orillia

  • Bedrooms: 5
  • Living area: 2700 square feet
  • Added: 2 months ago
  • Updated: 2 months ago
  • Last Checked: 18 hours ago
  • Listed by: ROYAL LEPAGE IGNITE REALTY

Listing description
This Other at 385 387 West Street N Orillia, ON with the MLS Number s12479016 listed by BOB COOMARASWAMY - ROYAL LEPAGE IGNITE REALTY on the Orillia market 2 months ago at $1,499,000.

Excellent Investment Opportunity! 387 West St N is being sold together with 385 West St N - both properties must be purchased as a package. 385 West St N features 3 fully rented units. 387 West St N features 5 fully rented units. All tenants on month-to-month terms paying market-value rents. Together, these properties offer a strong, stable income stream and great future development potential. Positive cashflow!! While you get your development plan ready you will also generate a positive cashflow!! Intensification Area Land! Fabulous Investment Opportunity! City of Orillia Official Plan has been consolidated on June 2nd, 2025. All tenants willing to stay. Great Property Manager who takes care of all aspects of the property. Handsfree investment opportunity. The property offer a 190' Frontage By 257' depth (1.12 acres) suitable for redevelopment. The site is located within Orillia's "Intensification Area" designation - a zoning context aimed at supporting higher-density, mixed-use development. Under the City of Orillia Official Plan consolidated on June 2nd, 2025 for the Intensification Area, permitted uses include: - Stand alone multiple unit residential buildings, including all forms of townhouses and apartment buildings - Mixed use buildings combining residential units with retail, service, or office uses - Tourist accommodations, live work units, communal housing (with ancillary services) - Home occupations, elementary & secondary schools, places of worship (Church etc.), child care facilities, stand alone retail/restaurant/office/service commercial uses - Additional dwellings in existing residential dwellings, parks & recreation facilities, and public & private utilities. A Minute Away From Hwy 11. The Convenience Of Shopping, Tim Horton's, Business Depot & Canadian Tire. Close by to Golf, Parks, Baseball diamond and play grounds. Less Than 2 km From Lakehead University. Close To Orillia Square Shopping Center. Right Beside Orchard Park Public School. (id:1945)
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Property Details Key information about 385 387 West Street N
  • Cooling: None
  • Heating:
    • Forced air
    • Natural gas
  • Structure Type: Multi-Family
Interior Features Discover the interior design and amenities
  • Living Area: 2700
  • Bedrooms Total: 5
Exterior & Lot Features Learn about the exterior and lot specifics of 385 387 West Street N
  • Water Source: Municipal water
  • Parking Total: 12
  • Lot Size Dimensions: 190 x 257.9 FT
Location & Community Understand the neighborhood and community
  • Directions: Cross Streets: ON-11 Orillia and West Street N. ** Directions: Hwy 400N continue ON-11 to Orillia. Exit 135 from ON-11 (81.5km). Turn right to West St N.
  • Street Dir Suffix: North
Business & Leasing Information Check business and leasing options available at 385 387 West Street N
  • Business Type: Residential
Utilities & Systems Review utilities and system installations
  • Sewer: Sanitary sewer
Tax & Legal Information Get tax and legal details applicable to 385 387 West Street N
  • Tax Annual Amount: 9675.88
  • Zoning Description: R4-8I
Additional Features Explore extra features and benefits
  • List A O R: Toronto
  • List A O R Key: 82
  • Frontage Length Numeric: 190
  • Frontage Length Numeric Units: feet

Nearby Listings Stat Estimated price and comparable properties near 385 387 West Street N

Active listings
8
Min Price
$539,000
Max Price
$1,590,000
Avg Price
$906,925
Days on Market
86 days
Sold listings
7
Min Sold Price
$579,900
Max Sold Price
$4,799,000
Avg Sold Price
$1,241,529
Days until Sold
63 days

Nearby Places Nearby schools and amenities around 385 387 West Street N

Orillia District Collegiate and Vocational Institute (0.7 km)
2 Borland St E, Orillia

Park Street Collegiate Institute (1 km)
233 Park St, Orillia

Tim Hortons (0.2 km)
420 West Street N, Orillia

Tim Hortons (1.6 km)
175 Westmount Dr N, Orillia

Tim Hortons (1.8 km)
25 Colborne St E, Orillia

Tim Hortons (1.9 km)
3295 Monarch Dr, Orillia

The Highwayman Inn & Conference Centre (1.6 km)
201 Woodside Drive, Orillia

Sixteen Front, Casual Fine Dining & Lounge (1.7 km)
16 Front St N, Orillia

Era 67 Restaurant & Lounge (1.7 km)
64 Mississaga St W, Orillia

Cosmo's Ristorante (1.7 km)
90 Mississaga St E, Orillia

Aji Sushi (1.7 km)
2 Front St N, Orillia

Tre Sorelle (1.7 km)
133 Mississaga St E, Orillia

Boston Pizza (2 km)
3300 Monarch Dr, Orillia

Montana's Cookhouse (2.1 km)
3250 Monarch Dr, Orillia

Metro (Metro) (1.6 km)
70 Front St N, Orillia

Food Basics (2.2 km)
975 West Ridge Bl, Orillia

Gaudaur Natural Foods (1.6 km)
17 Andrew St N, Orillia

Mariposa Market Store (1.7 km)
109 Mississaga St E, Orillia

Brewery Bay Food Co (1.7 km)
117 Mississaga St E, Orillia

Price History

October 23, 2025
by ROYAL LEPAGE IGNITE REALTY
$1,499,000
385 387 West Street N
More Details?
BOB COOMARASWAMY
  • BOB COOMARASWAMY
  • ROYAL LEPAGE IGNITE REALTY
  • 647-407-2279
  • Website

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