385 West Street N, Orillia
- Bedrooms: 4
- Bathrooms: 3
- Added: 2 months ago
- Updated: 2 months ago
- Last Checked: 20 hours ago
- Listed by: ROYAL LEPAGE IGNITE REALTY
Listing description
This Other at 385 West Street N Orillia, ON with the MLS Number s12474818 listed by BOB COOMARASWAMY - ROYAL LEPAGE IGNITE REALTY on the Orillia market 2 months ago at $699,000.
Intensification Area Land!. Fabulous Investment Opportunity!. City of Orillia Official Plan has been consolidated on June 2nd, 2025. Excellent Investment Opportunity! Positive cashflow!! Great future development potential!!! 385 West St N features 3 fully rented units, all on month-to-month terms with solid tenants paying market-value rents. Positive cashflow!! All tenants willing to stay. Great Property Manager who takes care of all aspects of the property. Handsfree investment opportunity. The property offer a 98' Frontage By 257' depth (0.57 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. Financials available upon request. (id:1945)
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Price History
October 21, 2025
by ROYAL LEPAGE IGNITE REALTY
$699,000
