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Royal LePage
Royal LePage
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$799,000

Orillia ON, L3V 5E7

MLS® # S12474832

Property Information:

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!!! 387 West St N features 5 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 95' Frontage By 257' depth (0.56 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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Air Conditioning: Yes
  • Amenities:
  • Basement Type: None
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace: Yes
  • Floor Space: 1500 - 2000 sqft
  • Flooring Type: Hardwood, Laminate
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Window air conditioner

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 5
  • Amenities Nearby: Golf Nearby, Hospital, Public Transit, Schools
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 257.8 Feet
  • Lot Frontage: 92.0 Feet
  • Lot Size: 92 x 257.9 FT ; 92.08 x 257.85 x 91.98 x 257.85 ft
  • Structure Type: Shed
  • Utility Type: Hydro - Installed, Sewer - Installed, Cable - Installed
  • View Type: City view
  • Zoning: R4-8I Res
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 7

Rooms:

  • Living 2nd Level 3.30 m x 3.00 m
  • Kitchen 2nd Level 3.60 m x 3.20 m
  • Living 2nd Level 4.10 m x 2.70 m
  • Bedroom 2nd Level 3.30 m x 3.00 m
  • Kitchen 2nd Level 3.80 m x 3.00 m
  • Living Basement Level 4.00 m x 3.70 m
  • Kitchen Basement Level 3.80 m x 3.00 m
  • Kitchen Ground Level 4.00 m x 3.70 m
  • Bedroom Ground Level 3.00 m x 2.50 m
  • Living Ground Level 4.00 m x 3.70 m
  • Kitchen Ground Level 4.00 m x 3.70 m
  • Bedroom Ground Level 3.30 m x 3.00 m
  • Living Ground Level 3.30 m x 3.00 m

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Location of 387 WEST STREET N, Orillia, Ontario, L3V 5E7

Demographic Information of 387 WEST STREET N, Orillia, Ontario, L3V 5E7

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$94,390.34

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.7 %

High school certificate or equivalent

24.72 %

Apprenticeship trade certificate/diploma

9.33 %

College/non-university certificate

24.56 %

University certificate (below bachelor)

1.26 %

University Degree

19.43 %

Commuter

Travel To Work

By Car

83.21 %

By Public Transit

3.81 %

By Walking

9.17 %

By Bicycle

0.0 %

By Other Methods

3.81 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

37.47 %

Houses

62.53 %

Own Vs. Rent

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