385 WEST STREET N, Orillia, Ontario, L3V 5E7

$699,000

MLS® # S12474818

Investment For Sale In Orillia, Ontario

$699,000

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!!! 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:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Architectural Style: Bungalow
  • Basement Type: None
  • Exterior Finish: Brick, Vinyl siding
  • Floor Space: 700 - 1100 sqft
  • Flooring Type: Laminate
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 3
  • Amenities Nearby: Golf Nearby, Hospital, Public Transit, Schools
  • Floor Space (approx): 700 - 1100 Square Feet
  • Irregular: Yes
  • Lot Depth: 257.8 Feet
  • Lot Frontage: 97.3 Feet
  • Lot Size: 97.4 x 257.9 FT ; 97.53 x 257.85 x 97.43 x 257.85 ft
  • Structure Type: Shed
  • Utility Type: Cable - Installed, Sewer - Installed, Hydro - Installed
  • View Type: City view
  • Zoning: R4-8I Res
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Rooms:

  • Bedroom Basement Level 3.30 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
  • Bedroom Ground Level 4.00 m x 3.70 m
  • 2nd 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
  • Kitchen Ground Level 3.80 m x 3.00 m

Courtesy of: Royal LePage Ignite Realty

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Additional Photos