Sales Representative
Royal LePage Ignite Realty
, Brokerage*
387 WEST STREET N, Orillia, Ontario, L3V 5E7
$799,000MLS® # S12474832
Investment For Sale In Orillia, Ontario
$799,000
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!!! 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 10.83 ft x 9.84 ft
- Kitchen 2nd Level 3.60 m x 3.20 m 11.81 ft x 10.50 ft
- Living 2nd Level 4.10 m x 2.70 m 13.45 ft x 8.86 ft
- Bedroom 2nd Level 3.30 m x 3.00 m 10.83 ft x 9.84 ft
- Kitchen 2nd Level 3.80 m x 3.00 m 12.47 ft x 9.84 ft
- Living Basement Level 4.00 m x 3.70 m 13.12 ft x 12.14 ft
- Kitchen Basement Level 3.80 m x 3.00 m 12.47 ft x 9.84 ft
- Kitchen Ground Level 4.00 m x 3.70 m 13.12 ft x 12.14 ft
- Bedroom Ground Level 3.00 m x 2.50 m 9.84 ft x 8.20 ft
- Living Ground Level 4.00 m x 3.70 m 13.12 ft x 12.14 ft
- Kitchen Ground Level 4.00 m x 3.70 m 13.12 ft x 12.14 ft
- Bedroom Ground Level 3.30 m x 3.00 m 10.83 ft x 9.84 ft
- Living Ground Level 3.30 m x 3.00 m 10.83 ft x 9.84 ft
Courtesy of: Royal LePage Ignite Realty
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