136 Barrie Road, Orillia, ON, L3V 2R1

$799,000

MLS® # 40606462

Investment For Sale In Orillia, Ontario

$799,000

Property Information:

Check out this great investment opportunity. Existing Legal duplex with 2 x 2 bedroom units, potential to create a smaller 3rd unit. Two existing apartments with separate hydro meters. Current building sits on a large in town double lot. Due to City of Orillia zoning changes, this property would be approved for 16 units in two buildings, initial conversations with City of Orillia have taken place to clarify the City's position on increasing residential density in this Orillia neighbourhood. Ideally located across the road from a large complex of rental units, with ongoing expansion. Great for Investors and Developers alike, to build and re-sell Or retain in your investment portfolio as ongoing Income property. Buy now with immediate Income and let the current Rental Income carry the costs, while City of Orillia processes for approvals takes place. Lots of potential for this property. Ideally located within close proximity and walking distance to the hospital, quaint downtown Orillia offering cafes, restaurants, banks and shopping, and within a few steps to the new Orillia Recreation Centre. Orillia is quickly growing, why not become part of the growth and build your Investment portfolio. Buyer is responsible for all City of Orillia processes and costs for the approval of change of use and permits.

Inclusions: Hot Water Tank Owned,Hot Water Tank, Owned

Exclusions : Tenant's Belongings

Building Features:

  • Floor Space: 1713 Square Feet

Property Features:

  • Bedrooms: 4
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Built in: 1920
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Driveway Parking: Private Drive Double Wide
  • Floor Space (approx): 1713 Square Feet
  • Heating: Baseboard, Forced Air, Natural Gas
  • Interior Features: Separate Hydro Meters
  • Laundry Features: None
  • Lot Depth: 117.95 Feet
  • Lot Features: Irregular Lot, City Lot, Near Golf Course, Highway Access, Hospital, Library, Marina, Park, Place of Worship, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 110.00 Feet
  • Road Frontage Type: Municipal Road
  • Roof: Asphalt Shing
  • Security Features: Smoke Detector(s)
  • Water Source: Municipal
  • Waterfront Features: Lake/Pond
  • Zoning: R2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Courtesy of: Century 21 B.J. Roth Realty Ltd. Brokerage

Data provided by: Barrie & District Association of REALTORS® 676 Veterans Dr., Barrie, Ontario L9J 0H6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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