136 Barrie Road Active Save Request In-Person Tour Request Virtual Tour
Orillia,ON L3V 2R1
Key Details
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,713 sqft
Price per Sqft $466
MLS Listing ID 40606462
Bedrooms 4
Year Built 1920
Annual Tax Amount $3,557
Lot Size 0.320 Acres
Property Description
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.
Location
Province ON
County Simcoe County
Area Orillia
Zoning R2
Rooms
Kitchen 0
Interior
Heating Baseboard,Forced Air,Natural Gas
Cooling None
Laundry None
Exterior
Waterfront No
Waterfront Description Lake/Pond
Roof Type Asphalt Shing
Building
Lot Description Irregular Lot,City Lot,Near Golf Course,Highway Access,Hospital,Library,Marina,Park,Place of Worship,Public Transit,Schools,Shopping Nearby
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Harriet Todd Public School, St. Bernard Catholic
High Schools Twin Lakes Secondary, Patrick Fogarty Catholic