ON > Orillia
Orillia, ON L3V 2R1,136 Barrie Road
Orillia, ON L3V 2R1,136 Barrie Road
Orillia, ON L3V 2R1,136 Barrie Road
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The Real Estate Boutique Brokerage Inc

The Real Estate Boutique Brokerage Inc

+1(905) 332-2207
Listed by Erna Collins • Century 21 B.J. Roth Realty Ltd. Brokerage
$799,000
Est. payment /mo
4 Beds
2 Baths
1,713 SqFt
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UPDATED:

09/26/2024 04:07 PM

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

Abv Grd Liv Area 1,713

Originating Board Barrie

Year Built 1920

Annual Tax Amount $3,557

Lot Size 0.320 Acres

Acres 0.32

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

Direction West St. to Barrie Rd. West.

Rooms

Basement Partial, Unfinished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Baseboard, Forced Air, Natural Gas

Cooling None

Fireplace No

Appliance Water Heater Owned, Hot Water Tank Owned, Refrigerator, Stove

Laundry None

Exterior

Waterfront No

Waterfront Description Lake/Pond

Roof Type Asphalt Shing

Lot Frontage 110.0

Lot Depth 117.95

Garage No

Building

Lot Description Irregular Lot, City Lot, Near Golf Course, Highway Access, Hospital, Library, Marina, Park, Place of Worship, Public Transit, Schools, Shopping Nearby

Faces West St. to Barrie Rd. West.

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

Others

Senior Community No

Tax ID 586450082

Ownership Freehold/None

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