136 Barrie Road Orillia, Ontario L3V 2R1
$799,000
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. (id:31454)
Property Details
| MLS® Number | 40606462 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Marina, Park, Place Of Worship, Public Transit, Schools, Shopping |
| Parking Space Total | 4 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 4 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1920 |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 1713 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Marina, Park, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 118 Ft |
| Size Frontage | 110 Ft |
| Size Irregular | 0.32 |
| Size Total | 0.32 Ac|under 1/2 Acre |
| Size Total Text | 0.32 Ac|under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/27045311/136-barrie-road-orillia
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June 14 2024 08:48:44
Barrie & District Association of REALTORS® Inc.
Century 21 B.j. Roth Realty Ltd. Brokerage