387 WEST STREET N new Save Request In-Person Tour Request Virtual Tour
Orillia,ON L3V5E7
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $532
Subdivision Orillia
MLS Listing ID S12474832
Bedrooms 5
Source Toronto Regional Real Estate Board
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 5.0
Extra Room 1 Second level 3.3 m X 3 m Living room
Extra Room 2 Second level 3.6 m X 3.2 m Kitchen
Extra Room 3 Second level 4.1 m X 2.7 m Living room
Extra Room 4 Second level 3.3 m X 3 m Bedroom
Extra Room 5 Second level 3.8 m X 3 m Kitchen
Extra Room 6 Basement 4 m X 3.7 m Living room
Interior
Heating Forced air
Cooling Window air conditioner
Flooring Hardwood,Laminate
Exterior
Parking Features No
View Y/N Yes
View City view
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Sanitary sewer