Homes for sale - 387 WEST STREET N, Orillia, ON L3V5E7

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Lisa Laughton

lisalaughtonrealty@gmail.com +1(403) 804-1248

$ 799,000

Est. payment | -/mo

5 Beds

5 Baths

1,500 SqFt

Save

$ 799,000

Est. payment | -/mo

Save

5 Beds

5 Baths

1,500 SqFt

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

Listed by ROYAL LEPAGE IGNITE REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 804-1248

lisalaughtonrealty@gmail.com

1817 Crowchild Trl NW, Calgary, T2M, 4R6, Canada

387 WEST STREET N Orillia, ON L3V5E7