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385 West Street N Orillia, Ontario L3V 5E7

4 Bedroom 3 Bathroom 700 - 1100 sqft
Bungalow Forced Air

$699,000

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!!! 385 West St N features 3 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 98' Frontage By 257' depth (0.57 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:60365)

Property Details

MLS® Number S12474818
Property Type Multi-family
Community Name Orillia
AmenitiesNearBy Golf Nearby, Hospital, Place Of Worship, Public Transit, Schools
ParkingSpaceTotal 5
Structure Shed
ViewType City View

Building

BathroomTotal 3
BedroomsAboveGround 4
BedroomsTotal 4
Age 51 To 99 Years
ArchitecturalStyle Bungalow
ExteriorFinish Brick, Vinyl Siding
FlooringType Laminate
FoundationType Block
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 1
SizeInterior 700 - 1100 Sqft
Type Triplex
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
LandAmenities Golf Nearby, Hospital, Place Of Worship, Public Transit, Schools
Sewer Sanitary Sewer
SizeDepth 257 Ft ,10 In
SizeFrontage 97 Ft ,4 In
SizeIrregular 97.4 X 257.9 Ft ; 97.53 X 257.85 X 97.43 X 257.85 Ft
SizeTotalText 97.4 X 257.9 Ft ; 97.53 X 257.85 X 97.43 X 257.85 Ft|1/2 - 1.99 Acres
ZoningDescription R4-8i Res

Rooms

Level Type Dimensions
Basement Bedroom 3.3 m x 3 m
Basement Living Room 4 m x 3.7 m
Basement Kitchen 3.8 m x 3 m
Ground Level Bedroom 4 m x 3.7 m
Ground Level Bedroom 2 3 m x 2.5 m
Ground Level Living Room 4 m x 3.7 m
Ground Level Kitchen 4 m x 3.7 m
Ground Level Bedroom 3.3 m x 3 m
Ground Level Living Room 3.3 m x 3 m
Ground Level Kitchen 3.8 m x 3 m

Utilities

Cable Installed
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/29016431/385-west-street-n-orillia-orillia

Bob Coomaraswamy
Salesperson


Royal LePage Ignite Realty
D2 - 795 Milner Avenue
Toronto, Ontario M1B 3C3

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