136 BARRIE ROAD, Orillia, Ontario, L3V2R1
Check out this outstanding investment opportunity featuring zoning and permitted use information available in the documents section. This legal duplex offers two well-appointed 2-bedroom units, each with its own hydro meter, with potential to create a smaller third unit subject to municipal approval. The property sits on a large in-town double lot, providing excellent long-term development and income potential for savvy investors or developers. Located directly across from an expanding rental complex, this property is positioned in a high-demand area that supports continued rental growth. The existing income stream allows you to carry the property while the City approval process for future changes or improvements is underway, making it an ideal buy-now-and-hold investment. Current monthly income $3,100.00, long term Tenants. Conveniently situated in Orillia, the property is within walking distance to the hospital, downtown core with its charming cafes, restaurants, banks, and shopping, as well as the recreation centre, all of which contribute to strong tenant appeal. As Orillia continues to experience steady growth, this is a great opportunity to become part of the city's expanding real estate market. The buyer is responsible for all municipal processes and associated costs related to zoning verification, change of use, and permit approvals. This is a versatile property with significant potential for income generation, development, or long-term investment holding. (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-872-7400
- 705-745-4321
- 705-745-4324
- gbennett@nexicom.net
- Property Address: 136 BARRIE ROAD, Orillia, Ontario, L3V2R1
- Community Name: Orillia
- Property Type: Multi-family
- Zoning Description: R2
- Lot Size: 110 x 118 FT ; 60.94 ft 109.98 ft. 117.95 ft.x 100.28
- Acreage: 110 x 118 FT ; 60.94 ft 109.98 ft. 117.95 ft.x 100.28|under 1/2 acre
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 4
- Maintenance Fee: 0.00
- Amenities Nearby: Beach, Golf Nearby, Hospital, Marina
- Structure Style: Duplex
- Storeys: 2
- Floor Space: 1100 - 1500 sqft
- Building Age: 100+ years
- Bedrooms: 4
- Bathrooms: 2-Total
- Basement Type: Partial
- Heating Type: Natural gas, Forced air
- Cooling: None
- Exterior Type: Vinyl siding
- Foundation Type: Block
- Appliances Included: Water Heater, Two stoves, Two Refrigerators
| Type | Level | Dimensions |
|---|---|---|
| Bathroom | Second level | 1.1 m x 1.1 m |
| Bathroom | Main level | 1.1 m x 1.1 m |
Listing Office: CENTURY 21 B.J. ROTH REALTY LTD.
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