$799,000 FOR SALE

Duplex

Bedrooms: 4Bathrooms: 2Lot: 110 x 118 ft

136 Barrie Road
Orillia, ON L3V 2R1

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:47423)

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Listed By Century 21 B.J. Roth Realty Ltd. Brokerage
Data Provided By Barrie & District Association of REALTORS® Inc.
MLS® Listing Number 40606462
Last Updated Jun 14, 2024
Property Summary
Property Type Duplex

More like this:
Subdivision West Ward
Price History
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Detailed Information
Bedrooms 4
Bathrooms 2
Lot 110 x 118 ft
Amenities Nearby Golf Nearby, Hospital, Marina, Park, Place of Worship, Public Transit, Schools, Shopping
Listing Contract Date 2024-06-14
Location Description West St. to Barrie Rd. West.
Ownership Type Freehold
# of Parking Spaces 4
Property Type Multi-family
Transaction Type For sale
Zoning Description R2
Building
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
Type Duplex
Utility Water Municipal water
Land
Total Size 0.32 acres
Access Type Road access, Highway access
Amenities Golf Nearby, Hospital, Marina, Park, Place of Worship, Public Transit, Schools, Shopping
Sewer Municipal sewage system
Size of Irregular Land 0.32

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