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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$699,000
Available - For Sale
Listing ID: S12474818
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.
Price $699,000
Taxes: $5,003.88
Occupancy by: Tenant
Address: 385 West Stre North , Orillia, L3V 5E7, Simcoe
Acreage: .50-1.99
Directions/Cross Streets: ON-11 Orillia and West Street N.
Rooms: 10
Bedrooms: 4
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: None
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Ground Bedroom 13.12 12.14 Window, Laminate
Room 2: Ground Bedroom 2 9.84 8.20 Window, Laminate
Room 3: Ground Living Ro 13.12 12.14
Room 4: Ground Kitchen 13.12 12.14
Room 5: Basement Bedroom 10.82 9.84 Window, Laminate
Room 6: Basement Living Ro 13.12 12.14 Window, Laminate, Combined w/Kitchen
Room 7: Basement Kitchen 12.46 9.84 Window, Laminate, Combined w/Living
Room 8: Ground Bedroom 10.82 9.84 Window, Laminate
Room 9: Ground Living Ro 10.82 9.84 Large Window, Laminate, Combined w/Kitchen
Room 10: Ground Kitchen 12.46 9.84 Window, Laminate, Combined w/Living
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Basement
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Main
Washroom 7:  3 Basement
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Triplex
Style: Bungalow
Exterior: Brick
Vinyl Siding
Garage Type: None
Drive Parking Spaces: 5
Pool: None
Other Structures: Shed, Storage
Approximatly Age: 51-99
Approximatly Square Footage: 700-1100
Property Features: Golf
Hospital
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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ROYAL LEPAGE IGNITE REALTY

385 West Stre North , Orillia, L3V 5E7, Simcoe

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Triplex
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style: Bungalow
Lot Size: x 257.85(Feet)
Approximate Age: 51-99
Tax: $5,003.88
Maintenance Fee: $0
Beds: 4
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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