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136 Barrie Road Orillia, Ontario L3V 2R1

4 Bedroom 2 Bathroom 1713
None Baseboard Heaters, Forced Air

$799,000

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:38729)

Property Details

MLS® Number 40462454
Property Type Multi-family
Amenities Near By Beach, Golf Nearby, Hospital, Marina, Park, Place Of Worship, Public Transit, Schools, Shopping

Building

Bathroom Total 2
Bedrooms Total 4
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
Size Interior 1713
Type Duplex
Utility Water Municipal Water

Land

Access Type Road Access, Highway Access
Acreage No
Land Amenities Beach, Golf Nearby, Hospital, Marina, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 118 Ft
Size Frontage 110 Ft
Size Irregular 0.32
Size Total 0.32 Ac|under 1/2 Acre
Size Total Text 0.32 Ac|under 1/2 Acre
Zoning Description R2

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/25898063/136-barrie-road-orillia

Interested?

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