387 West Street N Orillia, Ontario L3V 5E7
$799,000
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!!! 387 West St N features 5 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 95' Frontage By 257' depth (0.56 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:50886)
Property Details
| MLS® Number | S12474832 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Amenities Near By | Golf Nearby, Hospital, Place Of Worship, Public Transit, Schools |
| Parking Space Total | 7 |
| Structure | Shed |
| View Type | City View |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 100+ Years |
| Amenities | Fireplace(s) |
| Basement Type | None |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick, Vinyl Siding |
| Fireplace Present | Yes |
| Flooring Type | Hardwood, Laminate |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 257 Ft ,10 In |
| Size Frontage | 92 Ft |
| Size Irregular | 92 X 257.9 Ft ; 92.08 X 257.85 X 91.98 X 257.85 Ft |
| Size Total Text | 92 X 257.9 Ft ; 92.08 X 257.85 X 91.98 X 257.85 Ft|1/2 - 1.99 Acres |
| Zoning Description | R4-8i Res |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 3.3 m | 3 m | 3.3 m x 3 m |
| Second Level | Kitchen | 3.6 m | 3.2 m | 3.6 m x 3.2 m |
| Second Level | Living Room | 4.1 m | 2.7 m | 4.1 m x 2.7 m |
| Second Level | Bedroom | 3.3 m | 3 m | 3.3 m x 3 m |
| Second Level | Kitchen | 3.8 m | 3 m | 3.8 m x 3 m |
| Basement | Living Room | 4 m | 3.7 m | 4 m x 3.7 m |
| Basement | Kitchen | 3.8 m | 3 m | 3.8 m x 3 m |
| Ground Level | Kitchen | 4 m | 3.7 m | 4 m x 3.7 m |
| Ground Level | Bedroom | 3 m | 2.5 m | 3 m x 2.5 m |
| Ground Level | Living Room | 4 m | 3.7 m | 4 m x 3.7 m |
| Ground Level | Kitchen | 4 m | 3.7 m | 4 m x 3.7 m |
| Ground Level | Bedroom | 3.3 m | 3 m | 3.3 m x 3 m |
| Ground Level | Living Room | 3.3 m | 3 m | 3.3 m x 3 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29016432/387-west-street-n-orillia-orillia
Contact Us
Contact us for more information
Bob Coomaraswamy
Salesperson
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D2 - 795 Milner Avenue
Toronto, Ontario M1B 3C3
(416) 282-3333
(416) 272-3333
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October 23 2025 02:54:32
Toronto Regional Real Estate Board
Royal LePage Ignite Realty