136 BARRIE ROAD
Orillia, Ontario
MLS® S12856768
$499,999
- Status
- Active
- Property type
- Multi-family
- MLS® number
- S12856768
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- —
1 / 5Listing description
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.
Property summary
- MLS® number
- S12856768
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 110 x 118 FT ; 60.94 ft 109.98 ft. 117.95 ft.x 100.28
- Annual property taxes
- $3,779.37
- Parking
- 4 spaces · No Garage
- Days on market
- 173 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Partial
- Appliances
- Two stoves, Water Heater, Two Refrigerators
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $499,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 B.J. ROTH REALTY LTD., ORILLIA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.