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:61852)
Property Details
| MLS® Number | S12474832 |
| Property Type | Multi-family |
| Community Name | Orillia |
| AmenitiesNearBy | Golf Nearby, Hospital, Place Of Worship, Public Transit, Schools |
| ParkingSpaceTotal | 7 |
| Structure | Shed |
| ViewType | City View |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Age | 100+ Years |
| Amenities | Fireplace(s) |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Brick, Vinyl Siding |
| FireplacePresent | Yes |
| FlooringType | Hardwood, Laminate |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Golf Nearby, Hospital, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 257 Ft ,10 In |
| SizeFrontage | 92 Ft |
| SizeIrregular | 92 X 257.9 Ft ; 92.08 X 257.85 X 91.98 X 257.85 Ft |
| SizeTotalText | 92 X 257.9 Ft ; 92.08 X 257.85 X 91.98 X 257.85 Ft|1/2 - 1.99 Acres |
| ZoningDescription | 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
Interested?
Contact us for more information
Bob Coomaraswamy
Salesperson
D2 - 795 Milner Avenue
Toronto, Ontario M1B 3C3
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 22 2025 06:29:43
Toronto Real Estate Board
Royal LePage Ignite Realty