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136 Barrie Road Orillia, Ontario L3V 2R1

4 Bedroom 2 Bathroom 1713 sqft

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:43988)

Property Details

MLS® Number	40606462
Property Type	Multi-family
Amenities Near By	Golf Nearby, Hospital, Marina, Park, Place Of Worship, Public Transit, Schools, Shopping
Parking Space Total	4

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 Sqft
Type	Duplex
Utility Water	Municipal Water

Land

Access Type	Road Access, Highway Access
Acreage	No
Land Amenities	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

Aerial

https://www.realtor.ca/real-estate/27045311/136-barrie-road-orillia

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Last Updated
June 14 2024 08:48:44

Data Provider
Barrie & District Association of REALTORS® Inc.

Listing Office
Century 21 B.j. Roth Realty Ltd. Brokerage

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Domenic Gagliardi

Domenic is a very important part of The Johnston Team and is proud to offer a high level of service to each & every client. Domenic works hard to make every client “Feel as if they are apart of the family” and consistently goes above and beyond for his clients. With over 20 years of real estate investing experience, Domenic has extensive knowledge of the real estate market. Domenic Gagliardi has been an independent investor and property manager for over 20 years. At the age of 19, Domenic purchased his first rental property while still living at home with family. This decision was based upon an amazing opportunity to become a young Investor to ultimately secure a better future down the road. He uses his experience & knowledge to assist his clients whether they are buying their dream home or an investment property. His love for people & hard work shows in his commitment to each & every client.

Matthew Johnston

Matthew has learned from the best! With over 20 years of experience, Matthew has become a vital part in the success of The Johnston Team. He now holds his Broker’s license and has a passionate commitment to ongoing education of market trends and up-to-date market information. Matthew utilizes the advanced technology and marketing tools at Royal Lepage First Contact Realty and has catapulted the Johnston Team to the next level with interactive communication for both the client and the consumer. Matthew has extensive experience with condos in Barrie, with over 100 condo transactions in the last 2 years. He has sold and rented the most condos at Manhattan & Greenwich village condos in Barrie and works hard to get the results his clients want. Additionally, Matthew is experienced in real estate investing in Barrie and purchased his first investment property at the age of 18 years old – A four bedroom townhome 2 mins from Georgian College for $87,500 (Keep in mind this was 1996). Last year alone, Matthew helped his clients purchase 28 investment homes within the City of Barrie. Matthew prides himself of being able to assist clients with all their real estate needs!

Robert Johnston

Robert started his career at A.E.Lepage in Toronto, back in the 70’s and has continued his life work in Real Estate. He has achieved Royal Lepage’s highest honours, the Life Time Achievement award and the prestigious Lifetime Chairman’s Club award. The Johnston Team are pleased to be an important part of Royal LePage First Contact Realty, a well-established and respected company in Barrie that strives to always be on the cutting edge of new and innovative marketing techniques, employing only the latest in technological advances. Robert was born and raised in Barrie and is a past member of the planning board of the City and is also an active member of The Rotary Club of Barrie for more than 25 years. Robert and Karen’s connectedness in the City shows their commitment to community involvement.