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Property Description
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. 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.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-08-01 | 2024-03-07 | 219 | $799,000 | - | Terminated |
Extras
Legal duplex with 2 x 2 bedroom units with separate hydro meters on a huge in town double lot. Lots of potential for this property which is in close proximity to the hospital, quaint downtown Orillia, and Orillia Recreation Centre.
Property Features
Beach, Golf, Hospital, Lake/Pond, Library, Marina
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
110' x 118'
Acreage
< .50
Lot Irregularities
60.94 ft 109.98 ft. 117.95 ft.x 100.28
Fronting
South
Taxes
$3,557 (2023)
Basement
Part Bsmt
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Bathroom | Main | 3.61' x 3.61' | 4 Pc Bath |
| Bathroom | 2nd | 3.61' x 3.61' | 4 Pc Bath |
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Orillia Market Statistics
Orillia Price Trend
136 Barrie Rd is a 4-bedroom 2-bathroom home listed for sale at $799,000, which is $3,020 (0.4%) higher than the average sold price of $795,980 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 4 bedroom home in Orillia increased by $145,980 (22.5%) compared to the previous 30 day period (July 22 - August 20) and up $60,980 (8.3%) from the same time one year ago.Inventory Change
There were 16 4-bedroom homes listed in Orillia over the last 30 days (August 21 - September 19), which is up 33.3% compared with the previous 30 day period (July 22 - August 20) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Orillia typically sold ($15,999) (2.0%) below asking price over the last 30 days (August 21 - September 19), which represents a $8,901 increase compared to the previous 30 day period (July 22 - August 20) and ($36,372) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Orillia over the last 30 days (August 21 - September 19) stood at 31.2%, up from 25.0% over the previous 30 days (July 22 - August 20) and down from 137.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Orillia stood at 47 days when successfully sold over the last 30 days (August 21 - September 19), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 B.J. Roth Realty Ltd.
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Welcome to 315 Mississaga, a beautiful updated legal duplex in Orillia where modern amenities meet comfort and convenience! This legal duplex offers 2 separate units with separate entrances and individual parking for each. Each unit features eat-in kitchen/dining with great living area space for the entire family plus a 4- piece bath and 2 bedrooms per unit. Recent upgrades include-main floor renovation with new cupboards, appliances and hardwood floors in kitchen and living area, also laminate floors in bedrooms and bathroom , and in-unit laundry on main level only. The exterior also has seen significant updates with new vinyl siding, eavestrough and fascia providing a impressive curb side appeal. A separate entrance to a partial basement and shed provides ample storage space for tenants or the owner themselves. Situated within walking distance to Soldiers Memorial hospital and conveniently close to bus stops and downtown this is a sought after area. Whether you choose to rent out entire property or capitalize on renting one unit and living in other, this legal duplex checks all the boxes. Seize this opportunity to maximize your investments potential! *Separate Hydro Meters on each unit* New Furnace 2023
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