390 Mississaga Street

Orillia, Orillia, L3V 3C5
FOR SALE
$645,000
390 Mississaga Street, Orillia
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
390 Mississaga Street
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3 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
7 + 1
ROOMS
S13775546
MLSID
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Property Description
390 Mississauga St W, Orillia - Oversized R2 Lot with Severance & Value-Add Upside. An opportunity built for investors, builders, and value-add buyers. This 3-bedroom, 2-bathroom bungalow sits on a rare 90 x 114.75 ft lot - over 10,000 square feet, close to double the size of many neighbouring parcels - in an established, high-demand Orillia neighbourhood serviced by municipal water and sewer. The numbers tell the story. Recent comparable sales in the immediate area range to the high $700s, with 3-bedroom homes trading around $600,000 and typically selling within a month. The property currently carries low holding costs, with annual taxes near $3,300 - attractive for a buy, improve, and reposition strategy.The real upside is the land. With wide frontage and significant depth, the lot holds potential for a two-lot severance into two serviced R2 building lots, subject to City of Orillia approval - a path that could unlock aggregate land value well above a single as-is sale. Alternatively, hold and rent, or execute a cosmetic renovation to capture the spread between as-is pricing and updated comparables. Multiple exit strategies, one address: Value-add flip - refresh finishes, resell to the owner-occupier market or live in Sever & build - pursue consent for a second building lot (pending municipal approval) Buy & hold - solid bones, low carrying costs, strong rental demand near downtown and Lake Couchiching Built in 1964 with a functional single-level layout, full basement, and 2-car carport, this is a genuine land-and-location play in a market with proven, steady demand. Priced as-is to reflect its upside. Bring your strategy - book your private viewing today.
Property Features
Hospital, Marina, School, Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned, Private, Tandem, None
Property Details
Address
390 Mississaga Street
Community
Postal Code
L3V 3C5
Property Type
Detached, Detached
Zoning
R2
Lot Size
92' x 115'
Acreage
10,506.0 Feet
Taxes
$3,265 (2026
Basement
Partially Finished
Exterior
Canopy, Deck, Year Round Living
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
Carport
Listing contracted with Re/Max Realty Enterprises Inc.
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BEDS
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BEDS
2
BATHS
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195 North Street, Orillia
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BEDS
3
BATHS
$549,990
FOR SALE
Welcome to 195 North Street E, a fantastic opportunity nestled in Orillia's coveted North End! This spacious and versatile home offers the perfect combination of location, space, and endless potential, making it an ideal opportunity for buyers looking to create a home that truly reflects their style. Whether you're envisioning a full renovation or simply looking to make thoughtful updates, this property provides an incredible canvas to bring your vision to life. Inside, you'll find a well designed layout featuring 3+1 bedrooms and 3 bathrooms, generous principal rooms and excellent flow. The finished walk-out basement adds valuable living space and flexibility, while the separate side entrance creates excellent potential for an in-law suite or additional living accommodations. Step outside and discover an expansive lot with plenty of room to create your own private backyard retreat. A large deck provides the perfect setting for summer entertaining, outdoor dining, or relaxing with family and friends. The generous front yard offers an impressive amount of privacy along with ample parking, making this property as practical as it is full of potential. And then there's the location, just minutes from the shores of Lake Couchiching, with easy access to beaches, boat launches, marinas, parks, trails, grocery stores, and Downtown Orillia. Enjoy scenic walks and bike rides connecting you to Tudhope Park, waterfront restaurants, and the many recreational amenities that make Orillia such a sought-after destination. Whether you're looking for a family home, an investment opportunity, or a property you can transform into your dream space, 195 North Street E offers the opportunity, location, and lifestyle to make it your own.
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2+1
BEDS
2
BATHS
$549,900
FOR SALE
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