385 & 387 West St N, Orillia, ON

Name: 385 & 387 West St N, For Sale in Orillia - Zoocasa
Brand: ROYAL LEPAGE IGNITE REALTY
SKU: S12479016
Price: 1499000 CAD

Real Estate

For Sale

Listed price in listed location currency (CAD).

$1,499,000

5012

MLS® S12479016

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $9,676

Days Active 59

Approx. Age

MLS® Number S12479016

Property Address: 385 & 387 West St N, Orillia, ON, L3V5E7

Average square foot calculated using Size range provided by listing agent.

Description

Excellent Investment Opportunity! 387 West St N is being sold together with 385 West St N - both properties must be purchased as a package. 385 West St N features 3 fully rented units. 387 West St N features 5 fully rented units. All tenants on month-to-month terms paying market-value rents. Together, these properties offer a strong, stable income stream and great future development potential. Positive cashflow!! While you get your development plan ready you will also generate a positive cashflow!! Intensification Area Land! Fabulous Investment Opportunity! City of Orillia Official Plan has been consolidated on June 2nd, 2025. All tenants willing to stay. Great Property Manager who takes care of all aspects of the property. Handsfree investment opportunity. The property offer a 190' Frontage By 257' depth (1.12 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.

MLS® NumberS12479016

Locker

Ensuite LaundryNo

Balcony

Furnished

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Exterior

GarageNo

Approx. Age

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Pets

Included in Maintenance Fee

Heat

Hydro

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Building Insurance

Condo Taxes

Cable TV

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Parking Maintenance

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Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 23, 2025List Date

$1,499,000List Price

Commute

Commute

Starting Address

Destination Address

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