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Listed price in listed location currency (CAD).
$525,000

000

MLS® S13026964

Overview

Key Facts

Type Industrial
Levels Commercial Sale
Size -
Garage Double Detached
Taxes $7,000
Days Active 98
Lot Size 
Approx. Age 
MLS® Number S13026964

Property Address: 345 Atherley Rd, Orillia, ON, L3V1N9

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

Description

Rare opportunity to acquire a freestanding 4, 000 sq ft commercial building on a 50 x 190 ft lot (approx. 0.36 acres) along the high-exposure Atherley Road / Highway 12 corridor - one of Orillia's primary entry routes toward Lake Couchiching and downtown. The property is zoned C4i (mixed commercial/residential), offering a wide range of permitted uses including commercial operations, residential intensification, and potential multi-residential conversion subject to municipal approvals. Zoning for multi units, great development opportunity, conversion to multi-units, affordable housing, etc. The site features two grade-level access doors, rear yard access, approximately 3-metre ceiling height, and full municipal services including hydro, gas, and wastewater. Currently tenanted at $3, 000/month + HST on a month-to-month basis, providing immediate holding income while an investor plans their next move. The building has operated as a commercial retail space for over 50 years, most recently as Orillia Carpet Discounters. A clean Phase I Environmental Site Assessment (June 2022) confirms no contamination, no fuel tanks, no hazardous materials, and no Phase II required - significantly reducing risk for investors and lenders. Ideal for redevelopment investors, small multifamily developers, owner-users, and mixed-use repositioning buyers.
MLS® NumberS13026964
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageDouble Detached
Approx. Age
Basement
DrivewayGarage Type:Double Detached
Garage Spaces
HeatGas Forced Air Open
A/CPartial

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $525,000

For Sale · 97 days

$525,000

MLS® S13026964

3 months ago

Not Sold Yet

April 2026, For Sale for $525,000

For Sale · 97 days

$525,000

MLS® S13026964

3 months ago

Not Sold Yet

January 2026, Withdrawn for $510,000

Withdrawn · 154 days

$510,000

MLS® S12370737

6 months ago

Canceled on Jan 31, 2026

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