Message Number406040
statusActive
Subject LineOrillia (1 hr. to Toronto) Waterfront Development Opportunity, $3.29M, zoning for 9 town homes in place, presently rented to 23 tenants (PHOTO)
Business area
Canada
Ontario
Northern Ontario
Barrie
Have/WantHave
Business categorySubdivision Potential/Condo Sites/Townhouse Sites/Building Lots
Recreational Sites/Senior Lifestyle Sites/Golf Courses/Resorts/Trailer Parks
Apartment buildings/multi unit/condo townhouse projects/investments
Residential estates, single family homes, condos, cottages, vacation homes
Date of ListingApril 13 2022
Type DescriptionWaterfront Investment
LocationOrillia
Price$3,290,000.00
CommentsLocated in a beautiful bay in the central Orillia.
The property is ripe for a new development with zoning for 9 town homes in place. $3.290,000.
23 unit multi family complex consisting of 4 two bedrooms, 3 two room bachelors and 16 bachelor units. Property has been re-zoned R4-7 to allow 9 side by side waterfront town homes. Land is approx 170′ x 171 with additional rare water lot approx 170 x 100 x 180 x 100. Currently has been a holding property with existing cash flow with Gross Income of $216, 624 and Net of $103,624.
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ControlPartner
NameMichael J Preston
TitleBroker of Record / Owner
Company NameLakeview Realty, Inc., Brokerage
Address Line One57 Matchedash Street North
CityOrillia
State/ProvinceOntario
Zip/Postal CodeL3V 4T7
CountryCanada
Business Phone Number(705)325-3600
Cell Number705-309-1747
FAX Number705-329-0393
Email AddressSend Email
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