| Message Number | 432508 |
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| status | Active |
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| Subject Line | Orillia (1 hr. to Toronto) Waterfront Development Opportunity, $3.29M, zoning for 9 town homes in place, presently rented to 23 tenants (PHOTO) |
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| Business area | |
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| Have/Want | Have |
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| Business category | Subdivision 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 |
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| Date of Listing | March 4 2025 |
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| Type Description | Waterfront Investment |
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| Location | Orillia |
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| Price | $3,290,000.00 |
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| Comments | Located 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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| Internet Links | 
One of the top cities to live or invest in Canada |
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| Control | Partner |
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| Name | Michael J Preston |
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| View my Other Listings, Haves and Wants: | CLICK HERE! |
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| Title | Broker of Record / Owner |
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| Company Name | Lakeview Realty, Inc., Brokerage |
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| Address Line One | 57 Matchedash Street North |
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| City | Orillia |
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| State/Province | Ontario |
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| Zip/Postal Code | L3V 4T7 |
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| Country | Canada |
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| Business Phone Number | (705)325-3600 |
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| Cell Number | 705-309-1747 |
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| FAX Number | 705-329-0393 |
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| Email Address | Send Email |
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| Home Page | Home Page |
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