155 ATHERLEY ROAD, Orillia, ON L3V1N5
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155 ATHERLEY ROAD, Orillia, ON L3V1N5
155 ATHERLEY ROAD, Orillia, ON L3V1N5
155 ATHERLEY ROAD, Orillia, ON L3V1N5
155 ATHERLEY ROAD, Orillia, ON L3V1N5
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Alroy Brouwer

Alroy Brouwer

+1(705) 220-8758
$ 549,900
Est. payment /mo
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155 ATHERLEY ROAD Orillia, ON L3V1N5

5 Beds

2 Baths

700 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700 - 1100

Square Footage 700 sqft

Price per Sqft $785

Subdivision Orillia

MLS® Listing ID S13085826

Style Raised bungalow

Bedrooms 5

Property Description

Welcome to 155 Atherley Road in Orillia - an excellent opportunity for investors, first time buyers, or those looking for future development potential. This versatile property features two self-contained apartments, offering flexibility for a variety of living and income-generating arrangements. The upper unit includes 3 bedrooms, while the lower unit offers 2 spacious bedrooms-ideal for extended family living or rental income. The home has been recently painted throughout and shows exceptionally well, making it move-in ready. Additional updates include new flooring, countertops, light fixtures and more. With the property currently vacant, buyers have the rare advantage of setting their own rents or occupancy plans from day one. Projected rental income is strong, with estimates of approximately $2,100/month for the upper unit and $1,750/month for the lower unit. Whether you choose to live in one unit and rent the other, lease both units as a full investment property, or explore future redevelopment options, the possibilities here are substantial. An added highlight is the potential to create a separate entrance off Millard Street, which may allow for a duplex or 4-plex as per city zoning - further enhancing the property's income potential and long-term value (subject to municipal approvals). Located in a desirable area of Orillia close to amenities, parks, and walking distance to Tudhope Park on Couchiching Lake, this property is a smart addition to any real estate portfolio or a flexible option for homeowners seeking supplemental income. NOTE for builders: the property beside this one is also for sale. Buying both would allow for even more options for its use! (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Lower level 4.3 m X 3.47 m Bedroom

Extra Room 2 Lower level 4.3 m X 2.51 m Bedroom

Extra Room 3 Lower level 2.7 m X 2.8 m Kitchen

Extra Room 4 Lower level 3.87 m X 2.2 m Family room

Extra Room 5 Main level 4.93 m X 3.55 m Living room

Extra Room 6 Main level 3.05 m X 2.43 m Kitchen

Interior

Heating Forced air

Cooling None

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage Yes

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Raised bungalow

Others

Virtual Tour https://video214.com/custom-player/Y0S0FUQhQvtsB4AvTUrl2w

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Listed by SUTTON GROUP INCENTIVE REALTY INC.
Alroy Brouwer

Alroy Brouwer

Broker | License ID: 4773123

+1(705) 220-8758

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155 ATHERLEY ROAD