2925 Old Barrie Road, Orillia - Business for Sale
2925 Old Barrie Road, Orillia, Ontario, L3V6H1
This business in Orillia is for sale offering roughly 7 sq ft of space.
Description
Amazing visibility of 334 ft fronting Old Barrie Rd in Orillia across Lakehead University and other major commercial developments including Costco with fast access to north and south bound lanes of Hwy 11. This 7.27 Acre Parcel has yet to see its highest and best use making it a very interesting investment opportunity in a prime location in the beautiful and fast growing city of Orillia. Industrial/Rural zoning with a very large residential home with an excellent tenant (Formerly Operated As A Group Home) featuring large rooms, 18 X 36 deck overlooking park-like rear yard. 2 add'l structures - 12' X 48' former school portable & larger barn. Currently serviced by well & septic. Commercial grade sprinkler system and generac system. Buyer responsible for doing their own due diligence related to details of zoning current or future specific restrictions. (id:66096)
Property Details
- MLS®
- S12985950
- Property Type
- Business
- Zoning
- M4 , RU , EP
- Interior Size
- 7 ft²
- Lot Size
- 6.63 acres
- Frontage
- 863 ft
- Heating
- Forced air, Natural gas
- Cooling
- None
- Property Tax
- $10,733/yr
- Listed
- 207 days ago
Features
- Lot Features
- Irregular lot size
Services
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 207 days on market, against an average age of 67 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L3V)
This home lists at $1,988,000, about 25.7× the local median household income of $77,500.
Carrying it typically needs a household income of about $388,326 (20% down, 25-yr amortization, stress-tested) — roughly 401% above the area median.
- Median household income
- $77,500
- Population
- 48,651
- Median age
- 47.6
- Owner / renter
- 70% / 30%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA L3V)
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$1,988,000
Orillia