Top 5 Reasons You Will Love This Property: 1) Situated on a 65'x105' corner lot at Matchedash Street South and Western Avenue, this property offers outstanding visibility, access, and design flexibility, making it highly desirable for development and allowing for improved layouts, additional entrances, and stronger long-term value 2) The recent R3I residential intensification zoning unlocks significant development potential, whether you're envisioning a 4-plex, 6-plex, townhouses, an apartment dwelling, or live/work units, supporting density that can drive stronger returns 3) This incredibly versatile land permits a wide range of uses, including group homes, retirement residences, bed and breakfasts, child care centres, places of worship, business uses, and more, subject to approval 4) Zoning is already in place, significantly reducing entitlement risk and approval timelines, allowing you to move forward with confidence, clarity, and speed while saving time and money prior to construction 5) With demand for housing, mixed-use spaces, and community-focused developments continuing to rise, this site offers both immediate and long-term upside, with exceptional potential that adapts to changing market needs. (id:66096)
Property Details
MLS®
S13620072
Property Type
Vacant Land
Zoning
R3I
Bathrooms
0
Interior Size
5,000+ ft²
Lot Size
65 × 105 ft (6,825 sq ft)
Frontage
65 ft
Property Tax
$3,674/yr
Listed
97 days ago
Services
Utilities
Sewer, Electricity, Cable
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
97d
Orillia listings, avg age
66d
List price
$349K
Long Listed: 97 days on market, against an average age of 66 days across the listings currently for sale in this city
Market timing · days on market0 → 66d avg age of current listings
Long Listed · day 97
Haho
This vacant land in Orillia is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by FARIS TEAM REAL ESTATE BROKERAGE · MARK FARIS
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L3V)
This home lists at $349,000, about 4.5× the local median household income of $77,500.
Carrying it typically needs a household income of about $68,172 (20% down, 25-yr amortization, stress-tested) — within reach of 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)
$349,000
For sale
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Financing
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