32 × 94 ft (2,994 sq ft) lot

Overview

This lot in Orillia is for sale. It has been on the market 63 days, fresher than the Orillia average of 67 days.

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Description

Exceptional opportunity to secure a vacant parcel in the heart of Orillia. Located at 117 Colborne Street E, this property offers an exciting opportunity for builders, investors or those looking to create something new in an established urban setting. Conceptual architectural drawing available saving buyers time and money. Conveniently positioned close to downtown Orillia, shopping, restaurants, parks, schools, public transit and the waterfront, the location provides easy access to the many amenities the city has to offer. Surrounded by established residential properties and within walking distance of Orillia's vibrant downtown core, this vacant lot presents an opportunity to explore its development potential. Whether you're considering a future multi-unit rental build or an investment for the years ahead, this property offers a chance to secure land in a desirable and convenient location. Buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, building requirements, development charges and availability of municipal services which have been capped at the property line. (id:66096)

Property Details

MLS®: S13737780
Property Type: Vacant Land
Bathrooms: 0
Lot Size: 32 × 94 ft (2,994 sq ft)
Frontage: 31 ft
Property Tax: $382.92/yr
Listed: 63 days ago

Features

Lot Features: Level lot

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

63d

Orillia listings, avg age

67d

List price

$260K

Haho

This vacant land in Orillia has been listed for 63 days, which is 4 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RE/MAX CROSSTOWN REALTY INC. · PAUL PARTRIDGE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $260,000, about 3.4× the local median household income of $77,500.

Carrying it typically needs a household income of about $50,787 (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)

$260,000

For sale

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Financing

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117 Colborne Street East, Orillia - Vacant Land for Sale