6,098 sq ft (0.14 ac) lot

Overview

This lot in Orillia is for sale.

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Description

Prime investment opportunity in Orillia. This high traffic parking lot is ideally located directly across from the emergency entrances of Soldiers' Memorial Hospital and features 13 parking spaces with strong, consistent demand. The property is equipped with a modern remote controlled entry system, on site cameras, and an automated exit gate for easy operation and management. Recently severed from 50 Dunedin St., the property can also be purchased together with the adjoining parcel. The site offers exceptional redevelopment potential, including the possibility of removing the existing home for new build opportunities or potential lot severance. HC2 zoning permits a wide range of uses, including senior housing, residential, institutional, and healthcare developments. As Orillia's waterfront continues to evolve with new condominium projects, this property represents an outstanding investment opportunity. Combined L shaped lot dimensions: parking lot approximately 43.74 ft. x 140.62 ft. depth, house portion approximately 73.32 ft. x 68.86 ft. depth. (id:66096)

Property Details

MLS®: S13440266
Property Type: Vacant Land
Business Type: Service
Zoning: HC2
Interior Size: 0 ft²
Lot Size: 6,098 sq ft (0.14 ac)
Frontage: 46 ft
Property Tax: $3,500/yr
Listed: 145 days ago

Market Timing

Days on market

145d

Orillia listings, avg age

66d

List price

$599K

Haho

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Listed by SUTTON GROUP-ASSOCIATES REALTY INC. · WINHAN WONG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $599,000, about 7.7× the local median household income of $77,500.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 51% 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)

$599,000

For sale

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Financing

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169 Colborne Street West, Orillia - Vacant Land for Sale