339 Gill Street, Orillia, Ontario, L3V4K3




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$449,990
Orillia
This home in Orillia is for sale offering roughly 350 sq ft of space. Listed at $449,990, it is attractively priced about 30% below the $639,900 median asking price in Orillia. It has been on the market 20 days, fresher than the Orillia average of 66 days.
Attention Builders, Developers And Investors! Excellent Residential Redevelopment Opportunity At 339 Gill Street In Orillia! Situated On A Corner Lot In An Established Residential Neighbourhood, This Property Offers Significant Potential For Future Intensification. The City's Proposed New Official Plan Identifies The Gill Street Area For Evolving Residential Development, Contemplating A Broader Range Of Housing Options Including Townhouses, Multiple-Unit Residential Dwellings And Low-Rise Apartment Buildings, Together With Certain Small-Scale Commercial And Live-Work Uses. Conveniently Located Near Downtown Orillia, Shopping, Schools, Transit And The Waterfront. Property Is Currently Zoned R3. All Redevelopment Opportunities Are Subject To Applicable Planning Policies, Zoning, Floodplain Requirements, Municipal Approvals And Servicing Capacity. Buyers To Complete Their Own Due Diligence. Structures Are Not Livable. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 66 days across the listings currently for sale in this city
This single family in Orillia has been listed for 20 days, which is 46 days fresher than the city average of 66. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $449,990, about 5.8× the local median household income of $77,500.
Carrying it typically needs a household income of about $87,899 (20% down, 25-yr amortization, stress-tested) — roughly 13% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3V)
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Loading rates, 30-yr amortization
Cash Needed to Close
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