80 × 139 ft (11,141 sq ft) lot

Overview

This lot in Orillia is for sale offering roughly 11,143 sq ft of space. It has been on the market 20 days, fresher than the Orillia average of 66 days.

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Description

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)

Property Details

MLS®: S14081424
Property Type: Vacant Land
Zoning: R3
Parking: 3
Interior Size: 11,143 ft²
Lot Size: 80 × 139 ft (11,141 sq ft)
Frontage: 80 ft
Heating: No heat
Cooling: None
Property Tax: $3,375.11/yr
Listed: 20 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Orillia listings, avg age

66d

Price / ft²

$40

List price

$450K

Haho

This vacant land 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.

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Listed by RE/MAX EXPERTS · MATTHEW ABLAKAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

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.

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)

$449,990· $40/ft²

For sale

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Financing

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339 Gill Street, Orillia - Vacant Land for Sale