Description

Discover an exceptional opportunity on Progress Drive in Orillia with M3 industrial zoning. Boasting approximately 100 feet of frontage, this prime location is situated directly behind a well-established restaurant. This versatile property opens doors to a multitude of possibilities, including business or professional office spaces, light and medium industrial operations, contractors' yard, and landscapers' yard. Please note that any development charges, culvert fees, and HST are additional to the purchase price. Don't miss out on this rare and promising investment opportunity! (id:66096)

Property Details

MLS®: S13226608
Property Type: Vacant Land
Business Type: Industrial
Zoning: M3
Interior Size: 0 ft²
Lot Size: 21,780 sq ft (0.50 ac)
Frontage: 100 ft
Price per Acre: $900,000 per acre
Property Tax: $1,556.09/yr
Listed: 155 days ago

Market Timing

Days on market

155d

Orillia listings, avg age

67d

List price

$450K

Area context

Neighbourhood profile (L3V)

This home lists at $450,000, about 5.8× the local median household income of $77,500.

Carrying it typically needs a household income of about $87,901 (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)

$450,000

For sale

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66 Progress Drive, Orillia - Vacant Land for Sale