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Jen Scholte

[email protected] +1(705) 444-4949

$549,900

Est. payment - /mo

5 Beds

2 Baths

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision Orillia

MLS Listing ID S13085826

Style Bungalow-Raised

Bedrooms 5

Annual Tax Amount $2,585

Tax Year 2025

Property Sub-Type Duplex

Property Description

Welcome to 155 Atherley Road in Orillia - an excellent opportunity for investors, first time buyers, or those looking for future development potential. This versatile property features two self-contained apartments, offering flexibility for a variety of living and income-generating arrangements. The upper unit includes 3 bedrooms, while the lower unit offers 2 spacious bedrooms-ideal for extended family living or rental income. The home has been recently painted throughout and shows exceptionally well, making it move-in ready. Additional updates include new flooring, countertops, light fixtures and more. With the property currently vacant, buyers have the rare advantage of setting their own rents or occupancy plans from day one. Projected rental income is strong, with estimates of approximately $2,100/month for the upper unit and $1,750/month for the lower unit. Whether you choose to live in one unit and rent the other, lease both units as a full investment property, or explore future redevelopment options, the possibilities here are substantial. An added highlight is the potential to create a separate entrance off Millard Street, which may allow for a duplex or 4-plex as per city zoning - further enhancing the property's income potential and long-term value (subject to municipal approvals). Located in a desirable area of Orillia close to amenities, parks, and walking distance to Tudhope Park on Couchiching Lake, this property is a smart addition to any real estate portfolio or a flexible option for homeowners seeking supplemental income. NOTE for builders: the property beside this one is also for sale. Buying both would allow for even more options for its use!

Location

Province ON

County Simcoe

Area Simcoe

Rooms

Family Room No

Basement Walk-Out, Finished, Full

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Accessory Apartment

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private Double

Garage Spaces 1.0

Pool None

Waterfront Description None

Roof Type Asphalt Shingle

Lot Frontage 50.0

Lot Depth 191.25

Total Parking Spaces 5

Building

Building Age 51-99

Unit Features Level

Foundation Concrete Block

Others

ParcelsYN Yes

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Listed by SUTTON GROUP INCENTIVE REALTY INC.

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Jen Scholte

+1(705) 444-4949

Broker

155 ATHERLEY RD Orillia, ON L3V 1N5

Jen Scholte

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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155 ATHERLEY RD