For Sale - 155 ATHERLEY Road, Orillia, Ontario

Est payment $2,641/mo
Views   1
Time on Jump  2 day
  • Versatile property with two self-contained apartments for living or rental options.
  • Upper unit has 3 bedrooms, lower unit features 2 spacious bedrooms.
  • Recent updates include fresh paint, new flooring, and modern fixtures.
  • Vacant property allows buyers to set their own rents from day one.
  • Potential for future redevelopment into a duplex or 4-plex with city approval.



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!
Listing IDS13085826
Address155 ATHERLEY Road
CityOrillia, Ontario
Price$549,900
Bed / Bath5 / 2 Full
StyleBungalow-Raised, Duplex
ConstructionMetal/Steel Siding, Brick
TypeMulti-Family
StatusFor Sale
Subtype DuplexIndoor Features Accessory ApartmentAmenities LevelOwnership FreeholdWaterfront NoneBasement Walk-Out, Finished, FullFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 5.00
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Listing Agency:  SUTTON GROUP INCENTIVE REALTY INC.

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155 Atherley Road
Orillia , Ontario
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