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For Sale - 345 Atherley Road, Orillia, Ontario

345 Atherley Road

Orillia , Ontario

$485,000

Est payment $2,329/mo

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Time on Jump 143 day

AI Summary *

Freestanding 4,000 sq ft building located on a high-traffic road.
Zoned for mixed commercial/residential uses with redevelopment potential.
Features two grade-level access doors and full municipal services.
Currently generates rental income on a month-to-month basis.
Clean environmental assessments reduce risk for investors and developers.

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Purchase Price

Term

Interest Rate

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Down Payment:
$ 24,250 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

Rare opportunity to acquire a freestanding 4,000 sq ft commercial building on a 50 x 190 ft lot (approx. 0. 36 acres) along the high-exposure atherley road / highway 12 corridor - one of orillia's primary entry routes toward lake couchiching and downtown. The property is zoned c4i (mixed commercial/residential), offering a wide range of permitted uses including commercial operations, residential intensification, and potential multi-residential conversion subject to municipal approvals. Zoning for multi units, great development opportunity, conversion to multi-units, affordable housing, etc. The site features two grade-level access doors, rear yard access, approximately 3-metre ceiling height, and full municipal services including hydro, gas, and wastewater. Currently tenanted at $3,000/month + hst on a month-to-month basis, providing immediate holding income while an investor plans their next move. The building has operated as a commercial retail space for over 50 years, most recently as orillia carpet discounters. A clean phase i environmental site assessment (june 2022) confirms no contamination, no fuel tanks, no hazardous materials, and no phase ii required - significantly reducing risk for investors and lenders. Ideal for redevelopment investors, small multifamily developers, owner-users, and mixed-use repositioning buyers.

Listing IDS13026964

Address345 Atherley Road

CityOrillia, Ontario

Price$485,000

StyleIndustrial

TypeIndustrial/Commercial

StatusFor Sale

Extras

Subtype IndustrialHeating / Cooling Gas Forced Air Open

Market Info

Listing Agency:
Signature Elite Realty Ltd.

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Listing Agency:
Signature Elite Realty Ltd.

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For Sale - 345 Atherley Road, Orillia, Ontario

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